INGLES SALES RISE, MARGINS SQUEEZED

ASHEVILLE, N.C. -- Ingles Markets here said sales increased 7% during its fiscal second quarter, but gross profits were under pressure due to increased promotions and rising gasoline prices.Ingles, which operates 195 stores in six Southeastern states, said sales totaled $557 million during the three months ended March 26, and comparable-store sales grew by 6.3%. Ingles said a portion of the increase

ASHEVILLE, N.C. -- Ingles Markets here said sales increased 7% during its fiscal second quarter, but gross profits were under pressure due to increased promotions and rising gasoline prices.

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