UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington D.C. 20549
                                   FORM 10-Q

                 Quarterly report pursuant to Section 13 or 15(d)
                       of the Securities Exchange Act of 1934

                 For the Quarterly period ended January 27, 2001

                        Commission file number 1-5745-1

                              FOODARAMA SUPERMARKETS, INC.
                 -------------------------------------------------
               (Exact name of Registrant as specified in its charter)

                   New Jersey                           21-0717108
               -------------------------------        -----------------
            (State or other jurisdiction of        (I.R.S. Employer
             incorporation or organization)         identification No.)

                          922 Highway 33, Freehold, N.J. 07728
                       -----------------------------------------
                   (Address of principal executive offices)

                             Telephone #732-462-4700
                           ---------------------------
                 (Registrant's telephone number, including area code)

            Indicate  by check mark  whether  the  Registrant  (1) has filed all
            reports  required  to be  filed  by  Section  13  or  15(d)  of  the
            Securities  Exchange Act of 1934 during the  preceding 12 months and
            (2) has been  subject  to the filing  requirements  for at least the
            past 90 days.

                                    Yes X      No
                                      ------ ------

            Indicate  the number of shares  outstanding  of each of the issuer's
            classes of common stock,  as of the close of the latest  practicable
            date.

                                                    OUTSTANDING AT
            CLASS                                    March 2, 2001
         ------------                               ---------------

         Common Stock                               1,117,290 shares
         $1 par value

<PAGE>



                          FOODARAMA SUPERMARKETS, INC.

                 PART I.   FINANCIAL INFORMATION
                     Item 1.       Financial Statements

                                   Unaudited Consolidated Condensed Balance
                                   Sheets January 27, 2001 and October 28, 2000

                                   Unaudited  Consolidated Condensed Statements
                                   of Operations  for the thirteen  weeks ended
                                   January 27, 2001 and January 29, 2000

                                   Unaudited  Consolidated Condensed Statements
                                   of Cash Flows for the  thirteen  weeks ended
                                   January 27, 2001 and January 29, 2000

                                   Notes to the Unaudited Consolidated Condensed
                                   Financial Statements

                     Item 2.       Management's Discussion and Analysis of
                                   Financial Condition and Results of Operations

                 PART II.  OTHER INFORMATION
                     Item 6.       Exhibits and Reports on Form 8-K

Disclosure Concerning Forward-Looking Statements

All statements,  other than statements of historical fact, included in this Form
10-Q, including without limitation the statements under "Management's Discussion
and Analysis of Financial  Condition and Results of Operations",  are, or may be
deemed to be, "forward-looking  statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended (the  "Securities  Act"), and Section 21E
of the Securities  Exchange Act of 1934, as amended (the "Exchange  Act").  Such
forward-looking  statements  involve  assumptions,   known  and  unknown  risks,
uncertainties and other factors which may cause the actual results,  performance
or achievements  of Foodarama  Supermarkets,  Inc. (the "Company",  which may be
referred  to as we,  us or our)  to be  materially  different  from  any  future
results,   performance   or   achievements   expressed   or   implied   by  such
forward-looking statements contained in this Form 10-Q. Such potential risks and
uncertainties,  include  without  limitation,  competitive  pressures from other
supermarket  operators and  warehouse  club stores,  economic  conditions in the
Company's primary markets, consumer spending patterns,  availability of capital,
cost of labor,  cost of goods sold including  increased costs from the Company's
cooperative  supplier,  Wakefern Food Corporation  ("Wakefern"),  and other risk
factors  detailed  herein and in other of the Company's  Securities and Exchange
Commission filings.  The  forward-looking  statements are made as of the date of
this  Form  10-Q  and  the  Company   assumes  no   obligation   to  update  the
forward-looking  statements or to update the reasons actual results could differ
from those projected in such forward-looking statements.
                                       2
<PAGE>

PART I FINANCIAL INFORMATION


FOODARAMA SUPERMARKETS, INC. AND SUBSIDIARIES
Consolidated Condensed Balance Sheets
(in thousands)
                                               January 27,       October 28,
                                                  2001              2000
                                               (Unaudited)           (1)
ASSETS

