Recent Updates — IMKTA
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.
On July 29, 2026, Brenda S. Tudor resigned from the Board of Directors and all committees of Ingles Markets, Incorporated, effective September 8, 2026. The resignation is due to family health reasons and not related to operational disagreements. The Board intends to appoint an additional independent member to the Audit Committee and elect a new director to fill the vacancy before the effective date. Ingles Markets operates as a supermarket chain in the southeastern United States.