SPRINGFIELD, N.J. (AP) - Village Super Market Inc., which runs ShopRites in New Jersey and eastern Pennsylvania, said Thursday its fiscal second-quarter profit grew 25 percent on increased sales and reduced operating expenses.
The company noted that shoppers are continuing to watch how they spending their money due to economic concerns, and have been trading down and buying more items on sale.
Net income rose to $8 million, or 60 cents per Class A share, compared with $6.4 million, or 49 cents per Class A share, a year earlier.
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The company noted that shoppers are continuing to watch how they spending their money due to economic concerns, and have been trading down and buying more items on sale.
Net income rose to $8 million, or 60 cents per Class A share, compared with $6.4 million, or 49 cents per Class A share, a year earlier.
Read the rest of the story....
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