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Since 1963, Ingles Markets, Inc. has been Western North Carolina's leading local supermarket, with over 200 retail locations across 6 southeastern states. Committed to old-fashioned values and progressive vision, Ingles is dedicated to meeting goals and serving communities.
Ingles Markets Inc is a U.S.-based company operating a supermarket chain primarily in the southeast United States. With stores in Georgia, North Carolina, South Carolina, Tennessee, Virginia, and Alabama, Ingles offers a wide range of goods from food products to general merchandise. The company's real estate ownership contributes significantly to its revenue through rental income.
Ingles Markets, Incorporated (NASDAQ: IMKTA) announced a cash dividend of
Ingles operates 198 supermarkets across six southeastern states, headquartered in
Ingles Markets, Incorporated (NASDAQ: IMKTA) reported strong financial results for the first quarter of fiscal 2023, ending December 24, 2022. Net sales reached $1.49 billion, a 7.3% increase from the previous year. Gross profit was $371.2 million, or 24.9% of sales, slightly down from 25.2% the prior year. Net income grew to $69.4 million, from $66.2 million, with earnings per share rising to $3.73. Operating expenses increased to $276.2 million, and capital expenditures surged to $59.3 million. The company maintained a solid debt position with $564.5 million total debt and no borrowings on its credit line.
Ingles Markets, Incorporated (NASDAQ: IMKTA) has declared a cash dividend of $0.165 per share for Class A and $0.15 per share for Class B Common Stock, amounting to annual rates of $0.66 and $0.60, respectively. The dividends are payable on January 12, 2023, to shareholders of record as of January 6, 2023. Ingles operates 198 supermarkets across six southeastern states and owns a fluid dairy facility.
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