Ingles Drives Sales Gains With Competitive Pricing

Ingles Markets here said last week sales and earnings increased for the second quarter and first half that ended March 31, while gross margins were slightly lower as the company sought to protect its market shares and keep prices low. Net income jumped 43.1% to $13.5 million for the quarter and 43.4% to $24.7 million for the half, while sales rose 12.3% to $681.2 million for the quarter

ASHEVILLE, N.C. — Ingles Markets here said last week sales and earnings increased for the second quarter and first half that ended March 31, while gross margins were slightly lower as the company sought to protect its market shares and keep prices low.

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TAGS: Marketing