Ingles Drives Sales With Low Prices

Holding the line on rising prices helped Ingles Markets post a 12.1% increase in sales for the fiscal third quarter that ended June 30. Comparable-store sales increased by 11.9% 9.4% excluding fuel as both shopping trips and average basket size increased, company officials said. While new and remodeled stores with expanded product offerings set the sales pace, the fact that the chain

ASHEVILLE, N.C. — Holding the line on rising prices helped Ingles Markets post a 12.1% increase in sales for the fiscal third quarter that ended June 30.

Comparable-store sales increased by 11.9% — 9.4% excluding fuel — as both shopping trips and average basket size increased, company officials said. While new and remodeled stores with expanded product offerings set the sales pace, the fact that the chain absorbed product cost increases rather than pass them along to consumers

Register to view the full article