INGLES MARKETS REGISTERS INCREASES IN VOLUME, PROFIT

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

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.

2ND-QUARTER RESULTS

Qtr Ended 3/30/96 3/25/95

Sales $364.2 million $327.9 million

Change + 11.1%

Net Income $4.43 million $2.19 million

Change + 102.6%

Inc/Share 24 cents 12 cents

26 Weeks 1996 1995

Sales $721.6 million $658.1 million

Change + 9.6%

Same-store + 7%

Net Income $9.2 million $6.0 million

Change + 51.9%

Inc/Share 50 cents 33 cents