Current assets:
 Cash and cash equivalents                      $ 9,683               $ 3,977
 Merchandise inventories                         43,622                42,765
 Receivables and other current assets             5,475                 4,959
 Prepaid income taxes                              -                      398
 Related party receivables - Wakefern             5,358                 8,557
 Related party receivables - other                   49                    15
                                               --------                -------

                                                 64,187                60,671
                                               --------                -------

Property and equipment:
 Land                                               308                   308
 Buildings and improvements                       1,220                 1,220
 Leasehold improvements                          37,092                36,931
 Equipment                                       97,566                96,452
 Property under capital leases                   59,909                59,909
 Construction in progress                         1,619                 1,513
                                              ----------              -------

                                                197,714               196,333
 Less accumulated depreciation and
  amortization                                   90,542                87,487
                                               ---------              -------

                                                107,172               108,846
                                               ---------              -------

Other assets:
 Investments in related parties                  12,758                12,758
 Intangibles                                      3,399                 3,487
 Other                                            3,200                 3,469
 Related party receivables - Wakefern             1,838                 1,782
 Related party receivables - other                  181                   172
                                                --------               ------
                                                 21,376                21,668
                                                -------               -------

                                               $192,735              $191,185
                                               ========              ========

                                                                     (continued)

(1) Derived  from the Audited  Consolidated  Financial  Statements  for the year
ended October 28, 2000.

See accompanying notes to consolidated condensed financial statements.

                                       3
<PAGE>

FOODARAMA SUPERMARKETS, INC. AND SUBSIDIARIES
Consolidated Condensed Balance Sheets
(in thousands except share data)
                                               January 27,       October 28,
                                                 2001                2000
                                               (Unaudited)           (1)
LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
 Current portion of long-term debt            $   4,602          $   4,918
 Current portion of long-term debt,
  related party                                     891                880
 Current portion of obligations under
  capital leases                                    706                664
 Current income taxes payable                       181                  -
 Deferred income tax liability                    1,114              1,114
 Accounts payable:
  Related party-Wakefern                         39,484             34,051
  Others                                          7,766              7,781
 Accrued expenses                                11,700             12,478
                                              ---------          ---------

                                                 66,444             61,886
                                              ----------         ----------

Long-term debt                                   20,179             24,181
Long-term debt, related party                     1,987              2,212
Obligations under capital leases                 55,649             55,848
Deferred income taxes                             2,767              2,585
Other long-term liabilities                       7,119              7,051
                                              ----------         ----------

                                                 87,701             91,877
                                              ----------         ----------

Shareholders' equity:
 Common stock, $1.00 par; authorized
  2,500,000 shares; issued 1,621,767
  shares; outstanding 1,117,290 shares            1,622              1,622
 Capital in excess of par                         2,351              2,351
 Retained earnings                               41,246             40,078
                                              ----------         ----------

                                                 45,219             44,051
 Less 504,477 shares held
  in treasury, at cost                            6,629              6,629
                                              ----------         ----------

                                                 38,590             37,422
                                              ----------         ----------

                                              $ 192,735          $ 191,185
                                              ==========         ==========



(1) Derived  from the Audited  Consolidated  Financial  Statements  for the year
    ended October 28, 2000.

See accompanying notes to consolidated condensed financial statements.

                                       4
<PAGE>

FOODARAMA SUPERMARKETS, INC. AND SUBSIDIARIES
Consolidated Condensed Statements of Operations - Unaudited
(in thousands - except share data)

                                                    13 Weeks Ended

                                                January 27,     January 29,
                                                    2001           2000
                                               -------------  -------------

Sales                                           $ 238,594       $ 211,541

Cost of merchandise sold                          180,493         161,073
                                                ----------      ----------

Gross profit                                       58,101          50,468

Operating, general and
 administrative expenses                           54,149          47,865
                                                -----------     -----------

Income from operations                              3,952           2,603
                                                -----------     -----------

Other (expense) income:
  Interest expense                                 (2,083)         (1,374)
  Interest income                                      79              78
                                                -----------     -----------

