Village Super Market (VLGEA) 8-K Regulation FD Disclosure

VILLAGE SUPER MARKET, INC.

733 MOUNTAIN AVENUE

SPRINGFIELD, NEW JERSEY 07081

PHONE:  (973) 467-2200

FAX:  (973) 467-6582

VILLAGE SUPER MARKET, INC.

REPORTS RESULTS FOR THE QUARTER AND YEAR ENDED

July 25, 2009

Contact:	Kevin Begley, CFO
	(973) 467-2200 – Ext. 220
	Kevin.Begley@Wakefern.com

Springfield, New Jersey – October 2, 2009– Village Super Market, Inc. (NSD-VLGEA) today reported its results of operations for the fourth quarter and year ended July 25, 2009.

Net income was $6,680,000 in the fourth quarter of fiscal 2009, a decrease of 3% from the fourth quarter of the prior year.  Excluding a $708,000 charge related to litigation in fiscal 2009, net income increased 7% in the fourth quarter compared to the prior year.  Net income, excluding the charge, increased primarily due to higher gross profit percentages, partially offset by higher operating expenses as a percentage of sales and higher depreciation expense.

Sales were $310,925,000 in the fourth quarter of fiscal 2009, an increase of 4.3% from the prior year.  Sales increased due to the opening of the Marmora, NJ store on May 31, 2009 and a same store sales increase of 1.8%.  Same store sales increased due to higher sales at the Galloway and Franklin stores, which opened last year and are now included in same store sales, and improved transaction counts.  Same store sales were negatively impacted by a decrease in the average transaction size and cannibalization from the opening of the Marmora store.  The Company believes the lower same store sales growth in the fourth quarter of fiscal 2009 compared to the first nine months of fiscal 2009 is due to deflation in certain commodities and changing consumer behavior due to economic weakness, which has resulted in increased sale item penetration, coupon usage and trading down.  Based on these trends, which have continued in August and September, and a comparison to a very strong October 2008 quarter, the Company expects same store sales for the October 2009 quarter to increase by .25% to 1.25%, and believes it will be difficult to match the earnings level achieved in the October 2008 quarter. The Company expects same store sales for all of fiscal 2010 to increase by 1% to 3%.

Net income in fiscal 2009 was $27,255,000, an increase of 21% from the prior year. Excluding a fourth quarter charge related to litigation of $708,000, net income increased 24%.  Sales in fiscal 2009 were $1,208,097,000, an increase of 7.1% from the prior year.  Same store sales increased 4.8% in fiscal 2009.  Net income in fiscal 2009 improved compared to the prior year due to higher sales, improved gross profit percentages and lower operating expenses as a percentage of sales.

Village Super Market operates a chain of 26 supermarkets under the Shop Rite name in New Jersey and eastern Pennsylvania.

All statements, other than statements of historical fact, included in this Press Release are or may be considered forward-looking statements within the meaning of federal securities law.  The Company cautions the reader that there is no assurance that actual results or business conditions will not differ materially from future results, whether expressed, suggested or implied by such forward-looking statements.  The Company undertakes no obligation to update forward-looking statements to reflect developments or information obtained after the date hereof. The following are among the principal factors that could cause actual results to differ from the forward-looking statements: local economic conditions; competitive pressures from the Company’s operating environment; the ability of the Company to maintain and improve its sales and margins; the ability to attract and retain qualified associates; the availability of new store locations; the availability of capital; the liquidity of the Company; the success of operating initiatives; consumer spending patterns; the impact of higher energy prices; increased cost of goods sold, including increased costs from the Company’s principal supplier, Wakefern; the results of litigation; the results of tax examinations; the results of union contract negotiations; competitive store openings; the rate of return on pension assets; the outcome of the approval process for the Washington replacement store; and other factors detailed herein and in the Company’s filings with the SEC.

VILLAGE SUPER MARKET, INC.

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(In Thousands Except Per Share Amounts)

	13 Wks. Ended			13 Wks. Ended			52 Wks. Ended			52 Wks. Ended
	July 25, 2009			July 26, 2008			July 25, 2009			July 26, 2008
Sales	$	310,925		$	297,968		$	1,208,097		$	1,127,762
Cost of sales		224,982			217,939			877,552			822,564
Gross profit		85,943			80,029			330,545			305,198
Operating and administrative expense		69,979			64,587			267,667			252,739
Depreciation and amortization		4,277			3,553			15,319			13,713
Operating income		11,687			11,889			47,559			38,746
Interest expense		(887	)		(789	)		(3,016	)		(2,986	)
Interest income		511			565			2,064			3,030
Income before income taxes		11,311			11,665			46,607			38,790
Income taxes		4,631			4,774			19,352			16,247
Net income	$	6,680		$	6,891		$	27,255		$	22,543
Net income per share(1)
Class A common stock:
Basic	$	.62		$	.64		$	2.52		$	2.11
Diluted	$	.50		$	.52		$	2.06		$	1.71
Class B common stock:
Basic	$	.40		$	.42		$	1.64		$	1.38
Diluted	$	.39		$	.41		$	1.61		$	1.38
Gross profit as a % of sales		27.6	%		26.9	%		27.4	%		27.1	%
Operating and administrative expense as a % of sales		22.5	%		21.7	%		22.2	%		22.4	%

(1) All per share amounts have been adjusted to reflect the two-for-one stock split effective January 22,2009.