VILLAGE SUPER MARKET Business Summary

Village Super Market Inc. (VLGEA) operates a regional chain of 34 ShopRite supermarkets, five Fairway Markets, and three Gourmet Garage specialty locations across New Jersey, New York, Maryland, and Pennsylvania. As a principal member of the Wakefern Food Corp. cooperative, the company generates revenue through the retail sale of food and non-food products, leveraging the cooperative's massive purchasing power and centralized distribution. Its business model is centered on high-volume retail grocery operations, with a significant recent pivot toward digital commerce, which achieved a 15% same-store sales increase in the second quarter of fiscal 2026. The company competes directly with regional and national peers such as Weis Markets (WMK), Ingles Markets (IMKTA), Kroger (KR), and Natural Grocers (NGVC), positioning itself as a localized, family-controlled alternative that integrates high-end specialty banners with the scale of a major cooperative. Founded in 1937 by brothers Nicholas and Perry Sumas, the company is currently led by the third generation of the founding family following a strategic leadership transition in December 2024. John J. Sumas serves as Chief Executive Officer, having previously held roles as General Counsel and Chief Operating Officer since joining the firm in 1987. Nicholas J. Sumas II serves as President and Chairman of the Board, bringing extensive experience as the former Chief Marketing Officer and a current executive officer at Wakefern Food Corp. The executive team is supported by CFO and Treasurer John Van Orden and Senior Advisor Robert P. Sumas. As a "controlled company," the Sumas family maintains approximately 61.8% of the total voting power through a dual-class stock structure, while major institutional stakeholders include The Vanguard Group and BlackRock.