---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001672"
form_type: "8-K"
ticker: "IMKTA"
cik: "0000050493"
company_name: "INGLES MARKETS INC"
filed_at: "2022-11-23T23:59:59+00:00"
generated_at: "2026-06-21T13:41:42.646504+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-22-001672
- form_type: 8-K
- ticker: IMKTA
- cik: 0000050493
- company_name: INGLES MARKETS INC
- filed_at: 2022-11-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50493/000115752322001672/0001157523-22-001672-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50493/000115752322001672/a52977063.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001672
- JSON: https://secwatch.observer/filing/0001157523-22-001672.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001672.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/50493/000115752322001672/0001157523-22-001672-index.htm
- Earnings Releases
  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
  source text: 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 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/50493/000115752322001672/0001157523-22-001672-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.