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Ingles Mkts Inc Stock Price, News & Analysis

IMKTA Nasdaq

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.

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Ingles Markets announces the promotion of Patricia (Pat) E. Jackson to Chief Financial Officer (CFO), effective February 23, 2022. She succeeds Ronald B. Freeman, who retired after nearly 17 years. Pat joined Ingles in 2010 as Controller and previously served as CFO of Sisters of Mercy Services Corporation. As a licensed CPA with a Master’s in Accounting, her leadership is expected to bolster the company's financial strength. Chairman Robert P. Ingle II commended her effective leadership and sound judgment.

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Ingles Markets (NASDAQ: IMKTA) reported a 16.9% increase in net sales for Q1 2022, reaching $1.39 billion, compared to $1.19 billion in Q1 2021. Net income rose to $66.2 million, up from $53.8 million year-over-year. However, gross profit margin declined to 25.2% from 26.4%, with expenses increasing due to higher personnel costs amid labor market challenges. Basic earnings per share rose to $3.57, up from $2.73. The company maintains a solid financial position with no borrowings on its $150 million credit line, ensuring liquidity for future needs.

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Ingles Markets, Incorporated (NASDAQ: IMKTA) announced the retirement of its CFO, Ronald B. Freeman, effective February 16, 2022. Freeman has served as CFO for 17 years and will not seek re-election to the board of directors. Chairman Robert P. Ingle II expressed gratitude for Freeman's contributions and the company's strong financial standing under his leadership. Ingles Markets operates 198 supermarkets across six southeastern states, along with neighborhood shopping centers and a fluid dairy facility.

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Ingles Markets, Incorporated (NASDAQ: IMKTA) has declared a cash dividend of $0.165 per share on its Class A Common Stock and $0.15 per share on its Class B Common Stock, reflecting annual rates of $0.66 and $0.60, respectively. These dividends are payable on January 13, 2022, to shareholders of record on January 6, 2022. Headquartered in Asheville, North Carolina, Ingles operates 198 supermarkets across six southeastern states and also runs neighborhood shopping centers and a fluid dairy facility.

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Ingles Markets (NASDAQ: IMKTA) reported a strong performance for the fourth quarter and fiscal year ended September 25, 2021, showing net sales of $1.34 billion, a rise of 11.6% year-over-year. Annual net sales reached $4.99 billion, increasing by 8.2%. Net income for Q4 increased to $71.7 million, with EPS for Class A shares at $3.86. For the fiscal year, net income climbed to $249.7 million, with Class A EPS of $13.06. However, operating expenses rose to $963.3 million, reflecting higher personnel costs. The company reduced its debt from $605.5 million to $589.5 million.

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Ingles Markets, Incorporated (NASDAQ: IMKTA) has declared a cash dividend of $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock, reflecting annual rates of $0.66 and $0.60, respectively. These dividends are payable on October 14, 2021, to shareholders of record as of October 7, 2021. The company operates 199 supermarkets across six southeastern states and also runs neighborhood shopping centers and a fluid dairy facility.

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Ingles Markets (NASDAQ: IMKTA) reported Q3 net sales of $1.28 billion, up 7.4% year-over-year, and a net income of $72 million, a 14.5% increase. The gross profit was $337.5 million, representing 26.4% of sales. For the nine months ended June 26, 2021, net sales reached $3.65 billion, an increase of 7.0%, with net income of $178 million, up from $120.7 million in the prior year. Operating expenses rose due to increased labor costs. The company refinanced $350 million in senior notes, reducing interest expenses significantly.

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Ingles Markets, Incorporated (NASDAQ: IMKTA) has declared a cash dividend of $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock, translating to annual rates of $0.66 and $0.60 respectively. Dividends are payable on July 15, 2021, to shareholders of record by July 8, 2021. The company operates 198 supermarkets across six southeastern states and also has a fluid dairy facility supporting its operations.

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Ingles Markets, Incorporated (NASDAQ: IMKTA) has successfully closed a private offering of $350 million in 4.000% Senior Notes maturing in 2031. The proceeds will be utilized to fully redeem its existing 5.75% Senior Notes due 2023, repay outstanding credit facility balances, and cover related fees. The Notes are unregistered under the Securities Act and are not available for sale in the U.S. without proper registration or exemption. Forward-looking statements in the release highlight potential risks affecting anticipated results.

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Ingles Markets, Inc. (NASDAQ: IMKTA) has announced a private offering of $350 million in 4.00% Senior Notes due 2031. The net proceeds will be used to redeem existing 5.75% Senior Notes due 2023, repay outstanding credit facilities, and cover related expenses. The offering is expected to close on June 17, 2021, pending customary closing conditions. The Notes will not be registered under U.S. securities laws and are offered only to qualified institutional buyers and certain non-U.S. persons.

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FAQ

What is the current stock price of Ingles Mkts (IMKTA)?

The current stock price of Ingles Mkts (IMKTA) is $66.3 as of July 9, 2025.

What is the market cap of Ingles Mkts (IMKTA)?

The market cap of Ingles Mkts (IMKTA) is approximately 1.3B.
Ingles Mkts Inc

Nasdaq:IMKTA

IMKTA Rankings

IMKTA Stock Data

1.25B
14.46M
0.6%
90.91%
3.77%
Grocery Stores
Retail-grocery Stores
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United States
ASHEVILLE