Highest-materiality recent filing
Ingles Markets Q3 net income $25.9M ($1.39 Class A EPS); YTD net income up 35%
Q3 net sales $1.37B, up 1.5% YoY from $1.35B; gross margin flat at 24.3%.
Director Brenda Tudor resigns from Ingles Markets board effective Sept 8, 2026
Brenda S. Tudor notified the Board of her resignation effective September 8, 2026.
Ingles Q2 net income up 61% to $24.3M; diluted EPS $1.28 vs $0.80
Q2 net sales $1.31B, down 1.8% YoY; gross margin improved to 24.9% from 23.4%.
Ingles Markets annual meeting: director Lowe faces 73% withheld votes; bylaw changes
Director Rebekah Lowe received 3,406,721 for and 9,239,970 withheld (73% withhold).
Ingles Markets Q1 net sales up 6.6% to $1.37B; net income rises to $28.1M
Net sales $1.37B (+6.6% YoY); gross profit margin expanded to 24.4% from 23.4%.
Ingles Markets Q4 net income $25.7M vs loss $1.5M; FY EPS $4.50 vs $5.68
Q4 net sales $1.37B, down from $1.40B YoY; gross margin expanded to 24.5% from 21.4%.
Ingles Markets board member Lowden resigns; Keith Collins appointed
John R. Lowden resigned from the Board effective November 21, 2025, with the resignation accepted immediately.
Director John R. Lowden to resign from Ingles Markets board effective Dec. 31, 2025
John R. Lowden notified the Board on Oct. 23, 2025 of his decision not to stand for re-election.
Ingles Markets adopts amended bylaws with advance notice and indemnification updates
Second Amended and Restated Bylaws adopted Sept 19, 2025, effective immediately.
Ingles Markets Q3 net income falls 17% to $26.2M; sales down 2.9%
Q3 net sales $1.35B vs $1.39B a year ago; gross margin improved to 24.3% from 23.7%.
Ingles Q2 net income falls 53% to $15.1M; sales down 2.7% YoY
Net sales $1.33B, down 2.7% from $1.37B a year ago.
Eight directors elected: Ferguson and Lowden (Class A) with 3.8M and 2.0M votes; six Class B directors each received ~42.8M.
Ingles Markets Q1 net sales down 13% to $1.29B; EPS falls to $0.87 from $2.28
Net income $16.6M vs $43.4M YoY; diluted EPS $0.87 vs $2.28.
Ingles Markets Q4 net loss $1.5M; Hurricane Helene impairment $34.9M
Q4 net sales $1.40B (13 weeks) vs $1.58B (14 weeks) YoY; net loss $1.5M vs net income $52.6M.
Ingles Markets receives Nasdaq delisting notice for late 10-K filing due to Hurricane Helene
Received Nasdaq non-compliance notice on Dec 20 for failing to file FY2024 10-K by Nov 29 due date.
Ingles Markets estimates $35-55M impairment from Hurricane Helene; 4 stores closed
194 of 198 stores open; 4 closed due to flood damage, expected to reopen in 3-9 months.
Ingles Markets 186 of 198 stores open after Hurricane Helene; 12 closed due to power outages
Hurricane Helene caused unprecedented flooding, property damage, and power/water outages across Ingles' footprint.
Ingles Markets amends bylaws to allow remote shareholder meetings
Board on Sept 26 approved bylaw amendment permitting shareholder meetings via remote communication.
Ingles Q3 net income falls 34% to $31.7M; sales down to $1.39B
Q3 net sales $1.39B (-2.8% YoY); net income $31.7M vs $48.3M.
Ingles Markets Q2 net income falls 21% to $31.9M; EPS $1.72 vs $2.18
Q2 sales $1.37B (-0.95% YoY); gross margin 23.5% vs 23.6%.
Ingles Markets elects eight directors, approves say-on-pay, rejects two shareholder proposals
All eight director nominees elected: Class B nominees each received ~42.9M votes; Class A nominees Ferguson (2.3M) and Lowden (3.2M).
Ingles Markets Q1 net income falls 37% to $43.4M; diluted EPS $2.28 vs $3.65
Net sales $1.48B, down 0.8% YoY; gross margin narrowed to 23.6% from 24.9%.
