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

IMKTA's Operating Income Growth by Quarter and Year

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




IMKTA Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter September - 71.60 86.70 100.58
III Quarter June - 67.31 94.56 74.31
II Quarter March - 57.65 95.09 76.44
I Quarter December 59.63 95.76 98.72 87.70
FY   59.63 292.32 375.07 339.03



IMKTA Operating Income first quarter 2024 Y/Y Growth Comment
Ingles Markets Incorporated reported fall in Operating Income in the first quarter 2024 by -37.73% to $ 59.63 millions, from the same quarter in 2023.
The drop in the first quarter 2024 Ingles Markets Incorporated's Operating Income compares unfavorably to the Company's average Operating Income rise of 26.16%.

Among companies who have reported first quarter 2024 results in the Grocery Stores industry only one Company has achieved higher year on year Operating Income results in the first quarter 2024. While Ingles Markets Incorporated' s Operating Income drop of -37.73% ranks overall at the positon no. 174 in the first quarter 2024.

Explain Operating Income growth


IMKTA Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter September - -17.42 % -13.8 % 9.97 %
III Quarter June - -28.82 % 27.25 % 17.39 %
II Quarter March - -39.37 % 24.4 % 98.65 %
I Quarter December -37.73 % -3 % 12.57 % 127.03 %
FY   - -22.06 % 10.63 % 46.22 %

Financial Statements
Ingles Markets Incorporated's first quarter 2024 Operating Income $ 59.63 millions IMKTA's Income Statement
Ingles Markets Incorporated's first quarter 2023 Operating Income $ 95.76 millions Quarterly IMKTA's Income Statement
New: More IMKTA's historic Operating Income Growth >>


IMKTA Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter September - 6.37 % -8.31 % 35.35 %
III Quarter June - 16.76 % -0.56 % -2.79 %
II Quarter March - -39.8 % -3.68 % -12.84 %
I Quarter December -16.72 % 10.45 % -1.85 % -4.11 %
FY (Year on Year)   - -22.06 % 10.63 % 46.22 %




Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Grocery Stores Industry #2
Retail Sector #15
Overall #174

Operating Income Y/Y Growth Statistics
High Average Low
376.01 % 26.16 % -31.15 %
(Sep. 30, 2015)   (Dec 30 2023)
Operating Income first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Grocery Stores Industry #2
Retail Sector #15
Overall #174
Operating Income Y/Y Growth Statistics
High Average Low
376.01 % 26.16 % -31.15 %
(Sep. 30, 2015)   (Dec 30 2023)

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

Ingles Markets Incorporated's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
64.52 % 1.65 % -100 %
(Mar 28 2020)  


IMKTA's I. Quarter Q/Q Operating Income Comment
In the I. Quarter 2024 Ingles Markets Incorporated realized fall in Operating Income sequentially by -16.72% to $ 59.63 millions, from $ 71.60 millions released a quarter before.

Even cyclical circumstance could not rescue the I. Quarter for the Ingles Markets Incorporated, Mona Rossi, market consultant wrote, she cited certan caution for the IMKTA's perspective.

Within Grocery Stores industry 2 other companies have achieved higher Operating Income quarter on quarter growth. While Ingles Markets Incorporated's Operating Income growth quarter on quarter, overall rank is 216.


Operating Income Q/Q Growth Company Ranking
Within: No.
Grocery Stores Industry #3
Retail Sector #15
Overall #216
Operating Income Q/Q Growth Company Ranking
Within: No.
Grocery Stores Industry #3
Retail Sector #15
Overall #216
Operating Income Q/Q Growth Statistics
High Average Low
64.52 % 1.65 % -100 %
(Mar 28 2020)  


IMKTA's I. Quarter Q/Q Operating Income Comment
In the I. Quarter 2024 Ingles Markets Incorporated reported fall in Operating Income sequentially by -16.72% to $ 59.63 millions, from $ 71.60 millions declared a quarter before.

