Improved Sales Volume Lifts Ingles

Investments in larger stores and in competitive shelf prices continue to improve volume for Ingles Markets. The retailer here last week said sales totaled $2.85 billion for the 52-week fiscal year that ended Sept. 29. That represented a 9.2% increase from a 53-week fiscal year in 2006. The increased sales volume helped lift yearly profits to $58.6 million, a 37.7% increase over 2006.

ASHEVILLE, N.C. — Investments in larger stores and in competitive shelf prices continue to improve volume for Ingles Markets.

The retailer here last week said sales totaled $2.85 billion for the 52-week fiscal year that ended Sept. 29. That represented a 9.2% increase from a 53-week fiscal year in 2006. The increased sales volume helped lift yearly profits to $58.6 million, a 37.7% increase over 2006. Quarterly sales of $746 million increased 3.2% — 9.6% when adjusted for an ex

Register to view the full article

Already a member? .