Welcome to our dedicated page for Ingles Mkts news (Ticker: IMKTA), a resource for investors and traders seeking the latest updates and insights on Ingles Mkts stock.
News for Ingles Markets, Incorporated (NASDAQ: IMKTA) focuses on its role as a regional supermarket operator in the southeastern United States and on developments that affect its grocery and retail operations. The company describes itself as a leading grocer with operations in six southeastern states, headquartered in Asheville, North Carolina, and operating close to 200 supermarkets supported by neighborhood shopping centers and a fluid dairy facility.
On this page, readers can follow Ingles Markets news that includes quarterly and annual earnings releases, where the company reports net sales, gross profit, operating and administrative expenses, interest expense, net income, and earnings per share for its Class A and Class B common stock. These releases often discuss capital expenditures, total debt, and selected balance sheet items, as well as commentary from the company’s leadership on operating conditions.
Ingles also issues regular announcements about quarterly cash dividends on its common stock, specifying dividend rates for each share class and record and payment dates. Other news items may cover corporate governance and regulatory developments, such as amendments to the company’s bylaws or changes in board composition, as disclosed in related SEC filings.
Recent news has highlighted the operational impact of Hurricane Helene on Ingles’ stores and headquarters area in western North Carolina, including temporary store closures, impairment losses, and cleanup and repair efforts. Investors and observers use these updates to understand how external events and regional economic conditions influence the company’s financial performance and store network. For ongoing coverage of IMKTA news, this feed aggregates company press releases and related disclosures in one place.
Ingles Markets (NASDAQ: IMKTA) reported fourth-quarter and fiscal-year 2025 results for the periods ended September 27, 2025. Q4 net sales were $1.37 billion and Q4 net income was $25.7 million versus a $1.5 million loss in Q4 2024. Q4 gross profit margin improved to 24.5% from 21.4% a year earlier. For fiscal 2025, net sales were $5.33 billion and net income was $83.6 million. Capital expenditures fell to $114.5 million from $210.9 million in fiscal 2024. Total debt at year-end was $514.8 million and cash and cash equivalents were $366.2 million. Three stores remained temporarily closed after Hurricane Helene and are expected to reopen in 2026 or 2027.
Ingles Markets (NASDAQ: IMKTA) has declared quarterly cash dividends for its shareholders. Class A Common Stock holders will receive $0.165 per share, while Class B Common Stock holders will receive $0.15 per share, representing annual rates of $0.66 and $0.60 respectively.
The dividends will be payable on October 16, 2025, to shareholders of record as of October 9, 2025. The company, which operates 197 supermarkets across six southeastern states, also noted that three stores remain temporarily closed due to Hurricane Helene damage, with reopenings expected between late 2025 and 2026.
Ingles Markets (NASDAQ: IMKTA) reported its Q3 and nine-month fiscal 2025 results, showing mixed performance. Q3 net sales decreased to $1.35 billion from $1.39 billion year-over-year, while gross profit margin improved to 24.3% from 23.7%. Net income for Q3 declined to $26.2 million from $31.7 million in the previous year.
For the nine-month period, net sales decreased to $3.97 billion from $4.24 billion, with net income significantly dropping to $57.9 million from $107.0 million. The company reduced its total debt to $518.0 million and plans capital expenditures of $120-160 million for fiscal 2025. Three stores remain temporarily closed due to Hurricane Helene damage, expected to reopen in late 2025 or 2026.
The company operates 197 supermarkets across six southeastern states and maintains strong financial resources with minimal debt utilization on its $150.0 million credit line.Summary not available.
Ingles Markets (NASDAQ: IMKTA) has announced its Board of Directors' declaration of quarterly cash dividends. The company will pay $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock, representing annual rates of $0.66 and $0.60 per share respectively.
The dividends will be paid on April 17, 2025, to shareholders of record as of April 10, 2025. Ingles Markets operates 197 supermarkets across six southeastern states, with headquarters in Asheville, North Carolina. The company also manages neighborhood shopping centers and owns a fluid dairy facility serving both Ingles supermarkets and external customers.
Ingles Markets (NASDAQ: IMKTA) reported financial results for Q1 fiscal 2025, showing significant impact from Hurricane Helene. Net sales decreased 13.0% to $1.29 billion compared to $1.48 billion in Q1 2024. The company experienced an estimated $55-65 million revenue loss due to hurricane-related disruptions.
The hurricane caused four store closures, with three still remaining closed and expected to reopen during 2025. The company incurred $5.4 million in cleanup and repair costs. Gross profit decreased to $301.1 million (23.4% of sales) from $348.8 million (23.6% of sales) year-over-year.
Net income declined to $16.6 million from $43.4 million in Q1 2024. Basic and diluted EPS for Class A Common Stock were $0.89 and $0.87 respectively, compared to $2.33 and $2.28 in the previous year. Capital expenditures decreased to $37.8 million from $63.2 million.
Ingles Markets (NASDAQ: IMKTA) has announced its Board of Directors' declaration of quarterly cash dividends. The company will pay $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock, representing annual rates of $0.66 and $0.60 per share, respectively. The dividends will be paid on January 16, 2025, to shareholders of record as of January 9, 2025.
Ingles Markets operates 198 supermarkets across six southeastern states, with headquarters in Asheville, North Carolina. The company also manages neighborhood shopping centers and owns a fluid dairy facility serving both Ingles supermarkets and external customers.
Ingles Markets (NASDAQ: IMKTA) reported its Q4 and fiscal year 2024 results, significantly impacted by Hurricane Helene. The company recognized a $30.4 million inventory impairment loss and a $4.5 million property and equipment impairment loss due to the hurricane. Q4 net sales decreased to $1.40 billion from $1.58 billion year-over-year, with Q4 2024 having 13 weeks compared to 14 weeks in 2023.
For fiscal year 2024, net sales were $5.64 billion compared to $5.89 billion in 2023. Net income decreased to $105.5 million from $210.8 million in the previous year. The company reported total debt of $532.6 million at year-end, down from $550.2 million in 2023. Capital expenditures increased to $210.9 million from $173.6 million year-over-year.
Ingles Markets (NASDAQ: IMKTA) has received a notice from Nasdaq due to delayed filing of its Annual Report on Form 10-K for the fiscal year ended September 28, 2024. The delay is attributed to Hurricane Helene's impact. The company has until February 18, 2025 to either file the report or submit a compliance plan to Nasdaq.
If Nasdaq accepts a compliance plan, IMKTA could receive an extension until June 10, 2025 to file the report. The notice does not immediately affect IMKTA's Nasdaq listing, and the company intends to file within the initial 60-day period. Ingles Markets operates 198 supermarkets across six southeastern states, along with neighborhood shopping centers and a fluid dairy facility.