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Ingles Markets Inc (IMKTA) Reports Mixed First Quarter Fiscal 2024 Results [Yahoo! Finance]

Ingles Markets, Incorporated - Class A (IMKTA) 
Company Research Source: Yahoo! Finance
Operating Expenses : Increased to $289.8 million from $276.2 million year-over-year. Net Income : Fell to $43.4 million, with EPS for Class A Common Stock at $2.33 basic and $2.28 diluted. Debt Reduction : Total debt reduced to $546.9 million from $564.5 million at the end of Q1 FY2023. Capital Expenditures : Rose to $63.2 million, up from $59.3 million in the same quarter last year. Warning! GuruFocus has detected 4 Warning Sign with STRT. Ingles Markets Inc ( NASDAQ:IMKTA ) released its 8-K filing on February 8, 2024, detailing its financial performance for the first quarter of fiscal year 2024. The company, a leading supermarket chain in the southeastern United States, operates 198 supermarkets and is known for its combination of grocery stores and neighborhood shopping centers, as well as a fluid dairy facility. Financial Performance Overview For the quarter ended December 30, 2023, Ingles Markets reported a slight decrease in net sales to $1.48 billion, a 0.8% drop Show less Read more
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