Company profile

Ticker
VLGEA
Exchange
CEO
Robert Sumas
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
221576170

VLGEA stock data

(
)

Calendar

4 Jun 19
22 Aug 19
27 Jul 20

News

Company financial data Financial data

Quarter (USD) Apr 19 Jan 19 Oct 18 Jul 18
Revenue 395.46M 428.13M 401.55M
Net income 4.97M 7.57M 6.27M 6.01M
Net profit margin 1.26% 1.77% 1.56%
Operating income 6.69M 10.68M 8.92M 9.25M
Net change in cash -4.4M 19.7M -7.27M 9.66M
Cash on hand 104.13M 108.53M 88.83M 96.11M
Cost of revenue 284.85M 310.39M 289.44M 300.05M
Annual (USD) Jul 15 Jul 14
Revenue 1.58B 1.52B
Net income 30.62M 5.05M
Net profit margin 1.93% 0.33%
Operating income 43.53M 29.83M
Net change in cash -18.31M
Cash on hand 59.04M 77.35M
Cost of revenue 1.15B 1.11B

Financial data from company earnings reports

Financial report summary

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Competition
TargetGiantSafewayCostcoTarget
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.
Content analysis ?
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H.S. freshman Avg
New words: exceeded, fall, leverage, reinvested, shift, sum, winter
Removed: growth, recently, remodeled, week