secwatch.observer — SEC 8-K summary
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Issuer:     INGLES MARKETS INC (IMKTA)
CIK:        0000050493
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001437749-24-032481
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 2.06, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50493/000143774924032481/0001437749-24-032481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50493/000143774924032481/imkta20241029_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-032481

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