Ingles Boosts Cap-Ex Again - ASHEVILLE, N.C.

Ingles Markets here said it plans to continue increasing its capital expenditures over the next few years. Robert P. Ingle, chief executive officer, said the company expects to spend $100 million in fiscal 2007, compared with $94.3 million in fiscal 2006 and $59.9 million in fiscal 2005.

Ingles Markets here said it plans to continue increasing its capital expenditures over the next few years. Robert P. Ingle, chief executive officer, said the company expects to spend $100 million in fiscal 2007, compared with $94.3 million in fiscal 2006 and $59.9 million in fiscal 2005. “We are going to be investing a lot, and we certainly expect to see that pay us back in increased profits,” he said in a conference call yesterday discussing earnings for the recently ended fiscal year. The 1

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