Ingles Markets Inc ( (IMKTA) ) has released its Q4 earnings. Here is a breakdown of the information Ingles Markets Inc presented to its investors.
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Ingles Markets, Incorporated, a leading grocery retailer operating in six southeastern states, is headquartered in Asheville, North Carolina, and manages 197 supermarkets alongside neighborhood shopping centers and a fluid dairy facility.
Ingles Markets reported its financial results for the fourth quarter and fiscal year 2025, highlighting a year of strategic improvements and resilience despite challenges. The company emphasized its commitment to enhancing customer experience and acknowledged the hard work of its associates throughout the year.
For the fourth quarter of 2025, Ingles Markets achieved net sales of $1.37 billion, a slight decrease from the previous year’s $1.40 billion. However, the company saw a significant improvement in gross profit, which rose to $334.7 million, or 24.5% of sales, compared to 21.4% in the prior year. Notably, the company turned around its net income to $25.7 million from a net loss of $1.5 million in the same quarter of 2024, which had been impacted by hurricane-related impairments.
On an annual basis, Ingles Markets reported net sales of $5.33 billion for fiscal year 2025, down from $5.64 billion in 2024. Despite the decrease in sales, the company maintained a stable gross profit margin of 23.9%. The fiscal year net income was $83.6 million, a decline from $105.5 million in 2024. The company also reduced its capital expenditures significantly from $210.9 million in 2024 to $114.5 million in 2025, indicating a more conservative investment approach.
Looking ahead, Ingles Markets remains optimistic about its financial resources and operational strategies. The company believes it has sufficient financial resources to meet its capital expenditures, debt service, and working capital requirements, positioning it well for future growth and stability.