Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
INGLES MARKETS INC reported the nine months ended June 24, 2023 results: revenue $4.31 billion, net income $158.2 million, EPS $8.51 and $8.33.
- Period
- the nine months ended June 24, 2023
- Revenue
- $4.31 billion
- Net income
- $158.2 million
- EPS
- $8.51 and $8.33
- Result
- reported results
Exact text from the filing
Net sales totaled $4.31 billion for the nine months ended June 24, 2023, as compared with $4.23 billion for the nine months ended June 25, 2022. Gross profit for the nine months ended June 24, 2023, totaled $1.04 billion, or 24.0% of sales. Gross profit for the nine months ended June 25, 2022, totaled $1.05 billion, or 24.9% of sales. Operating and administrative expenses totaled $816.0 million for the nine months ended June 24, 2023, as compared to $772.2 million for the nine months ended June 25, 2022. Interest expenses remained flat at $16.1 million for both nine-month periods ended June 24, 2023, and June 25, 2022. Net income totaled $158.2 million for the nine-month period ended June 24, 2023, compared with $202.6 million for the nine-month period ended June 25, 2022. Basic and diluted earnings per share for Class A Common Stock were $8.51 and $8.33, respectively, for the nine months ended June 24, 2023, as compared with $10.91 and $10.67, respectively, for the nine months ended J
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
INGLES MARKETS INC reported the quarter ended June 24, 2023 results: revenue $1.43 billion, net income $48.3 million, EPS $2.60 and $2.54.
- Period
- the quarter ended June 24, 2023
- Revenue
- $1.43 billion
- Net income
- $48.3 million
- EPS
- $2.60 and $2.54
- Result
- reported results
Exact text from the filing
Net sales totaled $1.43 billion for the quarter ended June 24, 2023, compared with $1.46 billion for the quarter ended June 25, 2022. Gross profit for the third quarter of fiscal 2023 totaled $338.1 million, or 23.6% of sales. Gross profit for the third quarter of fiscal 2022 was $351.9 million, or 24.1% of sales. Operating and administrative expenses for the third quarter of fiscal 2023 totaled $270.9 million compared with $257.3 million for the third quarter of fiscal 2022. Interest expenses totaled $5.4 million for the third quarter of fiscal 2023, as compared with $5.3 million for the third quarter of fiscal 2022. Net income totaled $48.3 million for the third quarter of fiscal 2023, as compared with $67.8 million for the third quarter of fiscal 2022. Basic and diluted earnings per share for Class A Common Stock were $2.60 and $2.54, respectively, for the quarter ended June 24, 2023, as compared with $3.65 and $3.57, respectively, for the quarter ended June 25, 2022. Basic and dilu
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