Ingles posts 7.3% sales gains in Q1
Squeeze on gross margins yields slower profit growth of 4.8%
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Squeeze on gross margins yields slower profit growth of 4.8%
Ingles Markets had a good March quarter, with excellent EPS and revenue growth. With a P/E of 8.9x, the company is undervalued. Click to read more.
Ingles Markets Inc. announced the promotion of Patricia (Pat) E. Jackson to chief financial officer. Jackson will replace Ronald B. Freeman, who recently retired as CFO after successfully serving Ingles for nearly 17 years. Jackson has been the company's controller since she joined Ingles in 2010. Prior to that, she was the CFO of Sisters of Mercy Services Corp. Jackson is a licensed CPA and holds a master’s degree in accounting. The company said it has valued her contributions at Ingles and is pleased to continue to benefit from her finance background and leadership expertise.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Press release content from Business Wire. The AP news staff was not involved in its creation. Ingles Markets, Incorporated Reports Sales and Net Income for Second Quarter and First Six Months of Fiscal 2021 May 5, 2021 GMT ASHEVILLE, N.C.--(BUSINESS WIRE)--May 5, 2021-- Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported increased sales and net income for the three and six months ended March 27, 2021. The coronavirus (COVID-19) pandemic was declared a national emergency on March 13, 2020. The pandemic has had a significant impact on the Company’s operations since then. At this time ...