ASHEVILLE, NC - Ingles Markets, Incorporated reported results for the three and nine months ended June 28, 2025.

Robert P. Ingle II, Chairman of the Board, stated in the recent release, “We appreciate our associates as they continue to deliver value and a great shopping experience for our customers.”

Third Quarter Results

Net sales totaled $1.35 billion for the quarter ended June 28, 2025, compared with $1.39 billion for the quarter ended June 29, 2024.

Gross profit for the third quarter of fiscal 2025 totaled $327.3 million, or 24.3% of sales. Gross profit for the third quarter of fiscal 2024 was $329.8 million, or 23.7% of sales.

Operating and administrative expenses for the third quarter of fiscal 2025 totaled $290.1 million compared with $286.3 million for the third quarter of fiscal 2024.

Interest expenses totaled $4.9 million for the third quarter of fiscal 2025 compared with $5.4 million for the third quarter of fiscal 2024.

Net income totaled $26.2 million for the third quarter of fiscal 2025, as compared with $31.7 million for the third quarter of fiscal 2024. Basic and diluted earnings per share for Class A Common Stock were $1.41 and $1.38, respectively, for the quarter ended June 28, 2025, as compared with $1.71 and $1.67, respectively, for the quarter ended June 29, 2024. Basic and diluted earnings per share for Class B Common Stock were each $1.28 for the quarter ended June 28, 2025, as compared with $1.55 for the quarter ended June 29, 2024.

Nine Month Results

Net sales totaled $3.97 billion for the nine months ended June 28, 2025, as compared with $4.24 billion for the nine months ended June 29, 2024.

Gross profit for the nine months ended June 28, 2025, totaled $939.4 million, or 23.7% of sales. Gross profit for the nine months ended June 29, 2024, totaled $1.0 billion, or 23.6% of sales.

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