VLGEA Village Super Market Inc

Management Discussion

• Sales.  Sales were $395,458 in the 13 weeks ended April 27, 2019, flat compared to the 13 weeks ended April 28, 2018.  Sales increased due to the opening of the Bronx, New York City store on June 28, 2018 offset by a same store sales decrease of 2.4%. Same store sales decreased due primarily to the impact of three competitor store openings, the early release of Supplemental Nutrition Assistance Program ("SNAP") benefits in January 2019 and a decreased number of winter weather events in the current year. The Company expects same store sales in fiscal 2019 to range from a 1.0% decrease to flat.  
• Sales were $1,225,137 in the 39 weeks ended April 27, 2019, an increase of 2.0% from the 39 weeks ended April 28, 2018. Sales increased due to the opening of the Bronx, New York City store on June 28, 2018 partially offset by a same store sales decrease of .4%. Same store sales decreased due primarily to the impact of three competitor store openings and a decreased number of winter weather events in the current year.
• Although the Company cannot accurately determine the precise impact of inflation or deflation on operations due to changes in product mix, customer buying patterns and competitive factors, we estimate that product prices experienced slight inflation during the 13 and 39 weeks ended April 27, 2019.