Press "Enter" to skip to content

Ingles Markets Records 8% Growth In Q4 Revenue

  • Ingles Markets Incorporated IMKTA reported fourth-quarter FY22 sales growth of 8.2% year-on-year, to $1.45 billion.
  • Excluding gasoline sales, comparable store sales increased 5.2% Y/Y.
  • Gross profit for the quarter climbed 6.9% to $364.8 million, with the margin compressing from 25.6% to 25.1%.
  • The operating margin was 6.7%, and operating income for the quarter fell 1.9% to $96.8 million.
  • The company held $267.2 million in cash and equivalents as of September 24, 2022.
  • Inventories at the end of the quarter rose 17.4% to $457.9 million.
  • EPS was $3.69 versus $3.78 a year ago.
  • Price Action: IMKTA shares closed higher by 1.58% at $99.18 on the last check Wednesday.
  • Photo Via Wikimedia Commons

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published.