Consumer Mood Lifts Ingles' Q1

ASHEVILLE, N.C. — Rebounding customer spending helped lift Ingles Markets here to a 3.8% sales increase and a 28.3% increase in net income during the fiscal first quarter, the retailer here said last week. Comparable-store sales excluding gasoline improved by 2.9%, sparking a 4.4% increase in gross profit, while margins improved by 20 basis points to 22.2% of sales, officials said. Total sales for the

ASHEVILLE, N.C. — Rebounding customer spending helped lift Ingles Markets here to a 3.8% sales increase and a 28.3% increase in net income during the fiscal first quarter, the retailer here said last week.

Comparable-store sales excluding gasoline improved by 2.9%, sparking a 4.4% increase in gross profit, while margins improved by 20 basis points to 22.2% of sales, officials said. Total sales for the pe

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