ASHEVILLE, N.C. — Product price inflation and vendor-supported promotions over the holiday season helped Ingles Markets here post a 38.5% increase in net earnings for the fiscal first quarter, the company said Monday. Net sales rose 5.2% to $918.2 million for the quarter, which ended Dec. 24. Comparable-store sales, excluding gasoline, increased 3.4% as average transaction size gained by 1.3% and customer visits increased by 2%. “It was a very competitive holiday quarter ...
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.