ASHEVILLE, N.C. â€” Bills for a busy schedule of store openings contributed to a 12.3% decline in quarterly net income for Ingles Markets, the retailer here said Thursday. Total operating expenses of $167.9 million in the fiscal first quarter, which ended Dec. 27, increased by 11.1% from the same period a year ago as the company absorbed opening and support costs for 11 new stores that opened during the previous nine months. For the quarter, Ingles reported net earnings of $11.1 million on ...
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 complimentary access to the SN salary survey data tables.
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.