ASHEVILLE, N.C. — Ingles Markets here on Friday said store traffic continued to accelerate in the most recent fiscal quarter, driving sales gains despite a lower average ticket. Net income for the three-month third quarter, which ended June 26, more than doubled, to $11.7 million, compared with $4.7 million in the year-ago third quarter. Comparable-store sales were up 0.8% in the quarter, excluding gasoline, propelled by a 7.9% gain in the number of transactions. The average transaction ...
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.