{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-24-000198","form_type":"8-K","ticker":"IMKTA","cik":"0000050493","company_name":"INGLES MARKETS INC","filed_at":"2024-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.637650+00:00","generated_at":"2026-06-06T06:00:19.594652+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 Q1 net income falls 37% to $43.4M; diluted EPS $2.28 vs $3.65","bullets":["Net sales $1.48B, down 0.8% YoY; gross margin narrowed to 23.6% from 24.9%.","Net income $43.4M vs $69.4M; diluted EPS $2.28 vs $3.65 a year ago.","Operating expenses rose to $289.8M from $276.2M; interest expense $5.7M vs $5.3M.","Total debt $546.9M, down from $564.5M; no borrowings under $150M credit line.","Capital expenditures $63.2M vs $59.3M; liquidity sufficient for planned needs."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-24-000198","json":"https://secwatch.observer/filing/0001157523-24-000198.json","markdown":"https://secwatch.observer/filing/0001157523-24-000198.md","text":"https://secwatch.observer/filing/0001157523-24-000198.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/50493/000115752324000198/0001157523-24-000198-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/50493/000115752324000198/a53893637.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T06:00:19.594652+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":"586b1db5cb4c832b50ec4947ae0a3915910e0fd7","claim":"INGLES MARKETS INC reported Q1 2024 ended December 30, 2023 results: revenue $1.48 billion, net income $43.4 million, EPS $2.33 per diluted share.","evidence_excerpt":"on providing service and value to our customers. We are grateful to our associates for their continued dedication and service.” First Quarter 2024 Results Net sales totaled $1.48 billion for the quarter ended December 30, 2023, a decrease of 0.8% compared with $1.49 billion for the quarter ended December 24, 2022. Gross profit for the first quarter of fiscal 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/50493/000115752324000198/0001157523-24-000198-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q1 2024 ended December 30, 2023"},{"label":"Revenue","value":"$1.48 billion"},{"label":"Net income","value":"$43.4 million"},{"label":"EPS","value":"$2.33 per diluted share"},{"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"}