Ingles rings up higher sales, income
Oct 1, 2005 12:00 PM
Ingles Markets Inc reported sales increases for its third quarter and nine months ended June 25, 2005.
Net sales for the June 2005 quarter increased 5.4% over the June 2004 quarter to $566.7 million, while comparable store sales grew 5.5% for the same period. For the nine months ended June 25, 2005, net sales rose 5.7% over the 2004 period to $1.68 billion, while comparable store sales grew 5.6%.
Gross profit dollars for the three- and nine-month periods ended June 2005 increased $2.1 million and $15.5 million, respectively, compared with the same periods of fiscal 2004.
Net income for the June 2005 quarter totaled $6.6 million, compared with $8.3 million for the June 2004 quarter. Net income for the nine months ended June 25, 2005, was $17.2 million, versus $17.9 million for the June 2004 nine-month period.
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