INGLES: 1Q SALES UP, BUT HIGHER COSTS HURT EARNINGS

ASHEVILLE, N.C. -- Ingles Markets here said that last week sales increased, but net income fell due to higher operating costs for the second quarter and six months ended March 31.et income fell 50.7% to $3.2 million for the quarter and 32.7% to $7.6 million for the half.Robert P. Ingle, chairman and chief executive officer of the 207-store chain, said operating income fell during the quarter due to

ASHEVILLE, N.C. -- Ingles Markets here said that last week sales increased, but net income fell due to higher operating costs for the second quarter and six months ended March 31.

et income fell 50.7% to $3.2 million for the quarter and 32.7% to $7.6 million for the half.

Robert P. Ingle, chairman and chief executive officer of the 207-store chain, said operating income fell during the quarter due to increased operating and administrative expenses, including higher labor cos

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