secwatch.observer — SEC 8-K summary
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Issuer:     INGLES MARKETS INC (IMKTA)
CIK:        0000050493
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001437749-24-025276
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingles Q3 net income falls 34% to $31.7M; sales down to $1.39B
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- Q3 net sales $1.39B (-2.8% YoY); net income $31.7M vs $48.3M.
- Diluted EPS Class A $1.67 vs $2.54; gross margin 23.7% vs 23.6%.
- Nine-month net income $107.0M vs $158.2M; diluted EPS $5.63 vs $8.33.
- Operating expenses rose to $286.3M from $270.9M; interest flat at $5.4M.
- Capex YTD $143M; FY24 capex guidance $170M-$190M; no revolver borrowings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50493/000143774924025276/0001437749-24-025276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50493/000143774924025276/imkta20240807_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-025276

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