Ingles Markets' sales rise in Q3

ASHEVILLE, N.C. Ingles Markets' net sales rose 3.5% to $856.1 million for the three months ended June 26, compared with the year-ago period.

The supermarket chain also reported that its its net income totaled $11.7 million, for the three-month period ended June 26, compared with $4.7 million in the year-ago period. Additionally, operating and administrative expenses increased $6.5 million, or 4.1%, to $164.5 million for the three months ended June 26, from $158 million in the same period last year.

Company CEO Robert Ingle, stated, “We are pleased with our growth in sales and in customer visits to our stores. Our improved results highlight our goals of building sales and customer visits as drivers to deliver better results in an economic and competitive environment that still has significant challenges.”

Ingles Markets operates 202 supermarkets in six southeastern states. The company does disclose pharmacy sales, the chain operates pharmacies in about 70 of its stores.