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Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States.
It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items. The company also owns and operates a milk processing and packaging plant that supplies organic milk, fruit juices, and bottled water products to other retailers, food service distributors, and grocery warehouses. In addition, it provides home meal replacement items, delicatessens, bakeries, floral departments, and greeting cards, as well as broad selections of local organic, beverage, and health-related items. As of September 25, 2021, the company operated 189 supermarkets under the brand name Ingles, and nine supermarkets under the brand name Sav-Mor in western North Carolina, western South Carolina, northern Georgia, eastern Tennessee, southwestern Virginia, and northeastern Alabama, as well as 111 pharmacies and 107 fuel stations.
Ingles Markets, Incorporated was founded in 1963 and is headquartered in Asheville, North Carolina.
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WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Summer Road LLC (“Summer Road” or “we”), the beneficial owner of approximately 3% of the outstanding shares of Class A common stock of Ingles Markets, Incorporated (NASDAQ: IMKTA) (“Ingles” or the “Company”), today issued the following statement in response to the Company's April 8th and April 10th presentations. “Our campaign has always been about giving Class A shareholders truly independent representation on the Company's Board of Directors following I.
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that it has issued a presentation in connection with its upcoming Annual Meeting of Shareholders (“Annual Meeting”) scheduled to be held on April 30, 2026. The presentation details material facts that Sacklers' Summer Road LLC (“Summer Road”) and its nominee Rory Held have failed to disclose to Ingles shareholders, including risks illustrated by their prior involvement with Peak Resorts. The full pres.
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that it has issued an investor presentation in connection with its upcoming Annual Meeting of Shareholders (“Annual Meeting”) scheduled to be held on April 30, 2026. The full presentation can be accessed online here. Highlights of the presentation include: Ingles Is a Leading Regional Grocer with Strong Community Relationships, a Record of Solid Performance and a Strategy That Is Delivering Significan.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Summer Road LLC (“Summer Road”), the beneficial owner of approximately 3% of the outstanding shares of Class A common stock of Ingles Markets, Incorporated (NASDAQ: IMKTA) (“Ingles” or the “Company”), today released an investor presentation titled, “Why Class A Shareholders Need Independent, Aligned Representation on the Board.” The full presentation can be downloaded by clicking here. *** If you have questions about how to elect Summer Road's independent.
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that it has filed a definitive proxy statement with the Securities and Exchange Commission (“SEC”) in connection with its upcoming Annual Meeting of Shareholders (“Annual Meeting”) scheduled to be held on April 30, 2026. In conjunction with the filing of the definitive proxy statement, Ingles' Board of Directors is mailing a letter to shareholders, which reviews critical information for shareholders t.
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Summer Road LLC (“Summer Road”), the beneficial owner of approximately 3% of the outstanding shares of Class A common stock of Ingles Markets, Incorporated (NASDAQ: IMKTA) (“Ingles” or the “Company”), today announced that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with Ingles' 2026 Annual Meeting of Shareholders to be held on April 30, 2026. Summer Road also sent the below letter to Class A sha.
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable April 16, 2026, to all shareholders of record on April 9, 2026.
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ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported results for the three months ended December 27, 2025. Robert P. Ingle II, Chairman of the Board, stated, “We are pleased with the results and want to thank our associates for their continued commitment and efforts throughout the holiday season.” First Quarter 2026 Results Net sales totaled $1.37 billion for the quarter ended December 27, 2025, an increase of 6.6% compared with $1.29 billion for the qua.
Ingles Markets trades at a discount, due to hurricane-damaged stores, yet profitability has largely recovered. Three stores remain closed, likely suppressing 2026 revenue growth to 3%, with reopening possibly delayed until 2027. IMKTA's gross margin rose 310 bps in 4Q 2025; EBITDA margin reached 5.2%, supporting a higher valuation.
Ingles Markets remains severely undervalued, trading at deep discounts to cash flow, revenue, and especially book value. Recent revenue and profit declines are largely attributable to temporary hurricane-related store closures, not organic business deterioration. IMKTA boasts exceptionally low net debt and industry-leading net leverage, supporting a low-risk profile versus peers.
Ingles Markets, Incorporated (NASDAQ: IMKTA - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $69.40 and traded as high as $69.45. Ingles Markets shares last traded at $69.21, with a volume of 103,822 shares changing hands. Analyst
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable January 15, 2026, to all shareholders of record on January 8, 2.
Creative Planning grew its position in shares of Ingles Markets, Incorporated (NASDAQ: IMKTA) by 125.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,608 shares of the company's stock after purchasing an additional 7,564 shares during the period. Creative