Although seasonal influence usually energize I. Quarter 2024 results, this plainly could not be substantial to salvage Ingles Markets Incorporated's outcome, Mona Rossi, market consultant pointed out and mentioned that average quarter on quarter Operating Income growth is at 1.65% for the Grocery Stores's company.

Within Grocery Stores industry 2 other companies have achieved higher Operating Income quarter on quarter growth. While Ingles Markets Incorporated's Operating Income growth quarter on quarter, overall rank is 216.


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


Operating 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 Operating Income 12 Months Ending $ 256.18 $ 292.30 $ 307.40 $ 334.66 $ 372.10
Y / Y Operating Income Growth (TTM) -31.15 % -22.07 % -20.97 % -9.23 % 6.3 %
Year on Year Operating Income Growth Overall Ranking # 144 # 893 # 668 # 803 # 549
Seqeuential Operating Income Change (TTM) -12.36 % -4.91 % -8.14 % -10.06 % -0.79 %
Seq. Operating Income Growth (TTM) Overall Ranking # 346 # 1247 # 909 # 1099 # 968




Cumulative Operating Income growth Comment
Ingles Markets Incorporated's cumulative 12 months Operating Income continue to drop, but on the faster rate at -31.15% year on year, at Dec 30 2023 compare to the -22.07% decrease at Sep 30 2023. If the Ingles Markets Incorporated's fiscal year would end at Dec 30 2023, annual Operating Income would be $256 millions.

Among companies within the Retail sector 10 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 144, from total ranking in previous quarter at 893.

Operating Income TTM Q/Q Growth Statistics
High Average Low
376.01 %
26.16 %
-31.15 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Grocery Stores Industry # 2
Retail Sector # 11
Overall # 144

Operating Income TTM Y/Y Growth Statistics
High Average Low
376.01 %
26.16 %
-31.15 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 16
S&P 500 # 346
Cumulative Operating Income growth Comment
Ingles Markets Incorporated's cumulative 12 months Operating Income continue to drop, but on the faster rate at -31.15% year on year, at Dec 30 2023 compare to the -22.07% decrease at Sep 30 2023. If the Ingles Markets Incorporated's fiscal year would end at Dec 30 2023, annual Operating Income would be $256 millions.

Among companies within the Retail sector 10 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 144, from total ranking in previous quarter at 893.

Operating Income TTM Q/Q Growth Statistics
High Average Low
376.01 %
26.16 %
-31.15 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Grocery Stores Industry # 2
Retail Sector # 11
Overall # 144

Operating Income TTM Y/Y Growth Statistics
High Average Low
376.01 %
26.16 %
-31.15 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 16
S&P 500 # 346




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



Companies with similar Operating Income drop for the quarter ending Dec 30 2023 within Retail SectorY/Y Change %Operating Income for the quarter ending Dec 30 2023
Albertsons Companies Inc -2.80%$ -2.799 millions
Cvs Health Corporation-6.77%$ -6.772 millions
Firstcash Holdings Inc -9.96%$ -9.958 millions
Monro inc -10.33%$ -10.329 millions
Autonation Inc -17.65%$ -17.651 millions
Eplus Inc -18.10%$ -18.105 millions
Group 1 Automotive Inc-19.55%$ -19.545 millions
Penske Automotive Group Inc -20.80%$ -20.805 millions
Live Ventures Incorporated-22.47%$ -22.466 millions
Amcon Distributing Co-30.74%$ -30.735 millions
Scansource Inc -31.97%$ -31.969 millions
Ingles Markets Incorporated-37.73%$ -37.730 millions
Nu Skin Enterprises Inc -41.50%$ -41.502 millions
Mckesson Corporation-48.27%$ -48.268 millions
Onewater Marine Inc -75.61%$ -75.614 millions
Yoshitsu Co Ltd-87.09%$ -87.088 millions




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