Ingles achieves positive Q3 earnings

Ingles achieves positive Q3 earnings

Ingles Markets, Asheville, N.C., said Monday earnings were positive on increased sales for the third quarter ended June 28.

Net income for the quarter was $13.8 million, compared with a loss of $14.4 million a year ago, when Ingles incurred a pre-tax loss of $43.1 million on debt refinancing.

Sales for the quarter rose 4.7% to $978.3 million and comparable store sales increased 2.1%, excluding gasoline — aided by

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