BASIS OF PRESENTATION and ACCOUNTING POLICIES

9 Months Ended

Apr. 24, 2021

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 April 24, 2021 and the consolidated statements of operations, comprehensive income and cash flows for the 13 and 39 weeks ended April 24, 2021 and April 25, 2020 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 periods ended April 24, 2021 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								39 Weeks Ended
	April 24, 2021				April 25, 2020				April 24, 2021				April 25, 2020
	Amount		%		Amount		%		Amount		%		Amount		%
Center Store (1)	$	286,882	59.6	%	$	291,257	63.5	%	$	904,651	60.6	%	$	812,089	62.3	%
Fresh (2)	176,013		36.6		148,489		32.4		533,622		35.7		434,669		33.4
Pharmacy	16,303		3.4		17,252		3.8		49,406		3.3		52,486		4.0
Other (3)	1,895		0.4		1,294		0.3		6,368		0.4		3,872		0.3

Total Sales	$	481,093	100.0	%	$	458,292	100.0	%	$	1,494,047	100.0	%	$	1,303,116	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.