Ingles Markets, Incorporated
69.45-2.50 (-3.47%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · IMKTA · USD
Key Stats
Market Cap
1.32BP/E (TTM)
23.31Basic EPS (TTM)
2.98Dividend Yield
0.01%Recent Filings
8-K
10-Q
Q3 FY2025 results
Ingles Markets posted Q3 FY2025 net sales of $1.35B, down 3.4% y/y from $1.39B, with fuel sales dropping 16.9% y/y to $161.8M while non-fuel grocery comps rose 1.2% y/y; gross profit edged down 0.7% y/y to $327.3M but margins expanded 0.6 points to 24.3%, aided by $4.2M in insurance proceeds for Hurricane Helene inventory losses. Operating income fell 15.5% y/y to $37.3M amid higher operating expenses (up 1.4% y/y to $290.1M, or 21.5% of sales), while net income declined 17.4% y/y to $26.2M, or $1.38 diluted EPS for Class A shares (down from $1.67). Q3 free cash flow (derived) was $2.3M, with cash at $336.1M and total debt at $518.0M (down from $535.9M y/y), including $350M senior notes due 2031 and a $150M revolver (undrawn, maturing 2030). Three stores remain closed from Helene damage, expected to reopen late 2025 or 2026. Competition from larger chains pressures pricing.
8-K
Ingles Q3 sales dip, profits slide
Ingles Markets reported Q3 fiscal 2025 net sales of $1.35 billion, down from $1.39 billion last year, while gross profit edged up to $327.3 million or 24.3% of sales from 23.7%. Net income fell to $26.2 million, yielding $1.38 diluted EPS for Class A shares versus $1.67 prior year, amid higher expenses. For nine months, sales dropped to $3.97 billion and net income to $57.9 million from $107.0 million, with debt shrinking to $518.0 million. Capital spending slowed sharply; three stores remain shuttered from Hurricane Helene but should reopen by late 2025 or 2026.
10-Q
Q2 FY2025 results
Ingles Markets posted Q2 FY2025 net sales of $1.33B, down 2.7% y/y amid three stores shuttered by Hurricane Helene, yet grocery comps rose 0.8% excluding fuel. Gross margin held steady at 23.4%, but operating expenses climbed 1.5% to $289.1M on repair costs, squeezing operating income to $21.6M from $44.8M y/y; diluted EPS for Class A fell to $0.80 from $1.68, reconciled to 18.99M shares with no anti-dilution flags. YTD sales dropped 8.0% to $2.62B, operating income to $45.2M from $104.4M, and EPS to $1.67 from $3.96. Cash dipped to $297.3M after $19.4M operating cash flow minus $62.0M capex, yielding negative FCF; total debt eased to $521.6M including $350M notes due 2031, with $149.5M Line availability and covenant compliance. Hurricane recovery drags on, with $6.7M YTD cleanup costs and $1.5M insurance received. Non-GAAP metrics not disclosed in the 10-Q. Pricing pressures from rivals remain a key watch.
8-K
Q2 sales dip, income halves
Ingles Markets reported Q2 fiscal 2025 net sales of $1.33 billion, down 2.7% from $1.37 billion last year, with net income dropping to $15.1 million from $31.9 million amid higher operating expenses. Gross margins held steady at 23.4%, while first-half sales fell 8.0% to $2.62 billion. Three stores remain closed from Hurricane Helene damage. Debt eased to $521.6 million.
IPO
Employees
Sector
Industry
ACI
Albertsons Companies, Inc.
18.27-0.20
DNUT
Krispy Kreme, Inc.
3.79-0.25
GO
Grocery Outlet Holding Corp.
14.34-0.28
HCWC
Healthy Choice Wellness Corp.
0.64-0.01
KR
Kroger Company (The)
66.04-1.65
MSS
Maison Solutions Inc.
0.74+0.02
NGVC
Natural Grocers by Vitamin Cott
38.61-0.89
SFM
Sprouts Farmers Market, Inc.
104.55-2.25
VLGEA
Village Super Market, Inc.
31.45-0.67
WMK
Weis Markets, Inc.
64.38-1.54