Ingles Markets Q1 sales up 7.3% to $1.49B; net income $69.4M

INGLES MARKETS INC

Net income of $69.4M ($3.73 basic EPS Class A) vs $66.2M ($3.57) a year ago.
Gross profit $371.2M (24.9% of sales) vs $350.5M (25.2%) in Q1 2022.
Total debt $564.5M vs $586.1M; no borrowings under $150M line of credit.
Capital expenditures $59.3M, up from $21.3M in prior-year quarter.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INGLES MARKETS INC reported first quarter ended December 24, 2022 results: revenue 1.49 billion, net income 69.4 million, EPS 3.73.

Period: first quarter ended December 24, 2022
Revenue: 1.49 billion
Net income: 69.4 million
EPS: 3.73
Result: reported results

Exact text from the filing

Net sales totaled $1.49 billion for the quarter ended December 24, 2022, an increase of 7.3% compared with $1.39 billion for the quarter ended December 25, 2021.

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Source: SEC EDGAR

accession 0001157523-23-000150

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