SALES UP, PROFITS DOWN AT INGLES MARKETS

ASHEVILLE, N.C. -- Ingles Markets here said last week it expects capital expenditures in 2006 to fall between $60 million and $70 million to open five new stores.

The company said it anticipates spending approximately $70 million this year to open four new stores, one of which has already opened, and expand two other locations, both of which have been completed; it also purchased three future store sites and closed two stores. It said it is scheduled to open three stores during

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