ASHEVILLE, N.C. — Rebounding customer spending helped lift Ingles Markets to a 3.8% net sales increase and a 28.3% increase in net income during the fiscal first quarter, the retailer here said Monday. Comparable-store sales excluding gasoline improved by 2.9%, sparking a 4.4% increase in gross profit and margins improving by 20 basis points to 22.2% of sales, officials said. Total sales for the period, which ended Dec. 25, were $872.8 million. “We had a very good increase in sales for 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.