Ingles Posts 13.1% Gain in Quarterly Sales

Ingles Markets on Friday posted double-digit gains in sales for its third fiscal quarter, and earnings also increased when adjusted for one-time gains in the year-ago period.

ASHEVILLE, N.C. — Ingles Markets here on Friday said posted double-digit gains in sales for its third fiscal quarter, and earnings also increased when adjusted for one-time gains in the year-ago period. Net income on an absolute basis was down 19.1%, to about $16 million, but rose 8.1% excluding extraordinary gains in the third quarter of 2007. Total sales rose 13.1% in the period, to $835.3 million, and comparable-store sales excluding gas and adjusted for the early Easter this year were up

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