Buy Ingles Markets
Amount
Latest price
$65.195
(£1.00 = $1.241)
Number of shares (est.)
0
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Metrics
Market Cap
$1.225B
P/E ratio
15.56
EPS
$4.145
Beta
0.70
Dividend rate
$0.66
Dividend yield
1.02%
About
Ingles Markets, Incorporated is a grocer with operations in six southeastern states. The Company, in conjunction with its supermarket operations, operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies its supermarkets and unaffiliated customers. Its supermarkets offer customers a variety of nationally advertised food products, including grocery, meat and dairy products, produce, frozen foods and other perishables, and non-food products. Its non-food products include fuel centers, pharmacies, health and beauty care products, and general merchandise. The Company also offers private label items, organic and locally sourced items throughout its market areas. The Company operates a total of approximately 198 supermarkets in North Carolina (75), Georgia (65), South Carolina (35), Tennessee (21), Virginia (1) and Alabama (1). It operates approximately 115 in-store pharmacies and 108 fuel stations.
CEO
Mr. James W. (Jim) Lanning
Employees
26,360
Sector
Food & Drink
Company HQ
ASHEVILLE, United States of America
Website
News
Ingles Markets, Incorporated Reports Results for the First Quarter of Fiscal 2025
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three months ended December 28, 2024. Robert P. Ingle II, Chairman of the Board, stated, “As recovery efforts progress in the communities we support, we remain dedicated to offering value and providing a wide range of high-quality products to our customers. We deeply appreciate the focus, dedication and hard work of our associates in making this possible.” Impact of Hurricane Helene On.
Ingles Markets, Incorporated Declares Quarterly Cash Dividend
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable January 16, 2025, to all shareholders of record on January 9, 2.
Ingles Markets: Hurricane Helene Impact Is Phasing Out
Hurricane Helene significantly impacted Ingles Markets' operations from late September forward, causing $35 million in impairments and temporary store closures. The fiscal Q4 results showed weakness from the impairments and two days of lost sales already, but the main sales impact is likely to be recorded in Ingles Markets' Q1. Only three of Ingles Markets' 198 stores remain closed in late December, and the company's distribution center already returned to full operations two weeks after the hurricane.
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