secwatch.observer — SEC 8-K summary
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Issuer:     INGLES MARKETS INC (IMKTA)
CIK:        0000050493
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001157523-24-000198
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingles Markets Q1 net income falls 37% to $43.4M; diluted EPS $2.28 vs $3.65
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50493/000115752324000198/0001157523-24-000198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50493/000115752324000198/a53893637.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000198

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