ASHEVILLE, N.C. — Bills for a busy schedule of store openings contributed to a 12.3% decline in first-quarter net income for Ingles Markets, the retailer here said last week. The results — which accompanied a slower pace of sales gains that Ingles attributed to a softening economy — prompted some debate between company officials and an investor during a conference call. At issue was whether Ingles' capital spending — approximately $375 million over the past two fiscal years, mainly for a ...
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.