INGLES MARKETS INC Q3 FY26 Results

Summary

Ingles Markets, Incorporated reported net sales of $1.37 billion for the third quarter of fiscal 2026, a modest increase from the prior year. While gross profit margin remained stable at 24.3%, net income saw a slight decrease to $25.9 million. However, the nine-month period showed stronger performance with net sales reaching $4.05 billion and net income rising significantly to $78.3 million, driven by an improved gross profit margin of 24.5%. The company also provided an outlook for capital expenditures, expecting between $120 million and $130 million for the full fiscal year 2026.

Key Highlights

1. 1

   Net sales for the third quarter of fiscal 2026 totaled $1.37 billion, a slight increase from $1.35 billion in the prior year's third quarter.

2. 2

   Gross profit for the third quarter of fiscal 2026 was $332.4 million, representing 24.3% of sales, consistent with the prior year's margin.

3. 3

   Net income for the third quarter of fiscal 2026 was $25.9 million, compared to $26.2 million in the third quarter of fiscal 2025.

4. 4

   For the first nine months of fiscal 2026, net sales increased to $4.05 billion from $3.97 billion in the same period last year.

5. 5

   Gross profit for the nine months ended June 27, 2026, totaled $992.3 million, or 24.5% of sales, an improvement from $939.4 million, or 23.7% of sales, in the prior year.

6. 6

   Net income for the nine-month period of fiscal 2026 significantly increased to $78.3 million, compared to $57.9 million for the same period in fiscal 2025.

7. 7

   Capital expenditures for the nine months ended June 27, 2026, totaled $76.4 million, with full fiscal year 2026 expenditures expected to be between $120 million and $130 million.