secwatch / observer
8-K filed May 4, 2023, 7:59 PM ET ticker IMKTA CIK 0000050493
earnings confidence high sentiment negative materiality 0.75

Ingles Q2 net income falls to $40.5M from $68.6M; EPS $2.18 vs $3.70

INGLES MARKETS INC

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

INGLES MARKETS INC reported second quarter ended March 25, 2023 results: revenue $1.381 billion, net income $40.5 million, EPS $2.18 and $2.13, respectively.

Period
second quarter ended March 25, 2023
Revenue
$1.381 billion
Net income
$40.5 million
EPS
$2.18 and $2.13, respectively
Result
reported results
Exact text from the filing
of our customer-driven associates, who helped us provide affordable, high-quality products in an inflationary environment.” Second Quarter 2023 Results Net sales totaled $1.381 billion for the quarter ended March 25, 2023, an increase of 0.25% compared with $1.377 billion for the quarter ended March 26, 2022. Gross profit for the second quarter of fiscal 2023
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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

INGLES MARKETS INC reported six months ended March 25, 2023 results: revenue $2.87 billion, net income $109.9 million, EPS $5.92 and $5.79, respectively.

Period
six months ended March 25, 2023
Revenue
$2.87 billion
Net income
$109.9 million
EPS
$5.92 and $5.79, respectively
Result
reported results
Exact text from the filing
March 25, 2023, as compared with $3.70 and $3.61, respectively, for the quarter ended March 26, 2022. First Half Fiscal 2023 Results First half fiscal 2023 net sales totaled $2.87 billion, an increase of 3.8% compared with $2.77 billion in the first half of fiscal 2022. Gross profit for the six months ended March 25, 2023, totaled $697.1 million, as compared with
View on SEC.gov

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Source: SEC EDGAR
accession 0001157523-23-000726
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