Brief: Ingles Markets Incorporated Reports Sales And Net Income For Q1

Ingles Markets, Incorporated

09/02/2018 12:30

Feb 9 (Reuters) - Ingles Markets Inc  IMKTA.O : 
    * INGLES MARKETS, INCORPORATED REPORTS SALES AND NET INCOME 
FOR 
FIRST QUARTER FISCAL 2018 
    * Q1 SAME STORE SALES ROSE 2.2 PERCENT 
    * Q1 SALES $1.01 BILLION VERSUS $982.8 MILLION 
    * CAPITAL EXPENDITURES TOTALED $56.8 MILLION FOR DECEMBER 
2017 
QUARTER, COMPARED WITH $29.3 MILLION FOR DECEMBER 2016 QUARTER 
    * INGLES MARKETS - QTRLY DILUTED EARNINGS PER COMMON SHARE - 
CLASS 
A $2.23 
    * INGLES MARKETS - QTRLY DILUTED EARNINGS PER COMMON SHARE - 
CLASS 
B $2.08 
    * TOTAL FISCAL 2018 CAPITAL EXPENDITURES ARE EXPECTED TO BE 
BETWEEN $120 MILLION AND $160 MILLION 
    * INGLES MARKETS - INCREASE IN CAPEX FOR DEC 2017 QUARTER 
ATTRIBUTABLE TO TIMING OF CAPITAL EXPENDITURES ON REAL ESTATE, 
NEW STORES, STORE REMODELS 
 
Source text for Eikon:  ID:nBw4wTKKNa  
Further company coverage:  IMKTA.O  
 
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