Ingles boosts Q3 sales, earnings flat

Ingles boosts Q3 sales, earnings flat

Ingles Markets on Monday said sales improved by 1% in the fiscal third quarter but earnings were flat, reflecting lower gasoline prices and margins. Excluding gasoline, comparable-store sales improved by 1.6% in the quarter, with increases in store visits and average basket size, the company said.

Sales totaled $817.4 million and net earnings were $18.4 million. Profits as a percentage of sales rose to 23.5% from 22% i

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