Ingles Markets (IMKTA) Reports Q4 EPS of $0.80

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Ingles Markets, Incorporated Reports Sales and Net Income for Fourth Quarter and Full Fiscal Year

December 10, 2015 6:30 AM EST

Reports Record Core Grocery Sales and Net Income for Fiscal 2015

ASHEVILLE, N.C.--(BUSINESS WIRE)-- Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported record core grocery sales and record net income for fiscal 2015. Core grocery sales exclude gasoline. Total sales were $3.78 billion for fiscal 2015 compared with $3.84 billion in fiscal 2014. For the full fiscal years ended September 2015 and 2014, net income rose to $59.4 million in 2015 compared with $51.4 million in 2014.

The growth in core grocery sales for the fourth quarter and fiscal 2015 were offset by lower gasoline prices compared with the prior year.... More