v3.26.3
LEASES
 12 Months Ended
Jul. 25, 2026
Leases [Abstract]  
LEASES LEASES
Description of Leasing Arrangements
The Company leases 28 retail stores, as well as a commissary, its corporate headquarters and equipment as of July 25, 2026. The majority of initial lease terms range from 20 to 30 years. Most of the Company's leases contain renewal options at increased rents of five years each at the Company's sole discretion. These options enable Village to retain the use of facilities in desirable operating areas.
The composition of total lease cost is as follows:
Years Ended
Classification in the
Consolidated Statements of Operations		July 25,
2026		July 26,
2025		July 27,
2024
Operating lease costOperating and administrative expense$36,798 $36,075 $36,989 
Finance lease cost:
Amortization of leased assetsDepreciation and amortization expense947 947 947 
Interest on lease liabilitiesInterest expense1,621 1,719 1,802 
Variable lease costOperating and administrative expense25,410 21,423 22,044 
Total lease cost$64,776 $60,164 $61,782 
As of July 25, 2026 and July 26, 2025, finance lease right-of-use assets of $8,070 and $9,017, respectively, are included in property, equipment and fixtures, net in the Company's consolidated balance sheets. Maturities of operating and finance lease liabilities, including options to extend lease terms that are reasonably certain of being exercised, as of July 25, 2026 are as follows:
Operating
Leases		Finance
Leases		Total
Fiscal 2027$33,413 $2,657 $36,070 
Fiscal 202835,330 2,893 38,223 
Fiscal 202934,195 2,893 37,088 
Fiscal 203032,512 3,046 35,558 
Fiscal 203131,085 3,135 34,220 
Thereafter161,628 11,326 172,954 
Total lease payments328,163 25,950 354,113 
Less amount representing interest79,446 7,943 87,389 
Present value of lease liabilities$248,717 $18,007 $266,724 
The Company has no future payment obligations related to lease agreements that have not yet commenced but have been executed as of July 25, 2026.
As of July 25, 2026, the Company's lease terms and discount rates are as follows:
July 25,
2026		July 26,
2025
Weighted-average remaining lease term (years)
Operating leases11.712.1
Finance leases9.710.6
Weighted-average discount rate
Operating leases4.6 %4.5 %
Finance leases8.6 %8.6 %
Supplemental cash flow information related to leases is as follows:
Years Ended
July 25,
2026		July 26,
2025		July 27,
2024
Cash paid for amounts in the measurement of lease liabilities:
Operating cash flows from operating leases$36,043 $35,303 $35,618 
Operating cash flows from finance leases1,621 1,719 1,802 
Financing cash flows from finance leases1,305 1,138 887 
Lease obligations obtained in exchange for right-of-use assets (non-cash)10,633 13,918 12,727 
Related Party Leases
The Company leases a supermarket from a realty firm 30% owned by certain Village officers and members of the Board of Directors. The Company paid rent to related parties under this lease of $812, $735 and $735 in fiscal 2026, 2025 and 2024, respectively, and has a related lease obligation of $9,140 as of July 25, 2026. This lease was extended in fiscal 2026 and expires in fiscal 2041, with options to extend at increasing annual rent.
The Company has ownership interests in four real estate partnerships. Village paid aggregate rents to three of these partnerships for leased stores of $2,223, $2,159 and $1,827 in fiscal 2026, 2025 and 2024, respectively, and has related aggregate lease obligations of $14,279 as of July 25, 2026.
One of these partnerships is a variable interest entity, which is not consolidated as Village is not the primary beneficiary. This partnership owns one property, a stand-alone supermarket leased to the Company since 1974. Village is a general partner entitled to 33% of the partnership's profits and losses.
LEASES LEASES
Description of Leasing Arrangements
The Company leases 28 retail stores, as well as a commissary, its corporate headquarters and equipment as of July 25, 2026. The majority of initial lease terms range from 20 to 30 years. Most of the Company's leases contain renewal options at increased rents of five years each at the Company's sole discretion. These options enable Village to retain the use of facilities in desirable operating areas.
The composition of total lease cost is as follows:
Years Ended
Classification in the
Consolidated Statements of Operations		July 25,
2026		July 26,
2025		July 27,
2024
Operating lease costOperating and administrative expense$36,798 $36,075 $36,989 
Finance lease cost:
Amortization of leased assetsDepreciation and amortization expense947 947 947 
Interest on lease liabilitiesInterest expense1,621 1,719 1,802 
Variable lease costOperating and administrative expense25,410 21,423 22,044 
Total lease cost$64,776 $60,164 $61,782 
As of July 25, 2026 and July 26, 2025, finance lease right-of-use assets of $8,070 and $9,017, respectively, are included in property, equipment and fixtures, net in the Company's consolidated balance sheets. Maturities of operating and finance lease liabilities, including options to extend lease terms that are reasonably certain of being exercised, as of July 25, 2026 are as follows:
Operating
Leases		Finance
Leases		Total
Fiscal 2027$33,413 $2,657 $36,070 
Fiscal 202835,330 2,893 38,223 
Fiscal 202934,195 2,893 37,088 
Fiscal 203032,512 3,046 35,558 
Fiscal 203131,085 3,135 34,220 
Thereafter161,628 11,326 172,954 
Total lease payments328,163 25,950 354,113 
Less amount representing interest79,446 7,943 87,389 
Present value of lease liabilities$248,717 $18,007 $266,724 
The Company has no future payment obligations related to lease agreements that have not yet commenced but have been executed as of July 25, 2026.
As of July 25, 2026, the Company's lease terms and discount rates are as follows:
July 25,
2026		July 26,
2025
Weighted-average remaining lease term (years)
Operating leases11.712.1
Finance leases9.710.6
Weighted-average discount rate
Operating leases4.6 %4.5 %
Finance leases8.6 %8.6 %
Supplemental cash flow information related to leases is as follows:
Years Ended
July 25,
2026		July 26,
2025		July 27,
2024
Cash paid for amounts in the measurement of lease liabilities:
Operating cash flows from operating leases$36,043 $35,303 $35,618 
Operating cash flows from finance leases1,621 1,719 1,802 
Financing cash flows from finance leases1,305 1,138 887 
Lease obligations obtained in exchange for right-of-use assets (non-cash)10,633 13,918 12,727 
Related Party Leases
The Company leases a supermarket from a realty firm 30% owned by certain Village officers and members of the Board of Directors. The Company paid rent to related parties under this lease of $812, $735 and $735 in fiscal 2026, 2025 and 2024, respectively, and has a related lease obligation of $9,140 as of July 25, 2026. This lease was extended in fiscal 2026 and expires in fiscal 2041, with options to extend at increasing annual rent.
The Company has ownership interests in four real estate partnerships. Village paid aggregate rents to three of these partnerships for leased stores of $2,223, $2,159 and $1,827 in fiscal 2026, 2025 and 2024, respectively, and has related aggregate lease obligations of $14,279 as of July 25, 2026.
One of these partnerships is a variable interest entity, which is not consolidated as Village is not the primary beneficiary. This partnership owns one property, a stand-alone supermarket leased to the Company since 1974. Village is a general partner entitled to 33% of the partnership's profits and losses.