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Ingles Markets, Incorporated Reports Results for First Quarter Fiscal 2024 [Yahoo! Finance]

Ingles Markets, Incorporated - Class A (IMKTA) 
Company Research Source: Yahoo! Finance
Robert P. Ingle II, Chairman of the Board, stated, "During the quarter, we remained focused on providing service and value to our customers. We are grateful to our associates for their continued dedication and service." First Quarter 2024 Results Net sales totaled $1.48 billion for the quarter ended December 30, 2023, a decrease of 0.8% compared with $1.49 billion for the quarter ended December 24, 2022. Gross profit for the first quarter of fiscal 2024 totaled $348.8 million, or 23.6% of sales. Gross profit for the first quarter of fiscal 2023 was $371.2 million, or 24.9% of sales. Operating and administrative expenses for the first quarter of fiscal 2024 totaled $289.8 million compared with $276.2 million for the first quarter of fiscal 2023. Interest expense totaled $5.7 million for the first quarter of fiscal 2024 compared with $5.3 million for the first quarter of fiscal 2023. Total debt at the end of the first quarter of fiscal 2024 was $546.9 million compared with $5 Show less Read more
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