Quarterly ResultAug 6, 2026, 07:38 AM
Ingles Markets Q3 Net Sales $1.37B; Net Income $25.9M
AI Summary
Ingles Markets reported mixed results for its third quarter ended June 27, 2026, with net sales increasing to $1.37 billion from $1.35 billion year-over-year, but net income slightly decreasing to $25.9 million from $26.2 million. However, the company showed strong performance for the first nine months of fiscal 2026, with net sales rising to $4.05 billion and net income significantly increasing to $78.3 million from $57.9 million in the prior year period. The company also reduced its total debt and expects full-year capital expenditures to be between $120 million and $130 million.
Key Highlights
- Q3 2026 net sales totaled $1.37 billion, up from $1.35 billion in Q3 2025.
- Q3 2026 net income was $25.9 million, compared to $26.2 million in Q3 2025.
- Q3 2026 basic EPS for Class A Common Stock was $1.39, down from $1.41 YoY.
- Nine-month 2026 net sales reached $4.05 billion, up from $3.97 billion in 2025.
- Nine-month 2026 net income increased to $78.3 million from $57.9 million in 2025.
- Nine-month 2026 basic EPS for Class A Common Stock was $4.21, up from $3.11 YoY.
- Total debt as of June 27, 2026, was $500.5 million, down from $518.0 million YoY.
- Fiscal year 2026 capital expenditures are expected to be $120 million to $130 million.
Price Impact
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