---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000150"
form_type: "8-K"
ticker: "IMKTA"
cik: "0000050493"
company_name: "INGLES MARKETS INC"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:53:42.513420+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-000150
- form_type: 8-K
- ticker: IMKTA
- cik: 0000050493
- company_name: INGLES MARKETS INC
- filed_at: 2023-02-02T23:59:59+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/50493/000115752323000150/0001157523-23-000150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50493/000115752323000150/a53297741.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000150
- JSON: https://secwatch.observer/filing/0001157523-23-000150.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000150.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/50493/000115752323000150/0001157523-23-000150-index.htm

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