Ingles Markets

Ingles Markets, Inc. engages in the operation of a supermarket chain in Georgia, North Carolina, Tennessee, Virginia, and Alabama. It offers its products through the following categories: grocery, non-foods, perishables and other. The grocery products consist of groceries, dairy, and frozen foods. The non-foods products include alcoholic beverages, tobacco, pharmacy, health, beauty, and cosmetic products. The perishables products include meat, produce, deli, and bakery. The Others consists of fluid dairy operations and shopping center rentals. The company was founded by Robert P. Ingle in 1963 and is headquartered in Black Mountain, NC.

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ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced improvements since Hurricane Helene impacted the operation of both the company's stores and its distribution center. Of our 198 stores, 194 stores are currently open. Four of our stores sustained damage due to flooding and winds and are temporarily closed. We expect all four to reopen over the next three to nine months. Our distribution center is fully operational and has returned to normal operations.

Ingles Markets, Incorporated Reports Second Update on the Impact of Hurricane Helene

ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that Hurricane Helene has impacted both stores and distribution center operations. Our hearts are heavy for those in our communities who lost lives, loved ones, homes and access to basic necessities. Hurricane Helene brought with it unprecedented flooding and property damage, together with continuing power and water outages, which have impacted our footprint of operations. Currently, of our 198 stores.

Ingles Markets, Incorporated Reports Update on the Impact of Hurricane Helene

ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable October 17, 2024, to all shareholders of record on October 10,.

Ingles Markets, Incorporated Declares Quarterly Cash Dividend

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Ingles Markets Inc. plans to expand and renovate stores, which is expected to drive economies of scale, net sales, and FCF growth. The company has shown impressive equity growth, book value per share growth, and reduced net debt over the past decade. The company's long term expertise in the market, net income growth, and equity growth experienced in the last decade prove that IMKTA conducts a successful business model.

Ingles Markets: Expansion Plan, Quite Undervalued

ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and nine months ended June 29, 2024. Robert P. Ingle II, Chairman of the Board, stated, “We continue to stay focused on our goal of providing excellent customer service and products at affordable prices. We would like to thank all our associates for their hard work and dedication.” Third Quarter Results Net sales totaled $1.39 billion for the quarter ended June 29, 2024, compared.

Ingles Markets, Incorporated Reports Results for Third Quarter and First Nine Months of Fiscal 2024

Ingles Markets has reported revenue declines in H1/FY2024 as food inflation and gas prices have shown very low year-over-year inflation. The operating margin has also continued to fall back into a historical long-term average at quite a rapid pace. Real estate assets on IMKTA's balance sheet provide potential for shareholder value through a sale-and-leaseback or acquisition, but I believe such transactions to be unlikely.

Ingles Markets' Undervaluation Remains As Investors Get Startled By Slower Inflation

ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported sales for the three and six months ended March 30, 2024. Robert P. Ingle II, Chairman of the Board, stated, “We are pleased with our results and thank all our associates for their continued service to our customers and company.” Second Quarter 2024 Results Net sales totaled $1.37 billion for the quarter ended March 30, 2024, a decrease of 0.95% compared with $1.38 billion for the quarter ended March 25.

Ingles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2024

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ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three months ended December 30, 2023. Robert P. Ingle II, Chairman of the Board, stated, “During the quarter, we remained focused on providing service and value to our customers. We are grateful to our associates for their continued dedication and service.” First Quarter 2024 Results Net sales totaled $1.48 billion for the quarter ended December 30, 2023, a decrease of 0.8% compared wit.

Ingles Markets, Incorporated Reports Results for First Quarter Fiscal 2024

Ingles Markets reports merchandising activities financed by vendors and a decrease in net debt/EBITDA ratio. The company's expansion plan, growth in the prepared food market, loyalty programs, and apps could bring new sales growth. The apps promoted in Google Play and the Apple Store could also enhance the shopping experience of clients.

Ingles Markets: Store Renovation And Undervalued Supermarket Business

Ingles Markets' H2/FY2023 results show solid performance, as margins have been sustained at a great level with mostly stable revenues. After my previous write-up, the stock has remained relatively flat despite earnings above my expectations. The stock still seems to have a great undervaluation, as my DCF model estimates a very good amount of upside.

Ingles Markets: Still Low-Risk And Cheap

ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and twelve months ended September 30, 2023. Robert P. Ingle II, Chairman of the Board, stated, “We are happy to report results for the quarter and year-end. We continue to thank our associates for the dedication and hard work they provide to serve our customers.” Fourth Quarter Results Net sales totaled $1.58 billion for the quarter ended September 30, 2023, compared with $1.45 bi.

Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2023

Ingles Markets, a small retail player, is undervalued and has potential for growth despite recent weaknesses in profitability and revenue.

Ingles Markets: Its Steep Discount Will Eventually Be Rewarded

ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and nine months ended June 24, 2023. Robert P. Ingle II, Chairman of the Board, stated, “It is our goal to provide the best customer experience with fresh quality products at affordable prices. We appreciate our customers and associates for their continued dedication and loyalty.” Third Quarter Results Net sales totaled $1.43 billion for the quarter ended June 24, 2023, compared w.

Ingles Markets, Incorporated Reports Results for Third Quarter and First Nine Months of Fiscal 2023

Ingles Markets is a United States-based company operating supermarkets as well as pharmacies and fuel stations. The company has maintained minimally growing revenues with steady margin, although the company's operating margin is currently above a sustainable level. Ingles Markets is a low-risk stock, as supermarket revenues are highly recession-proof.

Ingles Markets Seems Like A Low-Risk Pick

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IMKTA is a regional grocer that has seen a new level of operating quality since the pandemic. The company won't be growing store count at all, but you don't need that in order to make money from the stock right now.

Ingles Markets: Hidden Quality In This Regional Grocer

Recently, shares of Ingles Markets came under pressure, in large part because of bottom line weakness. This may deter some investors from buying into the retail chain, but shares still look cheap even if we assume this weakness will continue.

Ingles Markets: Still Attractive Despite Recent Weakness

ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported increased sales for the three and six months ended March 25, 2023. Robert P. Ingle II, Chairman of the Board, stated, “We are pleased with our results and appreciate the hard work and dedication of our customer-driven associates, who helped us provide affordable, high-quality products in an inflationary environment.” Second Quarter 2023 Results Net sales totaled $1.381 billion for the quarter ended Mar.

Ingles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2023

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ASHEVILLE, N.C.--( BUSINESS WIRE )--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported increased sales and net income for the three months ended December 24, 2022.

Ingles Markets, Incorporated Reports Results for First Quarter Fiscal 2023

Ingles Markets has been a solid play relative to the broader market, with sales and cash flows increasing. Profits have struggled a bit, but the overall health of the company looks to be intact.

Ingles Markets Still Has Room To Run

ASHEVILLE, N.C.--( BUSINESS WIRE )--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported increased sales and net income for the three and twelve months ended September 24, 2022.

Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2022

Ingles Markets continues to fare well compared to the broader market, but this doesn't change the fact that the business appears robust. Growth continues, but we have seen a bit of weakness on the bottom line.

Ingles Markets: Still Drastically Undervalued

News for Ingles Markets Stock (IMKTA)