Ingles OKs 1M Share Buyback

The board of directors of Ingles Markets here has authorized the company to buy back up to 1 million shares of its Class A and Class B stock.

ASHEVILLE, N.C. — The board of directors of Ingles Markets here has authorized the company to buy back up to 1 million shares of its Class A and Class B stock.

“The stock repurchase authorization highlights our confidence in Ingles’ business and our outlook for continued growth,” Robert P. Ingle. Chief executive officer, said in a statement.

Ingles’ Class A stock, traded on the NASDAQ exchange, h

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