INGLES MARKETS INC reported the six months ended March 28, 2026 results: revenue $2.68 billion, net income $52.4 million, EPS $2.76.
“First half fiscal 2026 net sales totaled $2.68 billion, an increase of 2.4% compared with $2.62 billion for the first half of fiscal 2025.”
Earnings Releases
INGLES MARKETS INC reported the three months ended March 28, 2026 results: revenue $1.31 billion, net income $24.3 million, EPS $1.28.
“Net sales totaled $1.31 billion for the quarter ended March 28, 2026, a decrease of 1.8% compared with $1.33 billion for the quarter ended March 29, 2025.”
Shareholder Votes
INGLES MARKETS INC shareholders approved Non-binding approval of executive compensation at the 2026-04-30 meeting.
“Consider and vote on a non-binding approval of the Company’s compensation for named executive officers as disclosed in the Company’s Proxy Statement for the Annual Meeting:”
Shareholder Votes
INGLES MARKETS INC shareholders approved Election of directors at the 2026-04-30 meeting.
“Elect eight members of the Board of Directors by holders of Class A Common Stock and Class B Common Stock, as applicable, to serve until the 2027 Annual Meeting of Shareholders:”
Governance Changes
INGLES MARKETS INC: Amended Article Five, Section 5.3(A) to require four (instead of two) directors to call special board meetings, and amended Article Eleven, Section 11.3(C) to align director inspection rights with the North Carolina Business Corporation Act and clarify procedures for resolving inspection-right dispu (effective 2026-04-29).
“On April 29, 2026, the board of directors (the “ Board ”) of Ingles Markets, Incorporated, a North Carolina corporation (the “ Company ”), adopted the Company’s Third Amended and Restated Bylaws (the “ Third A&R Bylaws ”), which amended and restated in their entirety the Company’s Second Amended and Restated By-Laws to: (i) amend Article Five, Section 5.3(A) to provide that special meetings of the Board may be called by four, rather than two, directors; and (ii) amend Article Eleven, Section 11.3(C) to align a director’s inspection rights with the North Carolina Business Corporation Act and make clear the procedure for resolving a disagreement regarding a director’s entitlement to inspection of particular records.”
Governance Changes
INGLES MARKETS INC: Adopted Second Amended and Restated Bylaws to update advance notice requirements, officer titles, indemnification provisions, and Board meeting timing, along with other modernizing updates (effective 2025-09-19).
“On September 19, 2025, the board of directors (the “ Board ”) of Ingles Markets, Incorporated, a North Carolina corporation (the “ Company ”), adopted the Company’s Second Amended and Restated Bylaws (the “ Second A&R Bylaws ”), which amended and restated in their entirety the Company’s Amended and Restated By-Laws”
Listing & Compliance Notices
INGLES MARKETS INC received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“December 20, 2024, Ingles Markets, Incorporated, a North Carolina corporation (the “Company”), received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that because the Company had not yet filed its Annual Report on Form 10-K for the fiscal year ended September 28, 2024 (the “Annual Report”), the Company was no longer in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Nasdaq Listing Rule”), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. The Notice has no immediate effect on th”
Restructurings & Charges
INGLES MARKETS INC announced a impairment with charges of $35.0 to $55.0 million affecting inventory and property.
“On October 28, 2024, the Company determined that, as a result of the impact of Hurricane Helene, which caused record flooding and devastation to western North Carolina and the surrounding areas, the Company would be required to record a material charge for impairment under U.S. generally accepted accounting principles. Currently, the Company estimates that it will record a charge of between $35.0 to $55.0 million, before the application of any insurance recovery, due to the loss of inventory and property.”
Earnings Releases
INGLES MARKETS INC reported six months ended March 30, 2024 results: revenue $2.85 billion, net income $75.3 million, EPS $4.05 and $3.96.
“March 30, 2024, as compared with $2.18 and $2.13, respectively, for the quarter ended March 25, 2023. First Half Fiscal 2024 Results First half fiscal 2024 net sales totaled $2.85 billion, a decrease of 0.88% compared with $2.87 billion in the first half of fiscal 2023. Gross profit for the six months ended March 30, 2024, totaled $670.7 million, as compared with”
Earnings Releases
INGLES MARKETS INC reported second quarter ended March 30, 2024 results: revenue $1.37 billion, net income $31.9 million, EPS $1.72 and $1.68.
