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.
Ingles Markets Inc (IMKTA), a leading southeastern U.S. supermarket chain, maintains this dedicated news hub for investors and stakeholders. Access timely updates on financial performance, operational developments, and community initiatives from this vertically integrated retailer.
This resource consolidates all essential announcements including quarterly earnings, strategic partnerships, and leadership updates. Investors gain direct access to primary sources while analysts benefit from centralized tracking of IMKTA's market position in the competitive grocery sector.
Key content categories include financial disclosures, store expansion notices, sustainability initiatives, and supplier network updates. The collection emphasizes IMKTA's dual focus on retail innovation and community engagement across its six-state operational footprint.
Bookmark this page for streamlined monitoring of Ingles Markets' developments. Combine these verified updates with broader market analysis to inform your perspective on this established regional retailer.
Ingles Markets (NASDAQ: IMKTA) is hosting an in-person hiring fair from May 11-13, 2023, for over 4,000 positions across its Retail Store and Distribution Center locations. The event aims to attract individuals reentering the workforce or seeking career changes, offering flexible scheduling and growth opportunities. Interested candidates can RSVP via Facebook or walk in with facial coverings and two forms of identification for on-the-spot interviews. Ingles operates 198 supermarkets across six southeastern states.
Ingles Markets (NASDAQ: IMKTA) is collaborating with the South Carolina DHEC and NAACP to offer COVID-19 vaccinations in Belton, SC. Scheduled for April 24 at Cedar Grove Baptist Church, the vaccination clinic will be open from 9 a.m. to 1 p.m. Chief Financial Officer Ron Freeman emphasizes the importance of this initiative in expanding vaccine access among South Carolinians. Dr. Linda Bell from DHEC highlights the clinic's role in addressing health disparities in underserved communities, especially among African Americans disproportionately affected by COVID-19.
Ingles Markets (NASDAQ: IMKTA) has successfully administered COVID-19 vaccinations at all 111 pharmacy locations across North Carolina, South Carolina, Georgia, and Tennessee. Since receiving their first vaccine allocation in December 2020, the company has collaborated with federal and state governments to facilitate the vaccination process. CFO Ron Freeman highlighted the dedication of their pharmacists in providing healthcare and vaccination services. All individuals aged 16 and older in these states are eligible to receive the vaccine at Ingles.
Ingles Markets (NASDAQ: IMKTA) is enhancing vaccination accessibility for its distribution center and office associates through on-site clinics. These clinics aim to facilitate the vaccination process for essential workers while allowing them to discuss the vaccine with pharmacists. CFO Ron Freeman emphasized the company's dedication to employee and customer protection during the pandemic. Additionally, Ingles is incentivizing vaccination by offering paid time off for associates to complete their vaccination series.
Ingles Markets (IMKTA) announces new initiatives to support the vaccination of its associates. Full-time employees will receive 10 hours of paid time off, while part-time employees will receive 5 hours upon becoming fully vaccinated against COVID-19. Additionally, Ingles has set up vaccination clinics at its Black Mountain, North Carolina headquarters and distribution center, as well as offering COVID-19 vaccines in its pharmacies across North Carolina, Georgia, South Carolina, and Tennessee. This effort underscores Ingles' commitment to employee health and community wellness.
Ingles Markets, Incorporated (NASDAQ: IMKTA) has declared a cash dividend of $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock. This equates to an annual rate of $0.66 for Class A and $0.60 for Class B shares. The dividends are scheduled for payment on April 15, 2021, to shareholders on record as of April 8, 2021.
The company, headquartered in Asheville, North Carolina, operates 198 supermarkets across six southeastern states.
Ingles Markets (NASDAQ: IMKTA) will host a job fair on March 29th from 10 am to 6 pm at its Distribution Center in Black Mountain, NC, aiming to fill over 50 full-time positions across various departments. The company offers competitive pay, especially for forklift operators and order selectors, along with benefits like health insurance, paid time off, and 401k matching. Interested candidates may RSVP or walk in to apply. This initiative emphasizes Ingles' commitment to supporting its retail operations by enhancing workforce availability.
Ingles Markets, Incorporated (NASDAQ: IMKTA) has authorized a share repurchase program for up to 2 million shares of its Class A and Class B Common Stock. As of March 19, 2021, the company had approximately 14.2 million Class A shares and 6.0 million Class B shares outstanding. The program will utilize existing cash, operational cash flow, and financing sources. Repurchases may occur through open market purchases and private transactions, and the timing will depend on various market conditions.
Ingles Markets (NASDAQ: IMKTA) reported a 10.4% increase in net sales to $1.19 billion for the quarter ending December 26, 2020, compared to $1.08 billion in the same period in 2019. The company achieved a net income of $53.8 million, significantly up from $17.7 million the previous year. Gross profit rose to $314.2 million, or 26.4% of sales. Despite higher operating expenses due to pandemic safety measures, the company reduced its debt to $587.9 million from $850 million. Earnings per share were $2.73 (basic) compared to $0.90 the prior year.
Ingles Markets, Incorporated (NASDAQ: IMKTA) has declared a cash dividend of $0.165 per share for Class A Common Stock and $0.15 per share for Class B Common Stock. This results in an annual dividend rate of $0.66 for Class A and $0.60 for Class B. The dividends are set to be paid on January 14, 2021, to all shareholders of record on January 7, 2021. The company operates 197 supermarkets and maintains a strong presence across six southeastern states.
