Ingles Markets Inc. Archives - MMR: Mass Market Retailers

Ingles Markets posts financial results

August 3, 2023 by MMR Chairman Robert Ingle II, Ingles Markets Inc., third quarter earnings Leading Headlines, Money

ASHEVILLE, N.C. – Ingles Markets Inc. today reported financial results for the three-month and nine-month periods to June 24. Net sales in its fiscal third quarter declined nearly 1% to $1.43 billion, the company said. Net sales in the fiscal year to date were up about 1% to $4.3 billion. Ingles Markets posted a gross

Ingles Markets posts increased sales, net income

February 2, 2023 by MMR first-quarter earnings, Ingles Markets Inc., regional grocers Leading Headlines, Money, Retail News

ASHEVILLE, N.C. — Ingles Markets Inc. today reported increased sales and net income in its fiscal first quarter. Net sales were up 7.3% to nearly $1.5 billion in the quarter ended December 24, the company said. Its gross profit increased $20.7 million to $371.2 million, or 24.9% of sales. “Ingles had strong performance results for