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Jun 24, 2023
Ingles Q3 2023 Earnings Report
Ingles Markets' financial performance decreased compared to the same quarter last year.
Key Takeaways
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.
Net sales totaled $1.43 billion, a decrease from $1.46 billion in the same quarter last year.
Gross profit was $338.1 million, representing 23.6% of sales, compared to $351.9 million (24.1% of sales) last year.
Net income totaled $48.3 million, down from $67.8 million in the third quarter of fiscal 2022.
Basic earnings per share for Class A Common Stock were $2.60, compared to $3.65 last year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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