Ingles Focusing on Top-Line Growth With Increase in Cap Spending

Ingles Markets here said yesterday it would raise capital spending to $200 million this year — an increase of more than 14% over the $175 million it said earlier this year it would spend.

ASHEVILLE, N.C. — Ingles Markets here said yesterday it would raise capital spending to $200 million this year — an increase of more than 14% over the $175 million it said earlier this year it would spend. “This increased level of spending reflects our confidence in our store-development process, even during current economic uncertainties," Ronald B. Freeman, chief financial officer and vice president, finance, told analysts during a conference call to discuss financial results for the second

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