secwatch.observer — SEC 8-K summary
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Issuer:     INGLES MARKETS INC (IMKTA)
CIK:        0000050493
Form:       8-K
Filed at:   2024-12-27T23:59:59+00:00
Accession:  0001437749-24-038431
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingles Markets Q4 net loss $1.5M; Hurricane Helene impairment $34.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50493/000143774924038431/0001437749-24-038431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50493/000143774924038431/imkta20241226_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-038431

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