“stated, “We are pleased with our results and thank all our associates for their continued service to our customers and company.” Second Quarter 2024 Results Net sales totaled $1.37 billion for the quarter ended March 30, 2024, a decrease of 0.95% compared with $1.38 billion for the quarter ended March 25, 2023. Gross profit for the second quarter of fiscal 2024”
Shareholder Votes
INGLES MARKETS INC shareholders rejected Stockholder proposal concerning risk disclosure related to consumer expectations on significant policy matters at the 2024-02-13 meeting.
“4. Consider and vote on a stockholder proposal concerning risk disclosure related to consumer expectations on significant policy matters as disclosed in the Company’s Proxy Statement for the Annual Meeting: Class A & B * For 3,021,489 Against 50,084,380 Abstain/Withheld 999,538 Broker Non-Votes 0”
Shareholder Votes
INGLES MARKETS INC shareholders rejected Stockholder proposal regarding cage free egg progress disclosure at the 2024-02-13 meeting.
“3. Consider and vote on a stockholder proposal regarding cage free egg progress disclosure as disclosed in the Company’s Proxy Statement for the Annual Meeting: Class A & B * For 2,890,476 Against 50,250,807 Abstain/Withheld 964,124 Broker Non-Votes 0”
Shareholder Votes
INGLES MARKETS INC shareholders approved Non-binding approval of the Company's compensation for named executive officers at the 2024-02-13 meeting.
“2. Consider and vote on a non-binding approval of the Company’s compensation for named executive officers as disclosed in the Company’s Proxy Statement for the Annual Meeting: Class A & B * For 50,989,199 Against 3,077,889 Abstain/Withheld 38,319 Broker Non-Votes 0”
Shareholder Votes
INGLES MARKETS INC shareholders approved Election of eight members of the Board of Directors at the 2024-02-13 meeting.
“1. Elect eight members of the Board of Directors by holders of Class A Common Stock and Class B Common Stock, as applicable, to serve until the 2025 Annual Meeting of Stockholders: Name Common Stock Votes For Votes Withheld Broker Non-Votes Ernest E. Ferguson Class A 2,283,213 8,919,884 0 John R. Lowden Class A 3,158,918 8,044,179 0 Fred D. Ayers Class B* 42,900,340 1,970 0 Robert P. Ingle, II Class B* 42,902,310 0 0 Patricia E. Jackson Class B* 42,902,310 0 0 James W. Lanning Class B* 42,902,310 0 0 Laura Ingle Sharp Class B* 42,900,340 1,970 0 Brenda S. Tudor Class B* 42,900,340 1,970 0”
Earnings Releases
INGLES MARKETS INC reported Q1 2024 ended December 30, 2023 results: revenue $1.48 billion, net income $43.4 million, EPS $2.33 per diluted share.
“on providing service and value to our customers. We are grateful to our associates for their continued dedication and service.” First Quarter 2024 Results Net sales totaled $1.48 billion for the quarter ended December 30, 2023, a decrease of 0.8% compared with $1.49 billion for the quarter ended December 24, 2022. Gross profit for the first quarter of fiscal 2024”
Earnings Releases
INGLES MARKETS INC reported the twelve months ended September 30, 2023 results: revenue $5.89 billion, net income $210.8 million, EPS $11.35 and $11.10, respectively, for the fiscal year ended September 30, 2023.
“Net sales totaled $5.89 billion for the fiscal year ended September 30, 2023”
Earnings Releases
INGLES MARKETS INC reported the three months ended September 30, 2023 results: revenue $1.58 billion, net income $52.6 million, EPS $2.83 and $2.77, respectively, for the quarter ended September 30, 2023.
“Net sales totaled $1.58 billion for the quarter ended September 30, 2023”
Earnings Releases
INGLES MARKETS INC reported the nine months ended June 24, 2023 results: revenue $4.31 billion, net income $158.2 million, EPS $8.51 and $8.33.
