BLACK MOUNTAIN, N.C. -- Sales at Ingles Markets here jumped 11.1% to $364.2 million in the second quarter and 9.6% to $721.6 million in the half.
tore sales climbed 7%. Net income increased 102.6% to $4.43 million in the quarter and 51.9% to $9.2 million in the half.
Robert P. Ingle, chairman and chief executive, stated, "We continue to merchandise better, purchase and price aggressively and advertise effectively -- all of which translate into improved sales, improved gross profit and improved operating income, positively impacting the bottom line. Our concentration on critical expense items has enabled us to reduce their growth." "We continue to build our store base not only for long-term but also for short-term growth," he added.