secwatch.observer — SEC 8-K summary
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Issuer:     INGLES MARKETS INC (IMKTA)
CIK:        0000050493
Form:       8-K
Filed at:   2021-11-24T23:59:59+00:00
Accession:  0001157523-21-001448
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingles Markets Q4 sales up 11.6%, net income $71.7M; diluted EPS $3.78
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50493/000115752321001448/0001157523-21-001448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50493/000115752321001448/a52539046.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001448

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