INGLES MARKETS INC

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.

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.

Ingles Markets announced that Brenda S. Tudor resigned from its Board of Directors and all committees, effective September 8, 2026. Ms. Tudor cited family health reasons for her departure, confirming no disagreements with the company's operations or policies. The Board plans to appoint a new independent director to fill the vacancy.

Ingles Markets reported a significant increase in net income for both the second fiscal quarter and the first six months ended March 28, 2026. Quarterly net income rose 60.7% to $24.3 million, with diluted EPS for Class A common stock increasing to $1.28. For the six-month period, net income grew 65.3% to $52.4 million, and diluted EPS for Class A common stock reached $2.76. The company also saw a substantial increase in net cash provided by operating activities for the six months.

Ingles Markets, Incorporated reported strong financial results for its second quarter and first six months of fiscal 2026. For the second quarter, net income significantly increased to $24.3 million, with diluted EPS rising to $1.28, despite a slight 1.8% decrease in net sales to $1.31 billion. The first half of fiscal 2026 also saw substantial growth, with net income climbing to $52.4 million and diluted EPS reaching $2.76 on a 2.4% increase in net sales to $2.68 billion. The company's Chairman expressed satisfaction with the results, attributing them to associate commitment.

Ingles Markets, Incorporated announced that its Board of Directors adopted Third Amended and Restated Bylaws, effective April 29, 2026. These amendments include increasing the number of directors required to call a special board meeting from two to four, and clarifying director inspection rights in line with state law. Additionally, the company held its 2026 Annual Meeting of Shareholders on April 30, 2026, where shareholders elected eight members to the Board of Directors and approved the non-binding proposal for executive compensation.