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Sep 24, 2022
Ingles Q4 2022 Earnings Report
Ingles Markets, Incorporated reported increased sales and net income.
Key Takeaways
Ingles Markets reported net sales of $1.45 billion for the quarter ended September 24, 2022, compared to $1.34 billion for the quarter ended September 25, 2021. Net income totaled $70.2 million for the quarter ended September 24, 2022, compared to $71.7 million for the quarter ended September 25, 2021.
Net sales totaled $1.45 billion for the quarter ended September 24, 2022.
Excluding gasoline sales, comparable store sales increased 5.2% over the comparative fiscal quarter.
Gross profit for the fourth quarter of fiscal 2022 totaled $364.8 million.
Net income totaled $70.2 million for the September 2022 quarter.