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.

Total Revenue

$1.45B

Previous year: $1.34B