earnings
confidence high
sentiment negative
materiality 0.70
Ingles Q2 net income falls 53% to $15.1M; sales down 2.7% YoY
INGLES MARKETS INC
- Net sales $1.33B, down 2.7% from $1.37B a year ago.
- Net income $15.1M ($0.81 diluted EPS) vs $31.9M ($1.68) in Q2 2024.
- Gross margin 23.4% vs 23.5%; operating expenses rose to $289.1M.
- Total debt reduced to $521.6M from $539.1M; interest expense down to $4.9M.
- First-half net income $31.7M ($1.67 diluted) vs $75.3M ($3.96) prior year.