Ingles Q2 2020 Earnings Report
Key Takeaways
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.
Net sales for the second quarter of fiscal 2020 reached $1.14 billion, up from $1.00 billion in fiscal 2019.
Retail comparable store sales, excluding gasoline, increased by 17.5%.
Net income for the quarter totaled $40.3 million, a significant increase from $15.0 million in the same period last year.
Basic earnings per share for Class A Common Stock were $2.04, compared to $0.76 in the previous year.
Ingles
Ingles
Forward Guidance
The company cannot predict the impact of the pandemic on future periods.