INGLES EARNS RECORD PROFIT DESPITE FUEL, LABOR COSTS

ASHEVILLE, N.C. -- Ingles Markets here said last week the company had in the fiscal year ended Sept. 30 earned the largest profit in its 37-year history, in spite of an economic environment featuring a tight labor market and increasing fuel costs..1%.During the year, Ingles opened four new and eight replacement stores, closed two stores and completed three major remodel/expansions and eight minor

ASHEVILLE, N.C. -- Ingles Markets here said last week the company had in the fiscal year ended Sept. 30 earned the largest profit in its 37-year history, in spite of an economic environment featuring a tight labor market and increasing fuel costs.

.1%.

During the year, Ingles opened four new and eight replacement stores, closed two stores and completed three major remodel/expansions and eight minor remodels.

For the 14-week fourth quarter, sales increased 12.3% to $5

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