earnings
confidence high
sentiment neutral
materiality 0.70
Ingles Markets Q3 net income $67.8M ($3.57 diluted EPS), down from $72.0M a year ago; sales up 14% to $1.46B
INGLES MARKETS INC
- Net sales $1.46B (+14% YoY); grocery comparable store sales excluding gasoline +5.7%.
- Net income $67.8M vs $72.0M; diluted EPS $3.57 vs $3.79 (Class A).
- Gross margin 24.1% vs 26.4%; inflationary pressure and supply chain cited.
- Nine-month net income $202.6M vs $178.0M; diluted EPS $10.67 vs $8.98.
- FY capex guidance ~$100-120M; full availability on $150M credit line.