Ingles Markets (IMKTA) Reports Q1 EPS of $0.64
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February 8, 2016 6:30 AM EST
ASHEVILLE, N.C.--(BUSINESS WIRE)--
Ingles Markets, Incorporated (NASDAQ:Â 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
