Ingles Markets (IMKTA) Reports Q1 EPS of $0.64

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Go back to Ingles Markets (IMKTA) Reports Q1 EPS of $0.64

Ingles Markets, Incorporated Reports Sales and Net Income for First Quarter Fiscal 2016

February 8, 2016 6:30 AM EST

ASHEVILLE, N.C.--(BUSINESS WIRE)-- Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported higher grocery sales for the three months ended December 26, 2015 compared with the three months ended December 27, 2014. Grocery sales (excluding gasoline sales) rose 2.6% over the comparative quarters. Net income totaled $13.0 million for the quarter ended December 26, 2015 compared with $15.0 million for the quarter ended December 27, 2014.

Gasoline gross profit was substantially higher during last years first fiscal quarter compared with this years first fiscal quarter. Personnel-related costs were also higher.

Robert P. Ingle II, Chief Executive Officer, stated, We are very pleased with the continued... More