Business
Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2025
ASHEVILLE, N.C.--(BUSINESS WIRE)-- Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the quarter and year ended September 27, 2025.
About this update from Ingles Markets, Incorporated
[{"type":"text","content":" ASHEVILLE, N.C.--(BUSINESS WIRE)--\nIngles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the quarter and year ended September 27, 2025.\n\nRobert P. Ingle II, Chairman of the Board, stated, “We continue to make improvements in the company to strengthen the customer experience. We want to thank our associates for their hard work and dedication during this past challenging year.”\n\nFourth Quarter Results\n\nNet sales totaled $1.37 billion for the quarter ended September 27, 2025, compared with $1.40 billion for the quarter ended September 28, 2024. Fourth quarter results for fiscal 2025 and 2024 each consisted of 13 weeks of operations.\n\nGross profit for the fourth quarter of fiscal 2025 totaled $334.7 million, or 24.5% of sales. Gross profit for the fourth quarter of fiscal 2024 was $299.4 million, or 21.4% of sales.\n\nOperating and administrative expenses for the fourth quarter of fiscal 2025 totaled $299.0 million compared with $301.0 million for the fourth quarter of fiscal 2024.\n\nInterest expense totaled $5.0 million for the fourth quarter of fiscal 2025 compared with $5.2 million for the fourth quarter of fiscal 2024. Total debt at the end of fiscal 2025 was $514.8 million compared with $532.6 million at the end of fiscal 2024.\n\nNet income totaled $25.7 million for the fourth quarter of fiscal 2025 compared with a net loss of $1.5 million for the fourth quarter of fiscal 2024. For the quarter and year ended September 28, 2024, the Company recognized an impairment loss of $30.4 million related to inventory damaged or destroyed by Hurricane Helene. Additionally, the Company recognized a property and equipment impairment loss of $4.5 million for the quarter and year ended September 28, 2024. Basic and diluted earnings per share for Class A Common Stock were $1.38 and $1.35, respectively, for the quarter ended September 27, 2025, as compared with basic and diluted loss per share of $0.08 for the quarter ended September 28, 2024. Basic and diluted earnings per share for Class B Common Stock were each $1.26 for the quarter ended September 27, 2025, as compared with basic and diluted losses per share of $0.07 for the quarter ended September 28, 2024.\n\nAnnual Results\n\nNet sales totaled $5.33 billion for the fiscal year ended September 27, 2025, compared with $5.64 billion for the fiscal year ended Sep...