Welcome to our dedicated page for Ingles Mkts news (Ticker: IMKTA), a resource for investors and traders seeking the latest updates and insights on Ingles Mkts stock.
Ingles Markets Inc (IMKTA), a leading southeastern U.S. supermarket chain, maintains this dedicated news hub for investors and stakeholders. Access timely updates on financial performance, operational developments, and community initiatives from this vertically integrated retailer.
This resource consolidates all essential announcements including quarterly earnings, strategic partnerships, and leadership updates. Investors gain direct access to primary sources while analysts benefit from centralized tracking of IMKTA's market position in the competitive grocery sector.
Key content categories include financial disclosures, store expansion notices, sustainability initiatives, and supplier network updates. The collection emphasizes IMKTA's dual focus on retail innovation and community engagement across its six-state operational footprint.
Bookmark this page for streamlined monitoring of Ingles Markets' developments. Combine these verified updates with broader market analysis to inform your perspective on this established regional retailer.
Ingles Markets (NASDAQ: IMKTA) reported its Q3 and nine-month fiscal 2025 results, showing mixed performance. Q3 net sales decreased to $1.35 billion from $1.39 billion year-over-year, while gross profit margin improved to 24.3% from 23.7%. Net income for Q3 declined to $26.2 million from $31.7 million in the previous year.
For the nine-month period, net sales decreased to $3.97 billion from $4.24 billion, with net income significantly dropping to $57.9 million from $107.0 million. The company reduced its total debt to $518.0 million and plans capital expenditures of $120-160 million for fiscal 2025. Three stores remain temporarily closed due to Hurricane Helene damage, expected to reopen in late 2025 or 2026.
The company operates 197 supermarkets across six southeastern states and maintains strong financial resources with minimal debt utilization on its $150.0 million credit line.Ingles Markets (NASDAQ: IMKTA) has announced its Board of Directors' declaration of quarterly cash dividends. The company will pay $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock, representing annual rates of $0.66 and $0.60 per share respectively.
The dividends will be paid on April 17, 2025, to shareholders of record as of April 10, 2025. Ingles Markets operates 197 supermarkets across six southeastern states, with headquarters in Asheville, North Carolina. The company also manages neighborhood shopping centers and owns a fluid dairy facility serving both Ingles supermarkets and external customers.
Ingles Markets (NASDAQ: IMKTA) reported financial results for Q1 fiscal 2025, showing significant impact from Hurricane Helene. Net sales decreased 13.0% to $1.29 billion compared to $1.48 billion in Q1 2024. The company experienced an estimated $55-65 million revenue loss due to hurricane-related disruptions.
The hurricane caused four store closures, with three still remaining closed and expected to reopen during 2025. The company incurred $5.4 million in cleanup and repair costs. Gross profit decreased to $301.1 million (23.4% of sales) from $348.8 million (23.6% of sales) year-over-year.
Net income declined to $16.6 million from $43.4 million in Q1 2024. Basic and diluted EPS for Class A Common Stock were $0.89 and $0.87 respectively, compared to $2.33 and $2.28 in the previous year. Capital expenditures decreased to $37.8 million from $63.2 million.
Ingles Markets (NASDAQ: IMKTA) has announced its Board of Directors' declaration of quarterly cash dividends. The company will pay $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock, representing annual rates of $0.66 and $0.60 per share, respectively. The dividends will be paid on January 16, 2025, to shareholders of record as of January 9, 2025.
Ingles Markets operates 198 supermarkets across six southeastern states, with headquarters in Asheville, North Carolina. The company also manages neighborhood shopping centers and owns a fluid dairy facility serving both Ingles supermarkets and external customers.
Ingles Markets (NASDAQ: IMKTA) reported its Q4 and fiscal year 2024 results, significantly impacted by Hurricane Helene. The company recognized a $30.4 million inventory impairment loss and a $4.5 million property and equipment impairment loss due to the hurricane. Q4 net sales decreased to $1.40 billion from $1.58 billion year-over-year, with Q4 2024 having 13 weeks compared to 14 weeks in 2023.
For fiscal year 2024, net sales were $5.64 billion compared to $5.89 billion in 2023. Net income decreased to $105.5 million from $210.8 million in the previous year. The company reported total debt of $532.6 million at year-end, down from $550.2 million in 2023. Capital expenditures increased to $210.9 million from $173.6 million year-over-year.
Ingles Markets (NASDAQ: IMKTA) has received a notice from Nasdaq due to delayed filing of its Annual Report on Form 10-K for the fiscal year ended September 28, 2024. The delay is attributed to Hurricane Helene's impact. The company has until February 18, 2025 to either file the report or submit a compliance plan to Nasdaq.
If Nasdaq accepts a compliance plan, IMKTA could receive an extension until June 10, 2025 to file the report. The notice does not immediately affect IMKTA's Nasdaq listing, and the company intends to file within the initial 60-day period. Ingles Markets operates 198 supermarkets across six southeastern states, along with neighborhood shopping centers and a fluid dairy facility.
Ingles Markets (NASDAQ: IMKTA) provided an update on Hurricane Helene's impact on its operations. Out of 198 stores, 194 are currently operational, while 4 stores remain temporarily closed due to flooding and wind damage. These stores are expected to reopen within 3-9 months. The company's distribution center has resumed normal operations. The estimated financial impact from inventory and property loss ranges between $35-55 million, with expected insurance reimbursement of $10-15 million. These impacts will be reflected in the fiscal quarter and year ending September 28, 2024.
Ingles Markets (NASDAQ: IMKTA) has reported on the impact of Hurricane Helene on its operations. The hurricane has caused significant flooding, property damage, and ongoing power and water outages across the company's operational footprint. Out of Ingles' 198 stores, 186 are currently open, but many face transaction limitations due to internet and connectivity issues. The remaining closed stores are expected to reopen once power is restored, though no specific timeline is available.
The company expressed sympathy for community members affected by the hurricane. Ingles Markets operates in six southeastern states, with headquarters in Asheville, North Carolina. The company's operations include supermarkets, neighborhood shopping centers, and a fluid dairy facility serving both Ingles supermarkets and external customers.
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