Ingles Markets, Inc., reports record sales & income for 2018

Ingles Markets, Inc., reported total sales of $4.09 billion for fiscal year 2018 compared with $4.00 billion in fiscal year 2017. For the fiscal years ended September 2018...

December 7, 2018

1 minute read

Ingles Markets, Inc., reported total sales of $4.09 billion for fiscal year 2018 compared with $4.00 billion in fiscal year 2017. For the fiscal years ended September 2018 and 2017, net income totaled $97.4 million in 2018 compared with $53.9 million in 2017. Fiscal year 2018 net income was positively impacted by the passage of the Tax Cuts and Jobs Act of 2017 (Tax Act).

Commenting on the results, Robert P. Ingle II, Chairman of the Board, said, “Our associates’ hard work and dedication contributed to our outstanding sales. We will continue to invest in our business for sustainable long-term growth.”

To access full release and financial information,
click here.

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