STRONG GAINS AT INGLES WERE TEMPERED BY DEBENTURES

BLACK MOUNTAIN, N.C. -- Ingles Markets here reported strong gains for the three-month and six-month periods ended March 29 -- but results were negatively affected by the company's decision to redeem all of its outstanding convertible subordinated debentures earlier this year. an costs and redemption premium associated with the early extinguishment of this debt (net of the income tax benefit) was $600,000,

BLACK MOUNTAIN, N.C. -- Ingles Markets here reported strong gains for the three-month and six-month periods ended March 29 -- but results were negatively affected by the company's decision to redeem all of its outstanding convertible subordinated debentures earlier this year.

an costs and redemption premium associated with the early extinguishment of this debt (net of the income tax benefit) was $600,000, the company said.

Extraordinary items aside, the company said sales for

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