Ingles Markets, Incorporated (IMKTA)
| Market Cap | 1.32B |
| Revenue (ttm) | 5.83B |
| Net Income (ttm) | 159.65M |
| Shares Out | 18.99M |
| EPS (ttm) | 8.40 |
| PE Ratio | 8.27 |
| Forward PE | n/a |
| Dividend | $0.66 (0.95%) |
| Ex-Dividend Date | Oct 10, 2024 |
| Volume | 69,433 |
| Open | 69.18 |
| Previous Close | 69.68 |
| Day's Range | 68.40 - 69.53 |
| 52-Week Range | 59.73 - 89.59 |
| Beta | 0.72 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Dec 2, 2024 |
About IMKTA
Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items. The company owns and operates a milk processing and packaging plant that supplies organic milk, fruit juices, and bottled water products to other retailers... [Read more]
Financial Performance
In 2023, Ingles Markets's revenue was $5.89 billion, an increase of 3.77% compared to the previous year's $5.68 billion. Earnings were $210.81 million, a decrease of -22.71%.
Financial StatementsNews
Ingles Markets, Incorporated Reports Second Update on the Impact of Hurricane Helene
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced improvements since Hurricane Helene impacted the operation of both the company's stores and its distribut...
Ingles Markets, Incorporated Reports Update on the Impact of Hurricane Helene
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that Hurricane Helene has impacted both stores and distribution center operations. Our hearts ...
Ingles Markets, Incorporated Declares Quarterly Cash Dividend
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents...
Ingles Markets: Expansion Plan, Quite Undervalued
Ingles Markets Inc. plans to expand and renovate stores, which is expected to drive economies of scale, net sales, and FCF growth. The company has shown impressive equity growth, book value per share ...
Ingles Markets, Incorporated Reports Results for Third Quarter and First Nine Months of Fiscal 2024
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and nine months ended June 29, 2024. Robert P. Ingle II, Chairman of the ...
Ingles Markets' Undervaluation Remains As Investors Get Startled By Slower Inflation
Ingles Markets has reported revenue declines in H1/FY2024 as food inflation and gas prices have shown very low year-over-year inflation. The operating margin has also continued to fall back into a his...
Ingles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2024
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported sales for the three and six months ended March 30, 2024. Robert P. Ingle II, Chairman of the Bo...
Ingles Markets, Incorporated Reports Results for First Quarter Fiscal 2024
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three months ended December 30, 2023. Robert P. Ingle II, Chairman of the Board...
Ingles Markets: Store Renovation And Undervalued Supermarket Business
Ingles Markets reports merchandising activities financed by vendors and a decrease in net debt/EBITDA ratio. The company's expansion plan, growth in the prepared food market, loyalty programs, and app...
Ingles Markets: Still Low-Risk And Cheap
Ingles Markets' H2/FY2023 results show solid performance, as margins have been sustained at a great level with mostly stable revenues. After my previous write-up, the stock has remained relatively fla...
Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2023
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and twelve months ended September 30, 2023. Robert P. Ingle II, Chairman ...
Ingles Markets: Its Steep Discount Will Eventually Be Rewarded
Ingles Markets, a small retail player, is undervalued and has potential for growth despite recent weaknesses in profitability and revenue.
Ingles Markets, Incorporated Reports Results for Third Quarter and First Nine Months of Fiscal 2023
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three and nine months ended June 24, 2023. Robert P. Ingle II, Chairman of the ...
Ingles Markets Seems Like A Low-Risk Pick
Ingles Markets is a United States-based company operating supermarkets as well as pharmacies and fuel stations. The company has maintained minimally growing revenues with steady margin, although the c...
Ingles Markets: Hidden Quality In This Regional Grocer
IMKTA is a regional grocer that has seen a new level of operating quality since the pandemic. The company won't be growing store count at all, but you don't need that in order to make money from the s...
Ingles Markets: Still Attractive Despite Recent Weakness
Recently, shares of Ingles Markets came under pressure, in large part because of bottom line weakness. This may deter some investors from buying into the retail chain, but shares still look cheap even...
Ingles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2023
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported increased sales for the three and six months ended March 25, 2023. Robert P. Ingle II, Chairman...
3 Consumer Defensive Stocks That Fit Graham's Lost Formula
With all the uncertainty in the market due to high inflation, rising interest rates and a potential recession, not to mention ongoing geopolitical conflicts and the recent banking scare, many investor...
Ingles Markets, Incorporated Reports Results for First Quarter Fiscal 2023
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported increased sales and net income for the three months ended December 24, 2022.
Ingles Markets Still Has Room To Run
Ingles Markets has been a solid play relative to the broader market, with sales and cash flows increasing. Profits have struggled a bit, but the overall health of the company looks to be intact.
Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2022
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported increased sales and net income for the three and twelve months ended September 24, 2022.
Ingles Markets: Still Drastically Undervalued
Ingles Markets continues to fare well compared to the broader market, but this doesn't change the fact that the business appears robust. Growth continues, but we have seen a bit of weakness on the bot...
Ingles Markets, Incorporated Reports Results for Third Quarter and First Nine Months of Fiscal 2022
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported increased sales for the three and nine months ended June 25, 2022. Robert P. Ingle II, Chairman...
Ingles Markets: Still A Fantastic Prospect For Value Investors
Ingles Markets has continued its remarkable progress into the current fiscal year. Investors have been beneficiaries of this strength, with a stock that has outperformed the broader market recently.
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These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity's attaining more than 5% in any class of a company's securities.