Ingles Markets Q4 net income $52.6M ($2.77 EPS) vs $70.2M ($3.69); FY net income $210.8M vs $272.8M
Q4 net sales $1.58B (+9% YoY on 14 vs 13 weeks); gross margin 23.3% vs 25.1%.
Ingles Markets Q3 net income down 29% YoY to $48.3M; EPS $2.60 vs $3.65
Net sales $1.43B vs $1.46B YoY, down 2.1%; gross margin fell to 23.6% from 24.1%.
Ingles Q2 net income falls to $40.5M from $68.6M; EPS $2.18 vs $3.70
Q2 net sales $1.381B (+0.25% YoY); gross margin contracted to 23.6% from 25.3%.
All eight board nominees elected; Class B director votes ranged from 43.5M to 43.5M for, 1,970 withheld.
Ingles Markets Q1 sales up 7.3% to $1.49B; net income $69.4M
Net income of $69.4M ($3.73 basic EPS Class A) vs $66.2M ($3.57) a year ago.
Ingles Markets announces retirement of L. Keith Collins as President of Milkco subsidiary
L. Keith Collins retired as President of Milkco, Inc., a wholly owned subsidiary, effective September 30, 2022.
Ingles Markets Q4 net income $70.2M vs $71.7M; FY net income up to $272.8M
Q4 net sales $1.45B (+8.2% YoY); ex-gasoline comp store sales +5.2%.
Net sales $1.46B (+14% YoY); grocery comparable store sales excluding gasoline +5.7%.
Ingles Q2 sales up 16.3% to $1.38B, net income $68.6M, EPS $3.70
Net sales $1.38B (+16.3% YoY); net income $68.6M vs $52.2M.
Appoints CFO Patricia E. Jackson to Board of Directors, filling vacancy
Patricia E. Jackson, 57, appointed as director effective March 28, 2022.
Ingles Markets appoints Patricia E. Jackson as CFO effective February 23, 2022
Patricia E. Jackson, controller since 2010, appointed CFO and principal accounting officer.
Ingles Markets shareholders elect all director nominees; say-on-pay and charter amendment approved
All seven director nominees elected; Class B holders provided 44.4M votes each, securing board seats.
Ingles Markets Q1 net sales up 16.9% to $1.39B; net income rises to $66.2M
Net sales $1.39B for Dec 2021 quarter, up 16.9% from $1.19B a year ago.
Ingles Markets CFO Ron Freeman to retire effective February 16, 2022
CFO Ronald B. Freeman retiring effective Feb 16, 2022; he also will not stand for reelection to board.
Ingles Markets Q4 sales up 11.6%, net income $71.7M; diluted EPS $3.78
Q4 net sales $1.34B (+11.6% YoY); net income $71.7M vs $57.9M; diluted EPS $3.78 vs $2.86.
Ingles Markets Q3 net sales $1.28B (+7.4%), EPS $3.88 vs $3.18; issues $350M 4% Senior Notes
Net sales $1.28B (+7.4% YoY); net income $72.0M vs $62.8M; diluted EPS Class A $3.79 vs $3.10.
On September 30, 2022, Mr. L. Keith Collins, a named executive officer of Ingles Markets, Incorporated, a North Carolina corporation (the “ Company ”), retired from his position as President of Milkco, Inc., a wholly owned subsidiary of the Company.
appointed Patricia E. Jackson, 57, as a director to fill the vacancy created by the previously reported retirement of Mr. Ronald B. Freeman.
appointed Patricia E. Jackson, who currently serves as the Company’s controller, to serve as the Company’s Chief Financial Officer (and principal accounting officer), effective February 23, 2022.
On December 27, 2021, Ronald B. Freeman, Vice President-Finance and Chief Financial Officer of Ingles Markets, Incorporated, a North Carolina corporation (the “Company”), delivered notice of his retirement, effective February 16, 2022.
Concurrently with his notice of retirement, Mr. Freeman notified the Company that he would not stand for reelection as a director at the Company’s next Annual Meeting of Stockholders, which is currently scheduled for February 15, 2022.
Max materiality 0.80 · Median 0.65 · Most common event earnings