                                                   (2,004)         (1,296)
                                                -----------     -----------
Earnings before income tax provision                1,948           1,307

Income tax provision                                 (780)           (523)
                                                ----------      -----------

Net income                                      $   1,168       $     784
                                                ==========      ===========

Per share information:

Net income per common share, basic
 and diluted                                    $    1.05       $     .70
                                                ==========      ==========

Weighted average number of common
  shares outstanding                            1,117,290       1,117,290
                                                ==========      ==========

Dividends per common share                         -0-              -0-
                                               ==========      ==========



See accompanying notes to consolidated condensed financial statements.


                                       5

<PAGE>
FOODARAMA SUPERMARKETS, INC. AND SUBSIDIARIES
Consolidated Condensed Statements of Cash Flows - Unaudited (in thousands)

                                                       13 Weeks Ended
                                                 January 27,     January 29,
                                                   2001             2000
                                                -------------    --------------

Cash flows from operating activities:
  Net income                                     $   1,168          $   784
  Adjustments to reconcile net income to
   net cash provided by operating activities:
    Depreciation                                     3,056            2,692
    Amortization, intangibles                           88               88
    Amortization, deferred financing costs              64               71
    Amortization, deferred rent escalation             (15)              21
    Provision to value inventory at LIFO               142              166
    Deferred income tax (benefit)                      182             (186)
    (Increase) decrease in
      Merchandise inventories                         (999)          (2,201)
      Receivables and other current assets            (516)             220
      Prepaid income taxes                             398                -
      Other assets                                     213            1,046
      Related party receivables-Wakefern             3,143            3,547
    Increase (decrease) in
      Accounts payable                               5,418            8,738
      Income taxes payable                             181             (342)
      Other liabilities                               (695)             503
                                                 ----------         --------
                                                    11,828           15,147
                                                 ----------         --------
Cash flows from investing activities:
  Cash paid for the purchase of property
   and equipment                                    (1,284)            (756)
  Cash paid for construction in progress              (106)          (6,191)
  (Increase) decrease in related party
   receivables-other                                   (43)               8
                                                 -----------        --------
                                                    (1,433)          (6,939)
                                                 -----------        --------
Cash flows from financing activities:
  Proceeds from issuance of debt                         -           11,400
Principal payments under long-term debt             (4,318)         (15,498)
  Principal payments under capital
   lease obligations                                  (157)            (119)
  Principal payments under long-term
   debt, related party                                (214)            (126)
  Deferred financing costs                               -             (877)
                                                 ----------         --------
                                                    (4,689)          (5,220)
                                                 ----------         --------

NET CHANGE IN CASH AND CASH EQUIVALENTS              5,706            2,988

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD       3,977            4,094
                                                 ----------         ---------

CASH AND CASH EQUIVALENTS, END OF PERIOD         $   9,683          $ 7,082
                                                 ==========         =========

See accompanying notes to consolidated condensed financial statements.
                                       6
<PAGE>

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Unaudited)

Note 1    Basis of Presentation

The  unaudited  Consolidated  Condensed  Financial  Statements  as of or for the
period ending January 27, 2001,  have been prepared in accordance with generally
accepted  accounting  principles for interim financial  information and with the
instructions to Form 10-Q and rule 10-01.  The balance sheet at October 28, 2000
has been taken  from the  audited  financial  statements  at that  date.  In the
opinion of the management of the Company,  all adjustments  (consisting  only of
normal   recurring   accruals)  which  are  considered   necessary  for  a  fair
presentation of the results of operations for the period have been made. Certain
financial  information and footnote  disclosures  normally included in financial
statements prepared in accordance with generally accepted accounting  principles
have been  condensed  or omitted.  The reader is  referred  to the  consolidated
financial  statements and notes thereto  included in the Company's annual report
on Form 10-K for the year ended October 28, 2000.

