Earnings ·
Ingles Markets reported third-quarter net sales of $1.37 billion and net income of $25.9 million for the period ended…
IMKTAIngles Markets Inc
Ingles Markets reported third-quarter net sales of $1.37 billion and net income of $25.9 million for the period ended June 27, 2026. Diluted earnings per share for Class A common stock were $1.36, compared to $1.38 in the prior year quarter. For the first nine months of fiscal 2026, net sales reached $4.05 billion with net income of $78.3 million, yielding diluted EPS of $4.12 versus $3.05 in the previous year. Total debt decreased to $500.5 million from $518.0 million a year earlier. The company anticipates full-year capital expenditures between $120 million and $130 million. Three stores damaged by Hurricane Helene remain closed with reopenings expected through 2027. Ingles Markets operates 195 supermarkets in six southeastern states, along with neighborhood shopping centers and a fluid dairy facility.