Quarterly ResultAug 6, 2026, 04:44 PM
Ingles Markets Q3 Net Sales $1.37B; 9M Net Income $78.3M
AI Summary
Ingles Markets Inc. reported mixed results for the third quarter but strong growth for the nine-month period ended June 27, 2026. Quarterly net sales increased to $1.37 billion, though net income slightly decreased to $25.9 million. For the nine-month period, net sales grew to $4.05 billion, and net income significantly increased to $78.3 million. The company also saw a substantial rise in cash and cash equivalents and operating cash flow, maintaining consistent dividend payments.
Key Highlights
- Net sales for the three months ended June 27, 2026, increased to $1.37 billion from $1.35 billion year-over-year.
- Net income for the three months ended June 27, 2026, was $25.9 million, down from $26.2 million year-over-year.
- Net sales for the nine months ended June 27, 2026, rose to $4.05 billion from $3.97 billion year-over-year.
- Net income for the nine months ended June 27, 2026, increased to $78.3 million from $57.9 million year-over-year.
- Cash and cash equivalents stood at $455.1 million as of June 27, 2026, up from $366.2 million at September 27, 2025.
- Net cash provided by operating activities for the nine months was $189.2 million, significantly up from $94.2 million.
- Total assets increased to $2.63 billion from $2.57 billion, while total liabilities slightly decreased to $948.7 million.
- Dividends of $0.165 per share for Class A and $0.150 per share for Class B Common Stock were paid.
Price Impact
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