At both January 27, 2001 and October 28, 2000,  approximately 82% of merchandise
inventories  are valued by the  Last-In-First-Out  ("LIFO")  method of inventory
valuation while the balance of inventories are valued by the  First-In-First-Out
("FIFO")  method.  If the FIFO  method had been used for the  entire  inventory,
inventories  would have been  $865,000  and  $723,000  higher  than  reported at
January 27, 2001 and October 28, 2000, respectively.

Certain  reclassifications  have been made to prior year financial statements in
order to conform to the current year presentation.

These  results  are not  necessarily  indicative  of the  results for the entire
fiscal year.


Note 2   Adoption of New Accounting Standards

Accounting for Certain Sales Incentives

Effective  October 29, 2000 the Company  adopted the Emerging  Issues Task Force
Issue No. 00-14 ("EITF 00-14"),  "Accounting for Certain Sales Incentives." EITF
00-14 provides  guidance on the accounting for certain sales incentives  offered
by companies to their customers,  such as discounts,  coupons,  rebates and free
products  or  services.  In  accordance  with the  provisions  of EITF 00-14 the
Company recorded those sales incentives  covered by EITF 00-14 as a reduction of
sales,  resulting  in  a  corresponding  reduction  in  operating,  general  and
administrative  expenses, with no impact on the Company's net income. Prior year
amounts have been  reclassified  to conform with the current year  presentation.
Sales  incentives,  relating  to  this  change  in  presentation,   amounted  to
$5,472,000  and  $4,681,000  for the quarters ended January 27, 2001 and January
29, 2000, respectively.

Accounting for Derivative Instruments and Hedging Activities

Effective October 29, 2000 the Company adopted Statement of Financial Accounting
Standards No. 133 ("SFAS  133"),  "Accounting  for  Derivative  Instruments  and
Hedging  Activities."  This  Statement  establishes   accounting  and  reporting
standards for derivative  instruments,  including certain derivative instruments
embedded in other contracts, and for hedging activities. SFAS 133 requires the

                                       7
<PAGE>

recognition  of all  derivatives  as either assets or liabilities on the balance
sheet and  measures  those  instruments  at fair  value.  The  Company  does not
currently  engage in any hedging  activity or hold any  derivative  instruments.
Therefore,  there was no significant impact from adopting the provisions of SFAS
133 in the quarter ended January 27, 2001.

Revenue Recognition in Financial Statements

Effective  October 29, 2000 the Company  adopted  the  Securities  and  Exchange
Commission Staff Accounting Bulletin No. 101 ("SAB 101"),  "Revenue  Recognition
in Financial  Statements." This bulletin provides additional guidance on revenue
recognition  as well as criteria  for when  revenue is  generally  realized  and
earned  and also  requires  the  deferral  of  incremental  costs.  There was no
significant  impact from adopting the provisions of SAB 101 in the quarter ended
January 27, 2001.


Part I - Item 2  Management's Discussion and Analysis of Financial
Condition and Results of Operations

Financial Condition and Liquidity

The Company is a party to a Second  Amended and  Restated  Revolving  Credit and
Term Loan Agreement (the "Credit Agreement") with three financial  institutions.
The Credit Agreement is secured by substantially all of the Company's assets and
provided  for a total  commitment  of up to  $55,000,000,  including a revolving
credit facility (the "Revolving  Note") of up to $25,000,000,  a term loan ("the
Term Loan") in the amount of  $10,000,000  and a capital  expenditures  facility
(the "Capex Facility") of up to $20,000,000.  As of January 27, 2001 the Company
owed $8,000,000 on the Term Loan and $7,757,628  under the Capex  Facility.  The
Term Loan is to be paid in  quarterly  principal  payments of  $500,000  through
December 31, 2004. The revolving  credit facility also matures December 31, 2004
and  the  Capex  facility  provides  for the  payment  of  interest  only on its
outstanding  balance,  an unused facility fee of .50% for the first two years of
this loan and fixed quarterly  principal  payments  thereafter  based on a seven
year  amortization  schedule  with a balloon  payment  due  December  31,  2004.
Interest  rates  float on the  revolving  credit  facility,  Term Loan and Capex
Facility  at  the  Base  Rate  (defined   below)  plus  .50%,   .75%  and  .75%,
respectively.  The Base Rate is the rate  which is the  greater  of (i) the bank
prime loan rate as published  by the Board of  Governors of the Federal  Reserve
System, or (ii) the Federal Funds rate, plus .50%. Additionally, the Company has
the ability to use the London  Interbank  Offered Rate  ("LIBOR")  plus 2.50% to
determine  the interest  rate on the  revolving  credit  facility and LIBOR plus
2.75% to determine  the interest rate on the Term Loan and Capex  Facility.  The
Credit  Agreement  contains  certain  affirmative and negative  covenants which,
among other matters,  will (i) restrict  capital  expenditures and the amount of
additional indebtedness that the Company may incur, (ii) require the maintenance
of  certain  levels  of  earnings  before  interest,   taxes,  depreciation  and
amortization  less rent  payments for  capitalized  lease  locations  ("Adjusted
EBITDA")  and (iii)  require debt  service  coverage  and leverage  ratios to be
maintained.
                                       8

