Ingles Markets, Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended March 25, 2023
May 04, 2023 at 12:36 pm
Share
Ingles Markets, Incorporated reported earnings results for the second quarter and six months ended March 25, 2023. For the second quarter, the company reported sales was USD 1,380.6 million compared to USD 1,377.12 million a year ago. Net income was USD 40.54 million compared to USD 68.64 million a year ago.
For the six months, sales was USD 2,873.92 million compared to USD 2,768.65 million a year ago. Net income was USD 109.91 million compared to USD 134.83 million a year ago.
Ingles Markets, Incorporated is a supermarket chain in the southeast United States. It operates a total of 198 supermarkets, including 75 in North Carolina, 65 in Georgia, 35 in South Carolina, 21 in Tennessee, one in Virginia and one in Alabama. It operates 189 supermarkets under the name Ingles, and nine supermarkets under the name Sav-Mor. Ingles supermarkets offer customers a variety of nationally advertised food products, including grocery, meat and dairy products, produce, frozen foods and other perishables, and non-food products. Its non-food products include fuel centers, pharmacies, health and beauty care products and general merchandise. It also offers private label items and locally sourced items throughout its market areas. In addition, it focuses on selling products to its customers through the development of certified organic products, bakery departments and prepared foods, including delicatessen sections. It also operates 114 in-store pharmacies and 108 fuel stations.
INGLES MARKETS, INCORPORATED 