“Net sales totaled $4.31 billion for the nine months ended June 24, 2023, as compared with $4.23 billion for the nine months ended June 25, 2022. Gross profit for the nine months ended June 24, 2023, totaled $1.04 billion, or 24.0% of sales. Gross profit for the nine months ended June 25, 2022, totaled $1.05 billion, or 24.9% of sales. Operating and administrative expenses totaled $816.0 million for the nine months ended June 24, 2023, as compared to $772.2 million for the nine months ended June 25, 2022. Interest expenses remained flat at $16.1 million for both nine-month periods ended June 24, 2023, and June 25, 2022. Net income totaled $158.2 million for the nine-month period ended June 24, 2023, compared with $202.6 million for the nine-month period ended June 25, 2022. Basic and diluted earnings per share for Class A Common Stock were $8.51 and $8.33, respectively, for the nine months ended June 24, 2023, as compared with $10.91 and $10.67, respectively, for the nine months ended J”
Earnings Releases
INGLES MARKETS INC reported the quarter ended June 24, 2023 results: revenue $1.43 billion, net income $48.3 million, EPS $2.60 and $2.54.
“Net sales totaled $1.43 billion for the quarter ended June 24, 2023, compared with $1.46 billion for the quarter ended June 25, 2022. Gross profit for the third quarter of fiscal 2023 totaled $338.1 million, or 23.6% of sales. Gross profit for the third quarter of fiscal 2022 was $351.9 million, or 24.1% of sales. Operating and administrative expenses for the third quarter of fiscal 2023 totaled $270.9 million compared with $257.3 million for the third quarter of fiscal 2022. Interest expenses totaled $5.4 million for the third quarter of fiscal 2023, as compared with $5.3 million for the third quarter of fiscal 2022. Net income totaled $48.3 million for the third quarter of fiscal 2023, as compared with $67.8 million for the third quarter of fiscal 2022. Basic and diluted earnings per share for Class A Common Stock were $2.60 and $2.54, respectively, for the quarter ended June 24, 2023, as compared with $3.65 and $3.57, respectively, for the quarter ended June 25, 2022. Basic and dilu”
Earnings Releases
INGLES MARKETS INC reported six months ended March 25, 2023 results: revenue $2.87 billion, net income $109.9 million, EPS $5.92 and $5.79, respectively.
“March 25, 2023, as compared with $3.70 and $3.61, respectively, for the quarter ended March 26, 2022. First Half Fiscal 2023 Results First half fiscal 2023 net sales totaled $2.87 billion, an increase of 3.8% compared with $2.77 billion in the first half of fiscal 2022. Gross profit for the six months ended March 25, 2023, totaled $697.1 million, as compared with”
Earnings Releases
INGLES MARKETS INC reported second quarter ended March 25, 2023 results: revenue $1.381 billion, net income $40.5 million, EPS $2.18 and $2.13, respectively.
“of our customer-driven associates, who helped us provide affordable, high-quality products in an inflationary environment.” Second Quarter 2023 Results Net sales totaled $1.381 billion for the quarter ended March 25, 2023, an increase of 0.25% compared with $1.377 billion for the quarter ended March 26, 2022. Gross profit for the second quarter of fiscal 2023”
Shareholder Votes
INGLES MARKETS INC shareholders rejected Consider and vote on a stockholder proposal concerning equal voting rights per share as disclosed in the Company's Proxy Statement for the Annual Meeting at the 2023-02-14 meeting.
“3. Consider and vote on a stockholder proposal concerning equal voting rights per share as disclosed in the Company's Proxy Statement for the Annual Meeting: Class A & B * For 9,461,880 Against 44,967,043 Abstain 30,078 Broker Non-Votes 0”
Shareholder Votes
INGLES MARKETS INC shareholders approved Consider and vote on a non-binding approval of the Company's compensation for named executive officers as disclosed in the Company's Proxy Statement for the Annual Meeting at the 2023-02-14 meeting.
“2. Consider and vote on a non-binding approval of the Company's compensation for named executive officers as disclosed in the Company's Proxy Statement for the Annual Meeting: Class A & B * For 51,843,045 Against 2,573,840 Abstain 42,116 Broker Non-Votes 0”
Shareholder Votes
INGLES MARKETS INC shareholders approved Elect eight members of the Board of Directors by holders of Class A Common Stock and Class B Common Stock, as applicable, to serve until the 2024 Annual Meeting of Stockholders at the 2023-02-14 meeting.
