{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000726","form_type":"8-K","ticker":"IMKTA","cik":"0000050493","company_name":"INGLES MARKETS INC","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.885755+00:00","generated_at":"2026-06-15T23:17:55.011688+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ingles Q2 net income falls to $40.5M from $68.6M; EPS $2.18 vs $3.70","bullets":["Q2 net sales $1.381B (+0.25% YoY); gross margin contracted to 23.6% from 25.3%.","Operating expenses rose to $268.9M from $254.7M, pressuring margins.","First-half net income $109.9M vs $134.8M YoY; diluted EPS $5.79 vs $7.10.","Capital expenditures surged to $91.4M in H1 from $34.1M a year ago.","No outstanding borrowings on $150M line of credit; total debt $556.7M."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000726","json":"https://secwatch.observer/filing/0001157523-23-000726.json","markdown":"https://secwatch.observer/filing/0001157523-23-000726.md","text":"https://secwatch.observer/filing/0001157523-23-000726.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/50493/000115752323000726/0001157523-23-000726-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/50493/000115752323000726/a53393109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:17:55.011688+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"68506d94e8d67f912a6de9d872324be29c42e20b","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/50493/000115752323000726/0001157523-23-000726-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended March 25, 2023"},{"label":"Revenue","value":"$1.381 billion"},{"label":"Net income","value":"$40.5 million"},{"label":"EPS","value":"$2.18 and $2.13, respectively"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a481f0942893aa7292b0e94def2dbab5c674753e","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/50493/000115752323000726/0001157523-23-000726-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"six months ended March 25, 2023"},{"label":"Revenue","value":"$2.87 billion"},{"label":"Net income","value":"$109.9 million"},{"label":"EPS","value":"$5.92 and $5.79, respectively"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}