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Dec 28, 2024
Ingles Q1 2025 Earnings Report
Reported results for the first quarter of fiscal 2025.
Key Takeaways
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.
Net sales totaled $1.29 billion, a decrease of 13.0% compared to the previous year's $1.48 billion.
Gross profit was $301.1 million, representing 23.4% of sales.
Net income was $16.6 million compared to $43.4 million in the first quarter of fiscal 2024.
Basic earnings per share for Class A Common Stock were $0.89, and diluted earnings per share were $0.87.
Forward Guidance
The Company believes its financial resources will be sufficient to meet planned capital expenditures, debt service and working capital requirements for the foreseeable future.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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