Ingles Q1 Earnings Up Despite Competition

ASHEVILLE, N.C. — Ingles Markets here on Monday said sales and earnings increased despite a “very competitive” holiday season.

Sales for Ingles’ fiscal first quarter, which ended Dec. 29, totaled $932.8 million, a 1.6% increase from the same period last year. Excluding gasoline, comparable-store sales improved by 1.5%, reflecting an increase in shopping trips and a stable average basket size. Net e

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