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Ingles Markets Incorporated  (IMKTA)
Other Ticker:  
 
    Sector  Retail    Industry Grocery Stores
   Industry Grocery Stores
   Sector  Retail
 

IMKTA's Net Income Growth by Quarter and Year

Ingles Markets Incorporated's Net Income results by quarter and year




IMKTA Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter September - 52.64 64.38 71.97
III Quarter June - 48.26 67.76 52.19
II Quarter March - 40.54 68.64 53.82
I Quarter December 43.39 69.37 71.74 57.87
FY   43.39 210.81 272.52 235.85



IMKTA Net Income first quarter 2024 Y/Y Growth Comment
Ingles Markets Incorporated reported fall in Net Income in the first quarter 2024 by -37.45% to $ 43.39 millions, from the same quarter in 2023.
The drop in the first quarter 2024 Ingles Markets Incorporated's Net Income compares unfavorably to the Company's average Net Income rise of 31.64%.

According to the results reported in the first quarter 2024, Ingles Markets Incorporated achieved the best Net Income growth in Grocery Stores industry. While Ingles Markets Incorporated' s Net Income drop of -37.45% ranks overall at the positon no. 165 in the first quarter 2024.




IMKTA Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter September - -18.24 % -10.55 % 14.69 %
III Quarter June - -28.78 % 29.83 % 29.54 %
II Quarter March - -40.94 % 27.54 % 204.24 %
I Quarter December -37.45 % -3.3 % 23.97 % 176.63 %
FY   - -22.64 % 15.55 % 66.5 %

Financial Statements
Ingles Markets Incorporated's first quarter 2024 Net Income $ 43.39 millions IMKTA's Income Statement
Ingles Markets Incorporated's first quarter 2023 Net Income $ 69.37 millions Quarterly IMKTA's Income Statement
New: More IMKTA's historic Net Income Growth >>


IMKTA Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter September - 9.08 % -4.99 % 37.9 %
III Quarter June - 19.04 % -1.28 % -3.03 %
II Quarter March - -41.56 % -4.32 % -7 %
I Quarter December -17.57 % 7.75 % -0.32 % -7.78 %
FY (Year on Year)   - -22.64 % 15.55 % 66.5 %




Net Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Grocery Stores Industry #1
Retail Sector #9
Overall #165

Net Income Y/Y Growth Statistics
High Average Low
203.45 % 31.64 % -66.01 %
(Dec. 30, 2014)   (June 30. 2013)
Net Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Grocery Stores Industry #1
Retail Sector #9
Overall #165
Net Income Y/Y Growth Statistics
High Average Low
203.45 % 31.64 % -66.01 %
(Dec. 30, 2014)   (June 30. 2013)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Ingles Markets Incorporated's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
163.41 % 9.07 % -100 %
(Jun 30 2018)  


IMKTA's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2024 Ingles Markets Incorporated reported fall in Net Income from the previous quarter by -17.57% to $ 43.39 millions, from $ 52.64 millions achived in the previous quarter.

Those seasonal circumstance which usually elevate I. Quarter 2024 Net Income, could not recover the I. Quarter for the Ingles Markets Incorporated, Abigail Wolfe, Grocery Stores industry veteran from Toronto pointed out, she voiced certan skepticism towards Ingles Markets Incorporated's perspective.

Within Grocery Stores industry 2 other companies have achieved higher Net Income quarter on quarter growth. While Ingles Markets Incorporated's Net Income growth quarter on quarter, overall rank is 208.


Net Income Q/Q Growth Company Ranking
Within: No.
Grocery Stores Industry #3
Retail Sector #19
Overall #208
Net Income Q/Q Growth Company Ranking
Within: No.
Grocery Stores Industry #3
Retail Sector #19
Overall #208
Net Income Q/Q Growth Statistics
High Average Low
163.41 % 9.07 % -100 %
(Jun 30 2018)  


IMKTA's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2024 Ingles Markets Incorporated realized fall in Net Income from the fourth quarter by -17.57% to $ 43.39 millions, from $ 52.64 millions declared a quarter before.

Although cyclical factors normally elevate I. Quarter 2024 results, this clearly has not been enough to recover IMKTA's I. Quarter 2024 performance, Abigail Wolfe, Grocery Stores industry veteran from Toronto pointed out.

Within Grocery Stores industry 2 other companies have achieved higher Net Income quarter on quarter growth. While Ingles Markets Incorporated's Net Income growth quarter on quarter, overall rank is 208.


Ingles Markets Incorporated's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 30 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 24 2023)
12 Months Ending
(Mar 25 2023)
12 Months Ending
(Dec 24 2022)
Cumulative Net Income 12 Months Ending $ 184.83 $ 210.81 $ 222.55 $ 242.05 $ 270.16
Y / Y Net Income Growth (TTM) -31.58 % -22.65 % -20.55 % -8.5 % 8.18 %
Year on Year Net Income Growth Overall Ranking # 129 # 657 # 264 # 336 # 421
Seqeuential Net Income Change (TTM) -12.32 % -5.27 % -8.06 % -10.4 % -0.87 %
Seq. Net Income Growth (TTM) Overall Ranking # 165 # 996 # 398 # 992 # 823




Cumulative Net Income growth Comment
Ingles Markets Incorporated's cumulative 12 months Net Income continue to drop, but on the faster rate at -31.58% year on year, at Dec 30 2023 compare to the -22.65% decrease at Sep 30 2023. If the Ingles Markets Incorporated's fiscal year would end at Dec 30 2023, annual Net Income would be $185 millions.

Among companies within the Retail sector 5 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 129, from total ranking in previous quarter at 657.

Net Income TTM Q/Q Growth Statistics
High Average Low
203.45 %
31.64 %
-66.01 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Grocery Stores Industry # 1
Retail Sector # 6
Overall # 129

Net Income TTM Y/Y Growth Statistics
High Average Low
203.45 %
31.64 %
-66.01 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 9
S&P 500 # 165
Cumulative Net Income growth Comment
Ingles Markets Incorporated's cumulative 12 months Net Income continue to drop, but on the faster rate at -31.58% year on year, at Dec 30 2023 compare to the -22.65% decrease at Sep 30 2023. If the Ingles Markets Incorporated's fiscal year would end at Dec 30 2023, annual Net Income would be $185 millions.

Among companies within the Retail sector 5 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 129, from total ranking in previous quarter at 657.

Net Income TTM Q/Q Growth Statistics
High Average Low
203.45 %
31.64 %
-66.01 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Grocery Stores Industry # 1
Retail Sector # 6
Overall # 129

Net Income TTM Y/Y Growth Statistics
High Average Low
203.45 %
31.64 %
-66.01 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 9
S&P 500 # 165




Other Net Income Growth
Grocery Stores Industry Net Income Growth Trends and Statistics
Retail Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
IMKTA's Net Income Growth Ratio versus Grocery Stores Industry, Retail Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for IMKTA's Competitors
Net Income Growth for Ingles Markets Incorporated's Suppliers
Net Income Growth for IMKTA's Customers

You may also want to know
IMKTA's Annual Growth Rates IMKTA's Profitability Ratios IMKTA's Asset Turnover Ratio IMKTA's Dividend Growth
IMKTA's Roe IMKTA's Valuation Ratios IMKTA's Financial Strength Ratios IMKTA's Dividend Payout Ratio
IMKTA's Roa IMKTA's Inventory Turnover Ratio IMKTA's Growth Rates IMKTA's Dividend Comparisons



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Ingles Markets Incorporated-37.45%$ -37.447 millions
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