{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-015458","form_type":"8-K","ticker":"IMKTA","cik":"0000050493","company_name":"INGLES MARKETS INC","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.646571+00:00","generated_at":"2026-06-02T07:25:31.166433+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 Q2 net income falls 21% to $31.9M; EPS $1.72 vs $2.18","bullets":["Q2 sales $1.37B (-0.95% YoY); gross margin 23.5% vs 23.6%.","Operating expenses rose to $284.8M from $268.9M, pressuring margins.","First-half net income $75.3M vs $109.9M; basic EPS $4.05 vs $5.92.","Debt reduced to $539.1M; no borrowings on $150M line of credit.","Capex $98.4M in H1; company expects sufficient liquidity for needs."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-015458","json":"https://secwatch.observer/filing/0001437749-24-015458.json","markdown":"https://secwatch.observer/filing/0001437749-24-015458.md","text":"https://secwatch.observer/filing/0001437749-24-015458.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/50493/000143774924015458/0001437749-24-015458-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/50493/000143774924015458/imkta20240508_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T07:25:31.166433+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":"181f048859453065625e6ce8a320705644d4164d","claim":"INGLES MARKETS INC reported six months ended March 30, 2024 results: revenue $2.85 billion, net income $75.3 million, EPS $4.05 and $3.96.","evidence_excerpt":"March 30, 2024, as compared with $2.18 and $2.13, respectively, for the quarter ended March 25, 2023. First Half Fiscal 2024 Results First half fiscal 2024 net sales totaled $2.85 billion, a decrease of 0.88% compared with $2.87 billion in the first half of fiscal 2023. Gross profit for the six months ended March 30, 2024, totaled $670.7 million, as compared with","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/50493/000143774924015458/0001437749-24-015458-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"six months ended March 30, 2024"},{"label":"Revenue","value":"$2.85 billion"},{"label":"Net income","value":"$75.3 million"},{"label":"EPS","value":"$4.05 and $3.96"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b66a17a8f2dae20ceba6d08b66c9076089d236f0","claim":"INGLES MARKETS INC reported second quarter ended March 30, 2024 results: revenue $1.37 billion, net income $31.9 million, EPS $1.72 and $1.68.","evidence_excerpt":"stated, “We are pleased with our results and thank all our associates for their continued service to our customers and company.” Second Quarter 2024 Results Net sales totaled $1.37 billion for the quarter ended March 30, 2024, a decrease of 0.95% compared with $1.38 billion for the quarter ended March 25, 2023. Gross profit for the second quarter of fiscal 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/50493/000143774924015458/0001437749-24-015458-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended March 30, 2024"},{"label":"Revenue","value":"$1.37 billion"},{"label":"Net income","value":"$31.9 million"},{"label":"EPS","value":"$1.72 and $1.68"},{"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"}