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IMKTA — Ingles Markets, Incorporated News Story

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Consumer DefensivesBalancedMid CapSuper Stock

Regional grocery chain Ingles Markets swings to Q4 profit

Overview

Ingles Markets Q4 net sales fell to $1.37 bln from $1.40 bln yr/yr

Net income for Q4 rose to $25.7 mln from a loss of $1.5 mln yr/yr

Gross profit margin increased to 24.5% from 21.4% in Q4 2024

Outlook

Company expects to meet future capital expenditures and debt service needs

Result Drivers

GROSS PROFIT MARGIN - Increase in gross profit margin to 24.5% from 21.4% helped improve financial results

IMPAIRMENT LOSSES - Absence of prior year's impairment losses related to Hurricane Helene contributed to net income improvement

EXPENSE MANAGEMENT - Slight reduction in operating and administrative expenses supported financial performance

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Sales$1.37 bln
Q4 EPS$1.35
Q4 Net Income$25.70 mln
Q4 Gross Profit$334.70 mln
Q4 Operating Income$35.03 mln
Press Release: ID:nBw67tdGGa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

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