earnings
confidence high
sentiment positive
materiality 0.75
Ingles Q2 sales up 16.3% to $1.38B, net income $68.6M, EPS $3.70
INGLES MARKETS INC
- Net sales $1.38B (+16.3% YoY); net income $68.6M vs $52.2M.
- Class A diluted EPS $3.61 vs $2.58; gross margin 25.3% vs 26.2%.
- First half net income $134.8M, diluted EPS $7.10 on sales $2.77B.
- Total debt reduced to $578.5M from $647.8M; no borrowings on $150M line.
- Capex $34.1M in H1 vs $69.4M prior year; labor costs driving expense increase.