ASHEVILLE, N.C. — Inflation in food and fuel drove a 4% increase in sales at Ingles Markets during the second quarter, the company said Friday. Net income increased 38% to $7.7 million on $870.4 million in sales for the period, which ended March 26. Officials attributed “significant” product price inflation as compared to the same period last year for the sales increase and noted that higher gas prices also contributed by increasing the number of transactions and the average transaction ...
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