BASIS OF PRESENTATION and ACCOUNTING POLICIES

9 Months Ended

Apr. 30, 2022

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 30, 2022 and the consolidated statements of operations, comprehensive income and cash flows for the 13 and 39 weeks ended April 30, 2022 and April 24, 2021 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 31, 2021 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 30, 2022 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 30, 2022				April 24, 2021				April 30, 2022				April 24, 2021
	Amount		%		Amount		%		Amount		%		Amount		%
Center Store (1)	$	297,892	59.4	%	$	286,882	59.6	%	$	918,228	59.9	%	$	904,651	60.6	%
Fresh (2)	185,757		37.0		176,013		36.6		559,909		36.5		533,622		35.7
Pharmacy	16,761		3.3		16,303		3.4		50,365		3.3		49,406		3.3
Other (3)	1,552		0.3		1,895		0.4		5,079		0.3		6,368		0.4

Total Sales	$	501,962	100.0	%	$	481,093	100.0	%	$	1,533,581	100.0	%	$	1,494,047	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 service fees related to digital sales, gift card and lottery commissions and wholesale sales.