INGLES MARKETS SEES SALES, NET INCOME POST INCREASES

ASHEVILLE, N.C. -- Ingles Markets here reported net sales increased 8.2% to $357.4 million during the first quarter ended Dec. 30.or 23% of sales, compared to $73.6 million, or 22.3% of sales in the year-ago period.During the quarter, Ingles opened one new store and remodeled or replaced three. During the remaining three quarters, the company plans to open eight new stores and expand, replace or remodel

ASHEVILLE, N.C. -- Ingles Markets here reported net sales increased 8.2% to $357.4 million during the first quarter ended Dec. 30.

or 23% of sales, compared to $73.6 million, or 22.3% of sales in the year-ago period.

During the quarter, Ingles opened one new store and remodeled or replaced three. During the remaining three quarters, the company plans to open eight new stores and expand, replace or remodel six.

Robert P. Ingle, chairman and chief executive officer of

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