earnings
confidence high
sentiment negative
materiality 0.80
Ingles Markets Q4 net loss $1.5M; Hurricane Helene impairment $34.9M
INGLES MARKETS INC
- Q4 net sales $1.40B (13 weeks) vs $1.58B (14 weeks) YoY; net loss $1.5M vs net income $52.6M.
- Diluted EPS Class A -$0.08 in Q4 vs $2.77 last year; FY diluted EPS $5.56 vs $11.10.
- Hurricane Helene caused $30.4M inventory impairment and $4.5M property impairment in Q4.
- FY net sales $5.64B (52 weeks) vs $5.89B (53 weeks); net income $105.5M vs $210.8M.
- Total debt $532.6M; full $150M credit line available; capex $210.9M in FY2024.