Store Opening Expenses Sink Ingles Q4 Profits

Higher expenses for new store development and charges associated with retiring debt sent net profits at Ingles Markets down by 50.4% during the fiscal fourth quarter that ended Sept. 26, the retailer here said Monday.

ASHEVILLE, N.C. — Higher expenses for new store development and charges associated with retiring debt sent net profits at Ingles Markets down by 50.4% during the fiscal fourth quarter that ended Sept. 26, the retailer here said Monday.

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