ASHEVILLE, N.C. — Ingles Markets here yesterday said its aggressive store development and remodeling schedule in the second half of the year had a negative impact on fourth-quarter profits. For the period, which ended Sept. 27, net income fell about 26%, to $10.5 million. Ingles said its capital expenditures “nearly doubled” in fiscal 2008, to $248.8 million. Cap-ex for the current year is projected to be between $140 million and $160 million, the company said in a conference call yesterday. ...

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.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

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.

Already registered? here.