<PAGE>

The Company's  compliance  with the major  financial  covenants under the Credit
Agreement was as follows as of January 27, 2001:

                                                    Actual
Financial                 Credit                   (As defined in the
Covenant                  Agreement                 Credit Agreement)
---------                 ---------                ---------------------
Adjusted EBITDA (1)      Greater than $13,500,000      $ 19,545,000
Leverage Ratio (1)       Less than 3.5 to 1.00         1.42 to 1.00
Debt Service Coverage
 Ratio                   Greater than 1.20 to 1.00     1.47 to 1.00
Adjusted Capex (2)       Less than $9,250,000 (3)      $  1,284,000 (4)
Store Project Capex      Less than $29,096,000 (3)     $    106,000 (4)

(1) Excludes  obligations  under  capitalized  leases and  interest  expense and
    depreciation expense attributable to capitalized leases.
(2) Adjusted Capex is all capital expenditures other than New/Replacement Store
    Project Capex.
(3) Represents limitations on capital expenditures for fiscal 2001.
(4) Represents capital expenditures for the quarter ended January 27, 2001.

No cash dividends have been paid on the Common Stock since 1979, and the Company
has no present  intentions or ability to pay any dividends in the near future on
its Common Stock.  The Credit  Agreement does not permit the payment of any cash
dividends on our Common Stock.

Working Capital

At January 27, 2001, the Company had a working capital  deficiency of $2,257,000
compared to  deficiencies  of $1,215,000  at October 28, 2000 and  $6,743,000 at
January  29,  2000.  Cash and cash  equivalents  improved  as the  result of the
collection of the fiscal 2000 patronage  dividend  receivable  from Wakefern and
the  deferral  of accounts  payable  relating to  promotional  programs.  As the
deferred payables are paid in the second quarter, cash and cash equivalents will
return to historical levels.

The Company  normally  requires small amounts of working capital since inventory
is generally sold at  approximately  the same time that payments to Wakefern and
other suppliers are due and most sales are for cash or cash equivalents.

Working capital ratios were as follows:

      January 27, 2001    97 to 1.0
      October 28, 2000   .98 to 1.0
      January 29, 2000   .89 to 1.0

Cash flows (in millions) were as follows:

                                 Thirteen Weeks Ended
                           1/27/01                 1/29/00

Operating activities...    $11.8                  $ 15.1
Investing activities...     (1.4)                   (6.9)
Financing activities...     (4.7)                   (5.2)
                           ------                   -----

       Totals              $ 5.7                   $ 3.0
                           ======                  ======

                                       9
<PAGE>

The Company had $21,700,000 of available  credit, at January 27, 2001, under its
revolving credit facility. The amounts available under the Credit Agreement will
adequately meet our operating  needs,  scheduled  capital  expenditures and debt
service for fiscal 2001.

