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Sep 25, 2021
Ingles Q4 2021 Earnings Report
Ingles Markets reported increased sales and net income for Q4 2021.
Key Takeaways
Ingles Markets, Incorporated reported an 11.6% increase in net sales and an increase in net income for the quarter ended September 25, 2021, compared to the quarter ended September 26, 2020.
Net sales for the quarter increased by 11.6% to $1.34 billion compared to $1.20 billion in the same quarter last year.
Gross profit for the quarter totaled $341.3 million, representing 25.6% of sales, compared to $324.5 million, or 27.1% of sales, for the same period last year.
Net income for the quarter was $71.7 million compared to $57.9 million for the same quarter last year.
Basic earnings per share for Class A Common Stock were $3.86, compared to $2.94 for the same quarter last year.