Ingles Markets Reports Q1 Profit of $16.6 Million

ASHEVILLE, N.C. - Ingles Markets Inc. (IMKTA) announced today a net income of $16.6 million for the first quarter of its fiscal year. On a per-share basis, the company reported earnings of 87 cents.

The Asheville, North Carolina-based grocer's revenue for the quarter was $1.29 billion.

This press release was automatically generated using data from Zacks Investment Research. For more information on Ingles Markets Inc., please visit https://www.zacks.com/ap/IMKTA.