Ingles Markets estimates $35-55M impairment from Hurricane Helene; 4 stores closed

INGLES MARKETS INC

194 of 198 stores open; 4 closed due to flood damage, expected to reopen in 3-9 months.
Estimated pre-insurance impairment charge of $35-55M for lost inventory and property.
Expects $10-15M insurance recovery, reducing net impairment charge.
Distribution center is fully operational after Hurricane Helene disruption.
Impairment to be recorded in fiscal year ended September 28, 2024.

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