earnings
confidence high
sentiment positive
materiality 0.70
Ingles Q2 net income up 61% to $24.3M; diluted EPS $1.28 vs $0.80
INGLES MARKETS INC
- Q2 net sales $1.31B, down 1.8% YoY; gross margin improved to 24.9% from 23.4%.
- Net income $24.3M vs $15.1M; diluted EPS $1.28 vs $0.80.
- First-half net sales $2.68B (+2.4%); net income $52.4M vs $31.7M; diluted EPS $2.76.
- Total debt reduced to $503.8M from $521.6M; interest expense down to $4.5M for Q2.
- Capital expenditures $53.0M in H1, down from $62.0M in prior-year period.