Higher expenses, gas deflation sink Ingles 1Q results

Decreasing gasoline prices, along with higher labor costs, contributed to decreases in sales and net earnings during the fiscal first quarter at Ingles Markets, the company said Monday.

Although the Asheville, N.C.-based retailer sold more gasoline than a year ago, a 29% decrease in average per-gallon prices as compared with last year triggered a 1.4% decrease in sales for the quarter. Ingles totaled $951.1 million in

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