BASIS OF PRESENTATION and ACCOUNTING POLICIES

3 Months Ended

Oct. 24, 2020

BASIS OF PRESENTATION and ACCOUNTING POLICIES

In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of normal and recurring accruals) necessary to present fairly the consolidated financial position as of October 24, 2020 and the consolidated statements of operations, comprehensive income and cash flows for the 13 weeks ended October 24, 2020 and October 26, 2019 of Village Super Market, Inc. (“Village” or the “Company”).

The significant accounting policies followed by the Company are set forth in Note 1 to the Company's consolidated financial statements in the July 25, 2020 Village Super Market, Inc. Annual Report on Form 10-K, which should be read in conjunction with these financial statements. The results of operations for the period ended October 24, 2020 are not necessarily indicative of the results to be expected for the full year.

Disaggregated Revenues

The following table presents the Company's sales by product categories during each of the periods indicated:


	13 Weeks Ended
		October 24, 2020	October 26, 2019
			Amount		%		Amount		%
Center Store (1)			$	295,940	60.4	%	$	248,057	60.9	%
Fresh (2)			175,644		35.8		140,680		34.5
Pharmacy			16,432		3.4		17,524		4.3
Other (3)			2,120		0.4		1,141		0.3

Total Sales			$	490,136	100.0	%	$	407,402	100.0	%

(1) Consists primarily of grocery, dairy, frozen, health and beauty care, general merchandise and liquor.

(2) Consists primarily of produce, meat, deli, seafood, bakery, prepared foods and floral.

(3) Consists primarily of sales related to other income streams, including ShopRite from Home service fees, gift card and lottery commissions and wholesale sales.