{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-001244","form_type":"8-K","ticker":"IMKTA","cik":"0000050493","company_name":"INGLES MARKETS INC","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.376307+00:00","generated_at":"2026-06-12T09:51:29.799813+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Ingles Markets Q3 net income down 29% YoY to $48.3M; EPS $2.60 vs $3.65","bullets":["Net sales $1.43B vs $1.46B YoY, down 2.1%; gross margin fell to 23.6% from 24.1%.","Operating expenses rose to $270.9M from $257.3M, pressuring margins.","9-month EPS $8.51 (Class A) vs $10.91 YoY; net income $158.2M vs $202.6M.","Capex $137.1M YTD vs $73.2M; FY2023 capex guided $170M-$190M.","No outstanding borrowings on $150M credit line; liquidity cited as sufficient."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-001244","json":"https://secwatch.observer/filing/0001157523-23-001244.json","markdown":"https://secwatch.observer/filing/0001157523-23-001244.md","text":"https://secwatch.observer/filing/0001157523-23-001244.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/50493/000115752323001244/0001157523-23-001244-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/50493/000115752323001244/a53505573.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T09:51:29.799813+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":"846471c339eded5c6fa4a4545ac1a40a2c55a7ac","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/50493/000115752323001244/0001157523-23-001244-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended June 24, 2023"},{"label":"Revenue","value":"$4.31 billion"},{"label":"Net income","value":"$158.2 million"},{"label":"EPS","value":"$8.51 and $8.33"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f703831cbbe7013f46cdfd23f62a0dd3256bde95","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/50493/000115752323001244/0001157523-23-001244-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 24, 2023"},{"label":"Revenue","value":"$1.43 billion"},{"label":"Net income","value":"$48.3 million"},{"label":"EPS","value":"$2.60 and $2.54"},{"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"}