INGLES MARKETS INC Q2 FY26 Results

Summary

Ingles Markets, Incorporated reported a decrease in net sales for the second quarter of fiscal 2026, totaling $1.31 billion, a 1.8% decrease compared to the previous year. However, gross profit increased to $325.3 million, or 24.9% of sales. Net income also increased to $24.3 million for the quarter. For the first half of fiscal 2026, net sales increased by 2.4% to $2.68 billion, and net income increased to $52.4 million.

Key Highlights

1. 1

   Net sales totaled $1.31 billion for the second quarter ended March 28, 2026, a decrease of 1.8% compared to the same quarter last year.

2. 2

   Gross profit for the second quarter of fiscal 2026 increased to $325.3 million, representing 24.9% of sales.

3. 3

   Net income increased to $24.3 million for the second quarter of fiscal 2026, compared to $15.1 million in the prior year.

4. 4

   Basic earnings per share for Class A Common Stock increased to $1.31 for the quarter ended March 28, 2026, compared to $0.81 last year.

5. 5

   First half fiscal 2026 net sales totaled $2.68 billion, an increase of 2.4% compared to the first half of fiscal 2025.

6. 6

   Gross profit for the first six months of fiscal 2026 increased to $659.8 million, with gross profit as a percentage of sales at 24.6%.

7. 7

   Net income increased to $52.4 million for the first six months ended March 28, 2026, compared to $31.7 million for the same period last year.