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IMKTA

Ingles Markets, Incorporated

IMKTA

Ingles Markets, Incorporated • NASDAQ
$76.92 ▼ -0.48% (-0.37)
Market Cap $1.46 B
52w High $78.59
52w Low $58.92
Dividend Yield 0.66%
P/E 17.48
Volume 53.41K
Outstanding Shares 18.99M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $1.368B ▲ $298.96M ▲ $25.699M ▼ 1.878% ▼ $2.28 ▲ $68.862M ▼
Q3-2025 $1.346B ▲ $289.989M ▲ $26.199M ▲ 1.946% ▲ $1.41 ▲ $70.789M ▲
Q2-2025 $1.331B ▲ $289.336M ▲ $15.106M ▼ 1.135% ▼ $0.8 ▼ $55.08M ▼
Q1-2025 $1.288B ▼ $277.563M ▼ $16.588M ▲ 1.288% ▲ $0.87 ▲ $57.808M ▲
Q4-2024 $1.398B $300.834M $-1.473M -0.105% $-0.077 $36.323M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $366.246M ▲ $2.566B ▲ $950.123M ▼ $1.616B ▲
Q3-2025 $336.087M ▲ $2.547B ▲ $953.292M ▲ $1.594B ▲
Q2-2025 $297.329M ▲ $2.506B ▲ $934.609M ▲ $1.572B ▲
Q1-2025 $269.51M ▼ $2.493B ▼ $931.664M ▼ $1.562B ▲
Q4-2024 $353.688M $2.528B $982.134M $1.546B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $25.699M ▼ $59.9M ▼ $-23.025M ▲ $-6.716M ▲ $30.159M ▼ $36.784M ▼
Q3-2025 $26.199M ▲ $74.786M ▲ $-29.015M ▼ $-7.013M ▲ $38.758M ▲ $45.378M ▲
Q2-2025 $15.106M ▼ $63.06M ▲ $-24.037M ▲ $-11.203M ▼ $27.82M ▲ $38.859M ▲
Q1-2025 $16.588M ▲ $-43.647M ▼ $-33.859M ▲ $-6.671M ▼ $-84.178M ▼ $-81.423M ▼
Q4-2024 $-1.473M $73.261M $-67.664M $-6.667M $-1.071M $5.434M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Gasoline
Gasoline
 $140.00M ▲$150.00M ▲$160.00M ▲$160.00M ▲
Grocery
Grocery
 $480.00M ▲$490.00M ▲$480.00M ▼$490.00M ▲
Non Foods
Non Foods
 $290.00M ▲$290.00M ▲$300.00M ▲$300.00M ▲
Perishables
Perishables
 $330.00M ▲$350.00M ▲$360.00M ▲$360.00M ▲
Other Segment
Other Segment
 $40.00M ▲$50.00M ▲$50.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Ingles shows a classic “post‑pandemic normalization” pattern. Sales have stayed relatively high and fairly stable, but profits have come down from unusually strong levels a few years ago. Gross profit dollars have held up reasonably well, yet operating profit and net income have compressed as costs for labor, goods, and operations have risen faster than selling prices. Earnings per share are now much lower than during the peak years, but the business remains clearly profitable. Overall, the income statement points to a solid, mature grocer dealing with margin pressure rather than a growth story or a distressed situation.

Balance Sheet

Balance Sheet The balance sheet looks like a key strength. Total assets have been steadily increasing, supported by meaningful ownership of store real estate. Cash levels have built up over time, while debt has inched down, and equity has grown consistently. This combination suggests a company that has used recent strong years to quietly strengthen its foundation. Leverage appears moderate for a grocery chain, and the heavy real estate ownership gives Ingles flexibility and resilience in downturns compared with heavily leased peers.

Cash Flow

Cash Flow Cash generation is steady and generally healthy. Operating cash flow has been relatively stable, even as profits have cooled, which is important for a low‑margin, high‑volume business like grocery. Free cash flow remains positive, though it has come down from earlier highs because Ingles is spending more on store investments and infrastructure. The pattern suggests the company is comfortably funding its capital projects out of internally generated cash, with room to keep reinvesting in the business while maintaining financial stability.

Competitive Edge

Competitive Edge Ingles is a regional player, but with several durable advantages. Owning a large share of its store real estate lowers long‑term occupancy risk and raises barriers for rivals in many of its markets. A long history in the Southeast, a multi‑generation customer base, and a well‑used loyalty card deepen local relationships. Vertical integration through its own distribution operations and milk processing adds supply‑chain control and can support margins. On the other hand, Ingles competes against national chains, club stores, and hard discounters, many of which are more advanced in e‑commerce and data‑driven marketing. Its moat is based more on location, real estate, and local loyalty than on cutting‑edge digital capabilities.

Innovation and R&D

Innovation and R&D Ingles is not a flashy innovator, but it is making practical upgrades. Recent work has focused on modernizing store networks and systems so that in‑store technology, curbside pickup, and contactless features run reliably. The company has mobile apps and a long‑standing loyalty program, giving it a base of customer data it has not yet fully exploited. Future upside likely depends on how well Ingles can use this data for more targeted promotions, expand e‑commerce and delivery options, and continue remodeling stores to keep them fresh. The innovation approach is measured and incremental rather than aggressive, which fits a conservative, cash‑focused grocer but may leave it trailing the largest national chains in digital sophistication.

Summary

Ingles comes across as a financially solid, regionally focused grocer with strong asset backing and steady cash generation, but with profits off their peak and facing typical grocery‑sector margin pressures. Its strengths lie in owned real estate, local brand loyalty, private‑label offerings, and a controlled supply chain. Risks center on rising costs, intense price competition, and the need to keep up with shifting shopper habits toward online and convenience. The key things to watch going forward are: whether margins can stabilize at a comfortable level, how effectively Ingles uses its loyalty data and apps to personalize the customer experience, the pace and payoff of store remodels and digital investments, and how well it defends its regional niche against larger, more technologically advanced competitors.

NEWS

November 26, 2025 · 7:30 AM UTC

Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2025

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September 29, 2025 · 11:00 AM UTC

Ingles Markets, Incorporated Declares Quarterly Cash Dividend

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