BLACK MOUNTAIN, N.C. -- Ingles Markets here announced its 10th consecutive increase in net sales and its eighth consecutive increase in net income in the fourth quarter ended Sept. 24.
Net sales increased 8.4% from $295.3 million for the year-ago period to $320.2 million this year. Net income rose from $3.6 million to $4.3 million, an 18% increase.
For the year, net sales increased 8% to $1.2 billion from $1.1 billion last year. Net income for the year rose 70.1% from $11.7 mi