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 31, 2010

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

Springfield, New Jersey – October 8, 2010– Village Super Market, Inc. (NSD-VLGEA) today reported its results of operations for the fourth quarter and year ended July 31, 2010.

Net income was $8,897,000 in the fourth quarter of fiscal 2010, an increase of 33% from the fourth quarter of the prior year.  Fiscal 2010 contains 53 weeks, with the additional week included in the fourth quarter.  Excluding the $1,200,000 estimated positive impact of this 53rd week and a $708,000 after tax charge related to litigation in the fourth quarter of fiscal 2009, net income increased 4% in the fourth quarter compared to the prior year.

Sales were $342,741,000 in the fourth quarter of fiscal 2010, an increase of 10.2% from the prior year.  Sales increased due to the inclusion of the 14th week in the fourth quarter of fiscal 2010, the opening of the Washington replacement store on February 21, 2010, and a full quarters sales of the Marmora store, which opened on May 31, 2009.  Same store sales, excluding the 14th week, were flat in the fourth quarter compared to the prior year.  Same stores sales continue to be affected by cannibalization from the opening of the Marmora store and reduced sales in two stores due to com petitive store openings.  In addition, sales continue to be impacted by changing consumer behavior due to economic weakness, which has resulted in increased coupon usage, sale item penetration and trading down.  The Company expects same store sales for all of fiscal 2011 to range from 0% to 2%, excluding the impact of the 53rd week, as we expect the deflationary trend to end.

Net income in fiscal 2010 was $25,381,000, a decrease of 7% from the prior year. Excluding the estimated positive impact of the 53rd week in fiscal 2010 and the litigation charge in the prior year, net income decreased 13%.  Sales in fiscal 2010 were $1,261,825,000 an increase of 4.4% from the prior year.  Same store sales, excluding the impact of the 53rd week, declined .7%.  Net income in fiscal 2010 declined compared to the prior year due to lower same store sales and reduced gross profit percentages.

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 Compan y 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;   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)

	14 Wks. Ended			13 Wks. Ended			53 Wks. Ended			52 Wks. Ended
	July 31, 2010			July 25, 2009			July 31, 2010			July 25, 2009
Sales	$	342,741		$	310,925		$	1,261,825		$	1,208,097
Cost of sales		248,953			224,982			918,900			877,552
Gross profit		93,788			85,943			342,925			330,545
Operating and administrative expense		73,466			69,979			280,767			267,667
Depreciation and amortization		4,505			4,277			16,900			15,319
Operating income		15,817			11,687			45,258			47,559
Interest expense		(906	)		(887	)		(3,660	)		(3,016	)
Interest income		528			511			2,020			2,064
Income before income taxes		15,439			11,311			43,618			46,607
Income taxes		6,542			4,631			18,237			19,352
Net income	$	8,897		$	6,680		$	25,381		$	27,255
Net income per share(1):
Class A common stock:
Basic	$	.80		$	.60		$	2.28		$	2.46
Diluted	$	.66		$	.49		$	1.88		$	2.02
Class B common stock:
Basic	$	.52		$	.39		$	1.48		$	1.60
Diluted	$	.51		$	.39		$	1.47		$	1.59
Gross profit as a % of sales		27.4	%		27.6	%		27.2	%		27.4	%
Operating and administrative expense as a % of sales		21.4	%		22.5	%		22.3	%		22.2	%

(1) Effective July 26, 2009, net income per share amounts for prior periods have been revised to reflect a new accounting standard requiring share-based awards containing non forfeitable rights to dividends be treated as participating securities.