Ingles Q3 2021 Earnings Report

Increased sales and net income were reported for the quarter ended June 26, 2021.

Key Takeaways

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.

Net sales increased by 7.4% compared to the same quarter last year.

Gross profit totaled $337.5 million, or 26.4% of sales.

Net income increased to $72.0 million from $62.8 million year-over-year.

Basic and diluted earnings per share for Class A Common Stock were $3.88 and $3.79, respectively.

Total Revenue

$1.28B

Previous year: $1.19B