secwatch.observer — SEC 8-K summary
======================================

Issuer:     INGLES MARKETS INC (IMKTA)
CIK:        0000050493
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001157523-22-000143
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingles Markets Q1 net sales up 16.9% to $1.39B; net income rises to $66.2M
--------------------------------------------------------------------------

- Net sales $1.39B for Dec 2021 quarter, up 16.9% from $1.19B a year ago.
- Net income $66.2M ($3.48 diluted EPS Class A) vs $53.8M ($2.66) in prior year.
- Gross profit $350.5M (25.2% margin) vs $314.2M (26.4%); margin declined.
- Operating expenses $260.1M, up from $238.2M; interest expense fell to $5.4M from $6.4M.
- Capital expenditures $21.3M vs $34.2M; no borrowings on $150M line; total debt $586.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50493/000115752322000143/0001157523-22-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50493/000115752322000143/a52573031.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer