Trade Ingles Markets Inc - IMKTA CFD

Ingles Company profile

About Ingles Markets, Incorporated

Ingles Markets, Incorporated is a supermarket chain in the southeast United States. The Company operates 198 supermarkets, including 74 in North Carolina, 66 in Georgia, 35 in South Carolina, 21 in Tennessee, one in Virginia and one in Alabama. The Company locates its supermarkets primarily in suburban areas, small towns and rural communities. Ingles supermarkets offers customers a range of nationally advertised food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables and non-food products. Non-food products include fuel centers, pharmacies, health/beauty/cosmetic products and general merchandise, as well as private label items. In addition, the Company focuses on selling its own developed organic products to its customers, including bakery departments and prepared foods including delicatessen sections. The Company operated 111 in-store pharmacies and 107 fuel centers.

Financial summary

BRIEF: For the 13 weeks ended 25 December 2021, Ingles Markets, Incorporated revenues increased 17% to $1.39B. Net income increased 23% to $66.2M. Revenues reflect Retail segment increase of 17% to $1.35B, Other segment increase of 17% to $43.3M, Value of Retail Sales-Gasoline increase of 73% to $190.8M. Net income benefited from Retail segment income increase of 20% to $85.5M. Dividend per share remained flat at $0.17.

Equity composition

Common Stock Cl. A $.05 Par, 03/11, 150M auth., 12,890,933 issd. Insiders own 2.43%. IPO 9/87, 3M shares Class A @ $13 by Drexel. 01/11, Common Stock Cl. B $.05 Par, 100M auth., 11,621,326 issd.