earnings
confidence high
sentiment positive
materiality 0.80
Ingles Markets Q4 sales up 11.6%, net income $71.7M; diluted EPS $3.78
INGLES MARKETS INC
- Q4 net sales $1.34B (+11.6% YoY); net income $71.7M vs $57.9M; diluted EPS $3.78 vs $2.86.
- FY2021 net sales $4.99B (+8.2%); net income $249.7M vs $178.6M; diluted EPS $12.73 vs $8.82.
- Q4 gross margin fell to 25.6% from 27.1%; operating expenses rose to $248.9M on higher personnel and safety costs.
- Total debt reduced to $589.5M from $605.5M; Q4 interest expense $6.2M vs $8.7M due to refinancing.
- Capital expenditures $140.6M for FY, focused on new stores; full $150M credit line available.