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Ingles Markets, Inc. - IMKTA STOCK NEWS

Welcome to our dedicated news page for Ingles Markets (Ticker: IMKTA), a resource for investors and traders seeking the latest updates and insights on Ingles Markets.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ingles Markets's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ingles Markets's position in the market.

Rhea-AI Summary
Ingles Markets, Incorporated (IMKTA) declares a cash dividend of $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock, payable on April 18, 2024. The annual rates are $0.66 and $0.60 per share, respectively. The company, based in Asheville, NC, operates 198 supermarkets across six states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
dividends
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Rhea-AI Summary
Ingles Markets, Incorporated (IMKTA) reported a decrease in net sales to $1.48 billion for the first quarter of fiscal 2024, compared to $1.49 billion for the same period in 2023. Gross profit also decreased to $348.8 million, with operating and administrative expenses increasing to $289.8 million. Net income dropped to $43.4 million, resulting in basic and diluted earnings per share for Class A Common Stock of $2.33 and $2.28, respectively. Despite the decrease in financial figures, the company remains confident in its financial resources to meet future requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
-
Rhea-AI Summary
Ingles Markets, Incorporated (NASDAQ: IMKTA) declares a cash dividend of $0.165 per share on all Class A Common Stock and $0.15 per share on all Class B Common Stock, payable on January 19, 2024. The company operates 198 supermarkets and owns a fluid dairy facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
Tags
dividends
Rhea-AI Summary
Ingles Markets, Incorporated (NASDAQ: IMKTA) reported net sales of $1.58 billion for the fourth quarter of fiscal 2023, with a gross profit of $369.7 million. However, net income decreased to $52.6 million from $70.2 million in the same period of fiscal 2022. For the fiscal year ended September 30, 2023, the company's net sales totaled $5.89 billion, with a gross profit of $1.40 billion and a net income of $210.8 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
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-
Rhea-AI Summary
Ingles Markets declares cash dividends on its Class A and Class B Common Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
Tags
dividends
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.98%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
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dividends
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.81%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
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Ingles Markets, Inc.

Nasdaq:IMKTA

IMKTA Rankings

IMKTA Stock Data

1.39B
14.50M
0.85%
83.97%
1.6%
Supermarkets and Other Grocery (except Convenience) Stores
Retail Trade
Link
US
Asheville

About IMKTA

since 1963, ingles markets, inc. has been western north carolina's leading local supermarket. ingles is a publicly held, locally owned company with over 200 retail locations operating in 6 southeastern states including alabama, georgia, tennessee, virginia, and the carolinas. mr. ingle’s commitment to our associates, customers, and communities has been our guiding force. our dedicated workforce has risen to the challenge of meeting our goals, today, and as we proceed into the future. our company standard couples old-fashioned values with progressive vision.