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Mar 27, 2021
Ingles Q2 2021 Earnings Report
Increased sales and net income were reported for Q2 2021.
Key Takeaways
Ingles Markets reported a net sales increase of 3.4% and a net income increase for the quarter ended March 27, 2021.
Net sales totaled $1.18 billion, a 3.4% increase compared to the same quarter last year.
Gross profit totaled $310.5 million, representing 26.2% of sales.
Net income totaled $52.2 million, compared to $40.3 million for the same period last year.
Basic earnings per share for Class A Common Stock were $2.65, compared to $2.04 last year.
Forward Guidance
The company could not predict the impact of the pandemic on future periods.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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