Ingles Markets, Incorporated
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- James W. Lanning
- Full Time Employees
- 11,072
- Sector
- Consumer Defensive
- Industry
- Grocery Stores
- Address
- 2913 U.S. Hwy. Asheville NC United States of America 28711
- IPO Date
- Sep 22, 1987
- CIK
- 0000050493
- Website
- ingles-markets.com
- Similar Companies
- Business
- Ingles Markets, Incorporated operates as a supermarket chain primarily in the Southeastern United States, with approximately 198 stores across six states including North Carolina, Georgia, South Carolina, Tennessee, Virginia, and Alabama. The company offers a broad range of grocery products such as nationally advertised food items, meat and dairy products, produce, frozen foods, and other perishables, alongside non-food products including pharmacies, fuel centers, health and beauty care products, and general merchandise. Ingles also provides private label, organic, and locally sourced items and owns and operates neighborhood shopping centers that often house its supermarkets, as well as fuel stations and a fluid dairy processing facility supplying both its stores and unaffiliated customers. Founded in 1963 and headquartered in Black Mountain, North Carolina, Ingles balances retail operations with real estate management. Recent developments within the last 1-2 years include reported financial results for fiscal year 2025 with net sales of $5.33 billion and a net income of $83.6 million, despite challenges from weather events such as Hurricane Helene which affected some store operations temporarily. Capital expenditures were reduced to $114.5 million in 2025 from $210.9 million the previous year. Strategic shifts continue with a focus on strengthening customer experience and operational efficiencies rather than aggressive expansion. Institutional investors have notably increased their holdings in Ingles Markets during the 2025 second quarter, indicating growing interest from hedge funds and investment firms. The company operates around 115 in-store pharmacies and 108 fuel stations as part of its diversified service offerings. Ingles Markets serves a broad range of customers across grocery and convenience needs, operating in the grocery retail industry and focusing on the Southeastern U.S. market. The company remains publicly traded on NASDAQ under the ticker IMKTA and continues to adapt its business with a combination of supermarket, real estate, pharmacy, fuel, and dairy production operations to maintain and grow its footprint within the region. Its strategic emphasis includes enhancing the assortment of private label and local products and maintaining operational flexibility through real estate assets and diversified service channels. This description captures Ingles Markets' core business activities, geographic scope, product and service offerings, latest financial outcomes, and recent strategic operational focus.
Ingles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2026
Ingles Markets Announces Preliminary Voting Results from 2026 Annual Meeting
Summer Road Announces Shareholders Have Overwhelmingly Elected Rory A. Held to Ingles Markets' Board of Directors
Ingles Markets Reminds Shareholders to Vote “FOR” Ingles' Director Nominees -- Rebekah Lowe and Dwight Jacobs
Summer Road Issues Final Letter to Shareholders Ahead of Ingles Markets' April 30th Annual Meeting
Ingles Markets Issues Open Letter to Shareholders
All Three Independent Proxy Advisors Recommend Ingles Markets Shareholders Vote for Rory A. Held
Summer Road Calls on the Board of Ingles Markets to Stop Wasting Shareholder Resources on Fabricated Issues to Mislead Shareholders
Ingles Markets Warns Rory Held Would Not Be an Independent Director Due to Undisclosed Conflicting Duties of Loyalty to the Sackler Family
Ingles Sets the Record Straight on Summer Road's Flawed Real Estate Claims
Ingles Markets Highlights the Strength of Its Two New, Highly-Qualified Director Candidates and Shareholder Returns
Ingles Markets' Surge Doesn't Mean Its Discount Is Gone
3 Dividend Stocks That Are Obvious Buys in Today's Uncertain Market
Summer Road Responds to Ingles Markets' Error-Filled and Deliberately Misleading Presentations
Ingles Markets Issues Presentation Detailing Material Information Summer Road and Rory Held Have Failed to Disclose to Ingles Shareholders, Including Risks Illustrated by Their Prior Involvement at Peak Resorts
Ingles Markets Issues Investor Presentation Highlighting Company's Long Record of Value Creation, Disciplined Strategy and Risks Posed by Sacklers' Summer Road
Summer Road Releases Presentation on Ingles Markets Detailing the Urgent Need for Independent Class A Shareholder Representation on the Board
Ingles Markets Files Definitive Proxy Materials and Mails Letter to Shareholders
Summer Road Files Definitive Proxy Materials and Mails Letter to Ingles Markets Class A Shareholders Outlining Why They Need to Elect an Independent Director to Represent Their Interests
Ingles Markets, Incorporated Declares Quarterly Cash Dividend