Ingles Markets (IMKTA) Reports Q2 EPS of $0.71

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Go back to Ingles Markets (IMKTA) Reports Q2 EPS of $0.71

Ingles Markets, Incorporated Reports Higher Sales and Net Income for Second Quarter of Fiscal 2016

May 9, 2016 7:30 AM EDT

ASHEVILLE, N.C.--(BUSINESS WIRE)-- Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported higher sales and net income for the three months ended March 26, 2016 compared with the three months ended March 28, 2015. Net income totaled $14.4 million for the quarter ended March 26, 2016 compared with $14.3 million for the second quarter of fiscal year 2015. Net sales also increased despite significantly lower retail gasoline prices compared with the second quarter of last year.

For the six months ended March 26, 2016 net income totaled $27.3 million compared with $29.3 million for the six months ended March 28, 2015. Gasoline gross profits were significantly higher during the fiscal 2015 six... More