Ingles to Boost Spending

Ingles Markets said last week it plans to increase capital spending to $200 million this year, with a focus firmly on top-line growth. Ingles' annual baseline capital spending range is between $150 million and $175 million, Ronald B. Freeman, chief financial officer and vice president, finance, said during a conference call. This increased level of spending reflects our confidence

ASHEVILLE, N.C. — Ingles Markets here said last week it plans to increase capital spending to $200 million this year, with a focus firmly on top-line growth.

Ingles' annual baseline capital spending range is between $150 million and $175 million, Ronald B. Freeman, chief financial officer and vice president, finance, said during a conference call. “This increased level of spending reflects our confidence in our store-development process, even during current economic uncertainti

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