Improving Customer Mood Lifts Ingles’ Q1

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

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

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

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