---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001781"
form_type: "8-K"
ticker: "IMKTA"
cik: "0000050493"
company_name: "INGLES MARKETS INC"
filed_at: "2023-11-29T23:59:59+00:00"
generated_at: "2026-06-07T20:36:03.036619+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ingles Markets Q4 net income $52.6M ($2.77 EPS) vs $70.2M ($3.69); FY net income $210.8M vs $272.8M

## Summary
- Q4 net sales $1.58B (+9% YoY on 14 vs 13 weeks); gross margin 23.3% vs 25.1%.
- Q4 net income $52.6M ($2.77 diluted Class A EPS) down from $70.2M ($3.69).
- FY2023 net sales $5.89B (+4% on 53-week yr); net income $210.8M ($11.10 diluted EPS) vs $272.8M ($14.36).
- Total debt reduced to $550.2M from $571.9M; full $150M line of credit available.
- Capital expenditures $173.6M vs $119.6M; company expects sufficient liquidity.

## SEC filing metadata
- accession: 0001157523-23-001781
- form_type: 8-K
- ticker: IMKTA
- cik: 0000050493
- company_name: INGLES MARKETS INC
- filed_at: 2023-11-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50493/000115752323001781/0001157523-23-001781-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50493/000115752323001781/a53863810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001781
- JSON: https://secwatch.observer/filing/0001157523-23-001781.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001781.txt

## Key facts
- Earnings Releases
  INGLES MARKETS INC reported the three months ended September 30, 2023 results: revenue $1.58 billion, net income $52.6 million, EPS $2.83 and $2.77, respectively, for the quarter ended September 30, 2023.
  - Period: the three months ended September 30, 2023
  - Revenue: $1.58 billion
  - Net income: $52.6 million
  - EPS: $2.83 and $2.77, respectively, for the quarter ended September 30, 2023
  - Result: reported results
  source text: Net sales totaled $1.58 billion for the quarter ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/50493/000115752323001781/0001157523-23-001781-index.htm
- Earnings Releases
  INGLES MARKETS INC reported the twelve months ended September 30, 2023 results: revenue $5.89 billion, net income $210.8 million, EPS $11.35 and $11.10, respectively, for the fiscal year ended September 30, 2023.
  - Period: the twelve months ended September 30, 2023
  - Revenue: $5.89 billion
  - Net income: $210.8 million
  - EPS: $11.35 and $11.10, respectively, for the fiscal year ended September 30, 2023
  - Result: reported results
  source text: Net sales totaled $5.89 billion for the fiscal year ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/50493/000115752323001781/0001157523-23-001781-index.htm

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