“1. Elect eight members of the Board of Directors by holders of Class A Common Stock and Class B Common Stock, as applicable, to serve until the 2024 Annual Meeting of Stockholders: Name Common Stock Votes For Votes Withheld Broker Non-Votes Ernest E. Ferguson Class A 5,007,994 5,952,447 0 John R. Lowden Class A 5,613,244 5,347,197 0 Fred D. Ayers Class B* 43,496,590 1,970 0 Robert P. Ingle, II Class B* 43,498,560 0 0 Patricia E. Jackson Class B* 43,496,590 1,970 0 James W. Lanning Class B* 43,496,590 1,970 0 Laura Ingle Sharp Class B* 43,496,590 1,970 0 Brenda S. Tudor Class B* 43,496,590 1,970 0”
Earnings Releases
INGLES MARKETS INC reported first quarter ended December 24, 2022 results: revenue 1.49 billion, net income 69.4 million, EPS 3.73.
“Net sales totaled $1.49 billion for the quarter ended December 24, 2022, an increase of 7.3% compared with $1.39 billion for the quarter ended December 25, 2021.”
L. Keith Collins retired as President of Milkco, Inc. at INGLES MARKETS INC.
“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.”
Earnings Releases
INGLES MARKETS INC reported the fiscal year ended September 24, 2022 results: revenue $5.68 billion, net income $272.8 million, EPS $14.69.
“Net sales totaled $5.68 billion for the fiscal year ended September 24, 2022, compared with $4.99 billion for the fiscal year ended September 25, 2021. Excluding gasoline sales, comparable store sales increased 7.7% over the comparative fiscal year. Gross profit for the fiscal year ended September 24, 2022, totaled $1.42 billion, or 24.9% of sales. Gross profit for the fiscal year ended September 25, 2021, totaled $1.30 billion, or 26.1% of sales. Operating and administrative expenses totaled $1.0 billion for the fiscal year ended September 24, 2022, and $963.3 million for the fiscal year ended September 25, 2021. Interest expense was $21.5 million for the fiscal year ended September 24, 2022, compared with $24.3 million for the fiscal year ended September 25, 2021. Net income totaled $272.8 million for the fiscal year ended September 24, 2022, compared with $249.7 million for the fiscal year ended September 25, 2021. Basic and diluted earnings per share for Class A Common Stock were $”
Earnings Releases
INGLES MARKETS INC reported the quarter ended September 24, 2022 results: revenue $1.45 billion, net income $70.2 million, EPS $3.78.
“Net sales totaled $1.45 billion for the quarter ended September 24, 2022, compared with $1.34 billion for the quarter ended September 25, 2021. Excluding gasoline sales, comparable store sales increased 5.2% over the comparative fiscal quarter. Gross profit for the fourth quarter of fiscal 2022 totaled $364.8 million, or 25.1% of sales. Gross profit for the fourth quarter of fiscal 2021 was $341.3 million, or 25.6% of sales. Operating and administrative expenses for the September 2022 quarter totaled $268.0 million compared with $248.9 million for the September 2021 quarter. Interest expense totaled $5.4 million for the fourth quarter of fiscal 2022 compared with $6.2 million for the fourth quarter of fiscal 2021. Total debt at the end of fiscal 2022 was $571.9 million compared with $589.5 million at the end of fiscal 2021. Net income totaled $70.2 million for the September 2022 quarter compared with $71.7 million for the September 2021 quarter. Basic and diluted earnings per share for”
Patricia E. Jackson was appointed as Director at INGLES MARKETS INC.
“appointed Patricia E. Jackson, 57, as a director to fill the vacancy created by the previously reported retirement of Mr. Ronald B. Freeman.”
Patricia E. Jackson was appointed as Chief Financial Officer at INGLES MARKETS INC.
“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.”
Ronald B. Freeman departed as Director at INGLES MARKETS INC.
“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.”
Ronald B. Freeman retired as Vice President-Finance and Chief Financial Officer at INGLES MARKETS INC.
“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.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.