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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q

(Mark One)

[X]
QUARTERLY REPORT UNDER SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period ended: April 30, 2005

OR

[  ]
TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File No. 0-2633

VILLAGE SUPER MARKET, INC.

(Exact name of registrant as specified in its charter)

NEW JERSEY
22-1576170
(State or other jurisdiction of incorporation or organization)
(I. R. S. Employer Identification No.)
   
   
733 MOUNTAIN AVENUE SPRINGFIELD, NEW JERSEY
07081
(Address of principal executive offices)
(Zip Code)
   
(973) 467-2200
(Registrant's telephone number, including area code)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes
X
  
No
 

Indicate by check mark whether the Registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act.)

Yes
 
  
No
X


Indicate the number of shares outstanding of the issuer's classes of common stock as of the latest practicable date:

 
June 6, 2005
   
Class A Common Stock, No Par Value
1,637,950 Shares
Class B Common Stock, No Par Value
1,594,076 Shares




VILLAGE SUPER MARKET, INC.


INDEX


 
PAGE NO.
       
   
       
   
       
   
       
   
       
   
       
   
       
 
       
 
       
 
       
     
       
 
       
       
 
       
   


 
 

2
 
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements
VILLAGE SUPER MARKET, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS
(Dollars in Thousands)
(Unaudited)
   
April 30,
2005
  
July 31,
2004
  
ASSETS
          
Current assets
              
Cash and cash equivalents
  
$
58,858
  
$
36,972
  
Merchandise inventories
    
30,032
    
30,976
  
Patronage dividend receivable
    
3,762
    
5,366
  
Note receivable from related party
    
------
    
20,274
  
Other current assets
    
6,115
    
6,195
  
Total current assets
    
98,767
    
99,783
  
               
Property, equipment and fixtures, net
    
118,869
    
101,143
  
Investment in related party, at cost
    
15,670
    
15,875
  
Goodwill
    
10,605
    
10,605
  
Other assets
    
2,803
    
4,019
  
               
TOTAL ASSETS
  
$
246,714
  
$
231,425
  
               
LIABILITIES AND SHAREHOLDERS' EQUITY
              
Current liabilities
              
Current portion of long-term debt
  
$
6,482
  
$
7,029
  
Current portion of notes payable to related party
    
676
    
712
  
Accounts payable to related party
    
31,827
    
32,858
  
Accounts payable and accrued expenses
    
27,267
    
27,298
  
Total current liabilities
    
66,252
    
67,897
  
               
Long-term debt
    
33,195
    
27,658
  
Notes payable to related party
    
881
    
1,580
  
Other liabilities
    
15,479
    
14,199
  
               
Commitments and Contingencies
              
               
Shareholders' equity
              
Class A common stock - no par value, issued 1,817,550 and 1,762,800 shares on April 30, 2005 and July 31, 2004
    
21,610
    
19,037
  
Class B common stock - no par value, 1,594,076 shares issued & outstanding
    
1,035
    
1,035
  
Retained earnings
    
115,629
    
105,502
  
Accumulated other comprehensive loss
    
( 2,660
)
  
( 2,660
)
Unamortized stock compensation
    
( 2,223
)
  
-------
  
Less cost of Class A treasury shares (179,600 shares at April 30, 2005 and 204,100 shares at July 31, 2004)
    
(2,484
)
  
(2,823
)
               
Total shareholders' equity
    
130,907
    
120,091
  
               
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY
  
$
246,714
  
$
231,425
  

See accompanying Notes to Consolidated Condensed Financial Statements.

3


VILLAGE SUPER MARKET, INC.
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(Dollars in Thousands Except Per Share Amounts)
(Unaudited)


   
13 Wks. Ended Apr. 30, 2005
 
13 Wks. Ended Apr. 24, 2004
 
39 Wks. Ended Apr. 30, 2005
 
39 Wks. Ended Apr. 24, 2004
  
                   
Sales
  
$
237,131
  
$
229,531
  
$
730,475
  
$
698,473
  
                           
Cost of sales
    
173,747
    
170,824
    
541,795
    
520,513
  
                           
Gross profit
    
63,384
    
58,707
    
188,680
    
177,960
  
                           
Operating and administrative expense
    
53,694
    
51,175
    
162,374
    
154,081
  
                           
Depreciation and amortization
    
2,709
    
2,389
    
7,868
    
6,868
  
                           
                           
Operating income
    
6,981
    
5,143
    
18,438
    
17,011