ASHEVILLE, N.C. -- Ingles Markets here said last week sales increased and earnings declined for the first quarter ended Dec. 30. e increases to a pair of marketing programs -- a cash giveaway and a loyalty card program in which the company donated money for school supplies based on electronic card usage -- and ongoing store upgrades. Net income for the quarter fell 9.1% to $4.5 million, which the company said was due to increased labor and fuel costs and higher interest expenses. The ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.