Ingles Markets Q4 net income $70.2M vs $71.7M; FY net income up to $272.8M

INGLES MARKETS INC

Q4 net sales $1.45B (+8.2% YoY); ex-gasoline comp store sales +5.2%.
FY net sales $5.68B (+13.8% YoY); ex-gasoline comp store sales +7.7%.
Q4 diluted EPS Class A $3.69 vs $3.78; FY diluted EPS Class A $14.36 vs $12.73.
FY operating expenses $1.0B; interest expense $21.5M vs $24.3M.
Total debt $571.9M at year-end; full $150M line of credit available.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INGLES MARKETS INC reported the quarter ended September 24, 2022 results: revenue $1.45 billion, net income $70.2 million, EPS $3.78.

Period: the quarter ended September 24, 2022
Revenue: $1.45 billion
Net income: $70.2 million
EPS: $3.78
Result: reported results

Exact text from the filing

Net sales totaled $1.45 billion for the quarter ended September 24, 2022, compared with $1.34 billion for the quarter ended September 25, 2021. Excluding gasoline sales, comparable store sales increased 5.2% over the comparative fiscal quarter. Gross profit for the fourth quarter of fiscal 2022 totaled $364.8 million, or 25.1% of sales. Gross profit for the fourth quarter of fiscal 2021 was $341.3 million, or 25.6% of sales. Operating and administrative expenses for the September 2022 quarter totaled $268.0 million compared with $248.9 million for the September 2021 quarter. Interest expense totaled $5.4 million for the fourth quarter of fiscal 2022 compared with $6.2 million for the fourth quarter of fiscal 2021. Total debt at the end of fiscal 2022 was $571.9 million compared with $589.5 million at the end of fiscal 2021. Net income totaled $70.2 million for the September 2022 quarter compared with $71.7 million for the September 2021 quarter. Basic and diluted earnings per share for

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INGLES MARKETS INC reported the fiscal year ended September 24, 2022 results: revenue $5.68 billion, net income $272.8 million, EPS $14.69.

Period: the fiscal year ended September 24, 2022
Revenue: $5.68 billion
Net income: $272.8 million
EPS: $14.69
Result: reported results

Exact text from the filing

Net sales totaled $5.68 billion for the fiscal year ended September 24, 2022, compared with $4.99 billion for the fiscal year ended September 25, 2021. Excluding gasoline sales, comparable store sales increased 7.7% over the comparative fiscal year. Gross profit for the fiscal year ended September 24, 2022, totaled $1.42 billion, or 24.9% of sales. Gross profit for the fiscal year ended September 25, 2021, totaled $1.30 billion, or 26.1% of sales. Operating and administrative expenses totaled $1.0 billion for the fiscal year ended September 24, 2022, and $963.3 million for the fiscal year ended September 25, 2021. Interest expense was $21.5 million for the fiscal year ended September 24, 2022, compared with $24.3 million for the fiscal year ended September 25, 2021. Net income totaled $272.8 million for the fiscal year ended September 24, 2022, compared with $249.7 million for the fiscal year ended September 25, 2021. Basic and diluted earnings per share for Class A Common Stock were $

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Source: SEC EDGAR

accession 0001157523-22-001672

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