Ingles Markets Q2 sales fall 1.8% but profit rises

Ingles Markets, Incorporated

07/05/2026 12:42

Overview

U.S. grocer's fiscal Q2 net sales fell 1.8% yr/yr, while net income and basic EPS rose

Gross profit margin improved to 24.9% from 23.4% yr/yr

Operating and administrative expenses remained flat compared to prior year

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

GROSS MARGIN IMPROVEMENT - Gross profit margin rose to 24.9% from 23.4% yr/yr, supporting higher net income despite lower sales

EXPENSE CONTROL - Operating and administrative expenses were relatively flat yr/yr, helping support profitability

Company press release: ID:nBw4FqpcLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
$1.31 bln
Q2 Basic EPS
$1.31
Q2 Net Income
$24.27 mln
Q2 Gross Profit
$325.26 mln
Q2 Operating Income
$34.47 mln


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(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.)