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Ingles Markets Incorporated  (IMKTA)
Other Ticker:  
 
    Sector  Retail    Industry Grocery Stores
   Industry Grocery Stores
   Sector  Retail
 
Price: $74.3200 $-0.38 -0.509%
Day's High: $75.44 Week Perf: 0.03 %
Day's Low: $ 74.07 30 Day Perf: -3.46 %
Volume (M): 78 52 Wk High: $ 94.68
Volume (M$): $ 5,767 52 Wk Avg: $82.45
Open: $74.26 52 Wk Low: $73.00



 Market Capitalization (Millions $) 1,414
 Shares Outstanding (Millions) 19
 Employees 27,000
 Revenues (TTM) (Millions $) 5,881
 Net Income (TTM) (Millions $) 185
 Cash Flow (TTM) (Millions $) 19
 Capital Exp. (TTM) (Millions $) 177

Ingles Markets Incorporated
Ingles Markets Incorporated is an American supermarket chain founded in 1963 by Robert P. Ingle in Asheville, North Carolina. The company is headquartered in Black Mountain, North Carolina, and operates primarily in the southeastern United States. It is currently one of the largest independent retail grocery chains in the United States and is publicly traded on the NASDAQ stock exchange under the symbol IMKTA.

Ingles Markets Incorporated operates 199 supermarkets with pharmacies in six Southeastern states, including Georgia, Alabama, Tennessee, North Carolina, South Carolina, and Virginia. These stores are located in both urban and suburban areas and range in size from 12,000 to 95,000 square feet. The company employs over 30,000 workers, including over 21,000 full-time employees.

The company's stores offer customers a wide range of products including groceries, bakery items, dairy products, meats and seafood, and health and beauty items. Additionally, many of its stores feature fuel centers, pharmacies, and floral departments. Ingles Markets offers a wide selection of both national and private label brands, including its own flagship brand, Laura Lynn.

Ingles Markets prides itself on exceptional customer service, offering services such as online shopping, home delivery, and in-store pick up. The company also has a customer loyalty program, Advantage Rewards, which offers customers access to exclusive deals, promotions, and coupons.

In addition to its retail supermarket business, Ingles Markets also operates a wholesale milk processing and packaging plant, a milk transport fleet, and a distribution center. The company also owns and operates a network of gas stations and convenience stores under the Quick Marts banner.

The company has received many awards and recognitions over the years, including being named one of America's Most Trustworthy Companies by Forbes magazine in both 2016 and 201 Furthermore, the company has a long history of investing in the communities in which it operates, supporting local charities, schools, and non-profit organizations.

Overall, Ingles Markets Incorporated is a well-respected and successful supermarket chain with deep roots in the Southeastern United States. With a dedication to customer service, a commitment to quality products, and a focus on community involvement, Ingles is a strong and viable company that is poised for continued growth in the years to come.


   Company Address: P.O. Box 6676 Asheville 28816 NC
   Company Phone Number: 669-2941   Stock Exchange / Ticker: NASDAQ IMKTA
   


   

Stock Performances by Major Competitors

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Ingles Markets Incorporated

Ingles Markets Incorporated Stumbles in Q4 2023: Haunting Financial Decline Raises Concerns

Ingles Markets Incorporated (NASDAQ: IMKTA), a leading grocery retailer in the United States, recently released its financial results for the three months ended December 30, 2023. Unfortunately, the company reported a decline in both earnings per share and revenue during this period, signaling a deterioration in its financial performance compared to the previous year.
During the October to December 2023 fiscal interval, Ingles Markets Incorporated recorded a significant decrease in earnings per share of -37.53% to $2.28 and a slight revenue decrease of -0.82% to $1.48 billion. This decline in profitability and revenue is concerning, especially when the Grocery Stores industry as a whole experienced revenue growth during the same period.

Ingles Markets Incorporated

Deterioration in Income per Share by -18.05 % at the Ingles Markets Incorporated during the financial fourth quarter of 2023

Ingles Markets Incorporated (IMKTA) recently released its financial results for the three and twelve months ending September 30, 2023. Despite facing challenges, the company remains optimistic and grateful for the hard work and commitment of its associates.
During the fiscal fourth quarter of 2023, Ingles Markets Incorporated experienced a revenue improvement of 1.207%. However, this could not prevent a contraction in income of -18.05% compared to the corresponding reporting season a year prior. The company reported net sales of $1.58 billion and earnings per share of $2.78.

Dividend

Ingles Markets Announces Dividend Amidst Volatile Market Conditions, Demonstrating Commitment to Shareholders

Published Mon, Oct 2 2023 3:00 PM UTC



ASHEVILLE, N.C. - Ingles Markets, Incorporated (NASDAQ: IMKTA), one of the leading grocery retailers in the United States, made a significant announcement today that is likely to have a positive impact on its shareholders. The company's Board of Directors has declared a generous cash dividend of $0.165 per share on its Class A Common Stock and $0.15 per share on it...

Ingles Markets Incorporated

Ingles Markets Incorporated Experiences Subdued Financial Quarter from April to June 24, 2023 Amidst an Underwhelming Retail Landscape


Date: October 15, 2023
Ingles Markets Incorporated has recently reported a decline in both its earnings per share and revenue for the most recent fiscal period, compared to the same period last year. This news comes as a stark contrast to the growth experienced by the remainder of the Grocery Stores industry. While the company did witness an increase in earnings per share and revenue compared to the preceding quarter, the overall trend remains concerning.
During the most recent fiscal period, Ingles Markets Incorporated saw its earnings per share decrease by -28.85% to $2.54, and revenue decline by -1.666% to $1.43 billion on a year-on-year basis. Additionally, net profits dropped by -28.78% to $48.260 million. These figures underscore the challenges the company is currently facing.

Ingles Markets Incorporated

Ingles Markets Incorporated Achieves Impressive 0.253% Revenue Growth in Fiscal Q2 2023

Investors of Ingles Markets Incorporated (IMKTA) were informed today that the company achieved a return on average invested assets (ROI) of 12.21% in its second quarter of 2023, which is above IMKTA's average return on investment of 12%. However, the ROI decreased relative to the period ending December 24, 2022, due to the decline in net income.
The news of IMKTA's financial performance revealed that within the retail sector, 20 other companies had a higher return on investment. Despite this, the overall ranking for return on investment has progressed in the March 25, 2023 quarter to 331, from the total ROI ranking in the first quarter of 2023, at 706.






 

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