INGLES REPORTS VOLUME RISES, NET DECLINES DURING QUARTER

BLACK MOUNTAIN, N.C. -- Ingles Markets here said sales for the 13-week first quarter ended Dec. 27 increased 5.7% to $403 million. Same-store sales increased 0.12%. d.Net income for the period declined 44% to $2.8 million, or 13 cents per share, compared with $5.0 million, or 24 cents per share, in the year-ago quarter.Although Ingles has entered into an agreement with Birmingham, Ala.-based Bruno's

BLACK MOUNTAIN, N.C. -- Ingles Markets here said sales for the 13-week first quarter ended Dec. 27 increased 5.7% to $403 million. Same-store sales increased 0.12%.

d.

Net income for the period declined 44% to $2.8 million, or 13 cents per share, compared with $5.0 million, or 24 cents per share, in the year-ago quarter.

Although Ingles has entered into an agreement with Birmingham, Ala.-based Bruno's to acquire 13 Georgia units from that chain, those plans were put

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