Ingles Earnings Reports

Ingles Markets reported a decrease in net sales to $1.29 billion, a 13.0% decrease compared to the previous year. Net income decreased to $16.6 million, with basic earnings per share for Class A Common Stock at $0.89.

Ingles Markets, Incorporated reported a decrease in net sales and a net loss for the fourth quarter of fiscal year 2024, primarily due to the impact of Hurricane Helene. Net sales decreased to $1.40 billion from $1.58 billion, and the company reported a net loss of $1.5 million compared to a net income of $52.6 million in the same quarter last year.

Ingles Markets reported net sales of $1.39 billion for the quarter ended June 29, 2024, compared to $1.43 billion for the quarter ended June 24, 2023. Net income totaled $31.7 million for the third quarter of fiscal 2024, as compared with $48.3 million for the third quarter of fiscal 2023.

Ingles Markets reported a slight decrease in net sales and a significant decrease in net income for the first quarter of fiscal year 2024. Net sales totaled $1.48 billion, a decrease of 0.8% compared to the previous year. Net income totaled $43.4 million, down from $69.4 million in the first quarter of fiscal year 2023.

Ingles Markets, Incorporated reported a net sales increase to $1.58 billion compared to $1.45 billion for the quarter ended September 24, 2022. Net income totaled $52.6 million for the quarter, compared to $70.2 million for the same quarter last year. Basic earnings per share for Class A Common Stock were $2.83, compared to $3.78 last year.

Ingles Markets reported a decrease in net sales and net income for the third quarter of fiscal 2023. Net sales decreased to $1.43 billion from $1.46 billion, and net income decreased to $48.3 million from $67.8 million in the same quarter last year.

Ingles Markets reported a slight increase in net sales for the second quarter of fiscal 2023, but experienced a decrease in net income and earnings per share compared to the previous year. The company highlighted its efforts to provide affordable, high-quality products in an inflationary environment.

Ingles Markets reported a strong first quarter with net sales reaching $1.49 billion, a 7.3% increase compared to the previous year. Net income also increased to $69.4 million, up from $66.2 million in the same quarter last year.

Ingles Markets reported net sales of $1.45 billion for the quarter ended September 24, 2022, compared to $1.34 billion for the quarter ended September 25, 2021. Net income totaled $70.2 million for the quarter ended September 24, 2022, compared to $71.7 million for the quarter ended September 25, 2021.

Ingles Markets reported net sales of $1.46 billion for the quarter ended June 25, 2022, compared to $1.28 billion for the quarter ended June 26, 2021. Net income totaled $67.8 million, compared to $72.0 million for the same quarter last year. The decrease in net income is attributed to rising fuel and food costs, supply chain issues, and a competitive labor market.

For the quarter ended March 26, 2022, net sales totaled $1.38 billion, an increase of 16.3% compared to the quarter ended March 27, 2021. Net income totaled $68.6 million, compared to $52.2 million for the same period in the prior year.

Ingles Markets reported a strong first quarter with net sales reaching $1.39 billion, a 16.9% increase compared to the previous year. Net income also increased to $66.2 million, up from $53.8 million in the same quarter last year. The company's performance was driven by good sales during the Thanksgiving and Christmas period, despite supply chain disruptions.

Ingles Markets, Incorporated reported an 11.6% increase in net sales and an increase in net income for the quarter ended September 25, 2021, compared to the quarter ended September 26, 2020.

Ingles Markets reported net sales of $1.28 billion for the quarter ended June 26, 2021, representing a 7.4% increase compared to the quarter ended June 27, 2020. Net income for the quarter totaled $72.0 million, compared to $62.8 million for the same period last year.

Ingles Markets reported a net sales increase of 3.4% and a net income increase for the quarter ended March 27, 2021.

Ingles Markets reported a strong first quarter in fiscal year 2021, with net sales reaching $1.19 billion, a 10.4% increase compared to the previous year, and net income totaling $53.8 million, significantly higher than the $17.7 million reported in the same quarter of the previous year.

Ingles Markets, Incorporated reported an increase in net sales to $1.20 billion for the quarter ended September 26, 2020, representing an 11.3% increase compared to the previous year. Net income for the quarter totaled $57.9 million, significantly higher than the $20.9 million reported in the same quarter of the previous year.

Ingles Markets reported a net sales increase of 12.0% and a significant rise in net income for the third quarter of fiscal year 2020, driven by heightened demand during the COVID-19 pandemic.

Ingles Markets reported a strong second quarter with net sales reaching $1.14 billion, a notable increase from $1.00 billion in the same quarter of the previous year. Net income also saw a significant rise, totaling $40.3 million compared to $15.0 million in the second quarter of fiscal year 2019.

Ingles Markets reported a 1.6% increase in total sales for the December 2019 quarter, reaching $1.08 billion. However, net income decreased to $17.7 million due to $3.7 million of refinancing costs. Comparable store sales, excluding gasoline, increased 2.4%.