For the 13 weeks ended  January  27,  2001  depreciation  was  $3,056,000  while
capital expenditures  totaled $1,390,000,  compared to $2,692,000 and $6,947,000
respectively  in the prior year  period.  The increase in  depreciation  was the
result of the purchase of equipment and leasehold  improvements  for the two new
locations  opened in fiscal 2000,  as well as two  additional  capitalized  real
estate leases. The decline in capital expenditures was due to the acquisition in
fiscal 2000 of equipment and leasehold improvements for the two locations opened
in the second quarter of fiscal 2000 with no comparable  expenditures  in fiscal
2001.


Results of Operations (13  weeks  ended  January  27,  2001 compared to 13 weeks
ended January 29, 2000)

Sales:

Sales for the  current  period  totaled  $238.6  million as  compared  to $211.5
million in the prior year  period.  Same store  sales from the twenty  stores in
operation in both periods increased 3.5%.

Sales for the current  quarter  included  the  operations  of two new  locations
opened in February and April 2000. The location opened in April 2000 replaced an
older, smaller store.

Gross Profit:

Gross profit as a percent of sales increased to 24.4% of sales compared to 23.9%
in the prior year  period.  Patronage  dividends,  applied as a reduction of the
cost of merchandise  sold, were $1.6 million in the current year period compared
to $1.4 million in the prior year period.  Gross profit as a percentage of sales
increased  primarily as a result of improved product mix and the contribution of
the two new locations.

Operating Expenses:

Operating,  general and administrative expenses as a percent of sales were 22.7%
versus 22.6% in the prior year period.  The increase in  operating,  general and
administrative  expenses as a percent of sales was primarily due to increases in
certain  expense  categories as a percentage of sales. As a percentage of sales,
labor and related fringe  benefits  increased  .49%,  occupancy  increased .05%,
other store expenses,  which included  Wakefern  support services and sanitation
expense,  increased  .09% and supplies  increased  .05%.  These  increases  were
partially   offset  by   decreases  in  selling   expense  of  .16%,   corporate
administrative  expense of .24% and pre-opening costs of .17%. Pre-opening costs
were for the new Branchburg, New Jersey store opened in February 2000.

                                       10

<PAGE>

Interest Expense:

Interest expense increased to $2,083,000 from $1,374,000,  while interest income
was  $79,000  compared  to $78,000 for the prior year  period.  The  increase in
interest  expense for the current  year period was due to an increase in average
outstanding debt,  including  increased  capitalized lease  obligations,  and an
increase in the average interest rate paid on debt.

Income Taxes:

An income  tax rate of 40% has been  used in both the  current  and  prior  year
periods based on the expected effective tax rates.

Net Income:

Net income was $1,168,000 in the current year period compared to $784,000 in the
prior  year  period.   Earnings  before   interest,   taxes,   depreciation  and
amortization  ("EBITDA") for the current  period were  $7,145,000 as compared to
$5,475,000 in the prior year period. Net income per common share, both basic and
diluted,  was $1.05 in the  current  period  compared  to $.70 in the prior year
period. Per share calculations are based on 1,117,290 shares outstanding in both
periods.


                                       11


<PAGE>


                                     PART II


OTHER INFORMATION



           Item 6.  Exhibits and Reports on Form 8-K
               (a)  Exhibits:

                          Exhibit (27) - Financial Data Schedule

               (b)  Reports on Form 8-K
                       December 4, 2000 - Foodarama Supermarkets, Inc. issues
                       a press release discussing the bankruptcy filing of
                       Big V Supermarkets, Inc., a member of Wakefern Food
                       Corporation - press release dated November 29, 2000
                       filed as an exhibit.

                                       12
<PAGE>





                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly  caused  this  report  to be signed  on its  behalf by the  undersigned
thereunto duly authorized.


                                               FOODARAMA SUPERMARKETS, INC.
                                                      (Registrant)


Date:  March 9, 2001                           /S/    MICHAEL SHAPIRO
                                               -----------------------------
                                                      (Signature)
                                              Michael Shapiro
                                              Senior Vice President
                                              Chief Financial Officer


Date:  March 9, 2001                           /S/   THOMAS H. FLYNN
                                               ----------------------------
                                                      (Signature)
                                               Thomas H. Flynn
                                               Director of Accounting
                                               Principal Accounting Officer





                                       13


<PAGE>