Brief: Ingles Markets Q3 EPS USD 1.38

Ingles Markets, Incorporated

07/08/2025 12:30

Overview

Ingles Markets fiscal Q3 net sales fall to $1.35 bln from $1.39 bln

Net income for fiscal Q3 declines to $26.2 mln from $31.7 mln

Gross profit margin improves to 24.3% from 23.7% despite sales decline

Outlook

Company expects fiscal year 2025 capital expenditures of $120 mln to $160 mln

Ingles Markets anticipates reopening hurricane-damaged stores by late 2025 or 2026

Company believes financial resources sufficient for future capital expenditures

Result Drivers

SALES DECLINE - Net sales decreased to $1.35 bln from $1.39 bln, but company provided no specific reasons

GROSS PROFIT MARGIN - Gross profit margin improved to 24.3% from 23.7%, indicating better cost management

HURRICANE IMPACT - Three stores remain closed due to Hurricane Helene, potentially affecting sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
$1.35 bln
Q3 EPS
$1.38
Q3 Net Income
$26.20 mln
Q3 Gross Profit
$327.33 mln
Q3 Operating Income
$37.34 mln


Press Release: ID:nBwcdgc5la

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)