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Stockreport

Ingles Markets, Incorporated Reports Increased Sales and Net Income for Third Quarter and Nine Months of Fiscal 2018

INGLES MARKETS (IMKTA)  More Company Research Source: Business Wire
US:NASDAQ Investor Relations: ingles-markets.com/corporate/investor-relations
PDF ASHEVILLE, N.C.--(BUSINESS WIRE)-- Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported increased sales and net income for the three and nine months ended June 30, 2018. Net sales totaled $1.03 billion and net income totaled $24.5 million for the third quarter ended June 30, 2018, compared with $984.4 million and $11.5 million, respectively, for the third quarter of fiscal year 2017. Net sales totaled $3.03 billion and net income totaled $78.9 million for the nine months ended June 30, 2018, compared with $2.91 billion and $34.5 million, respectively, for the nine months ended June 24, 2017. Fiscal year 2018 third quarter and nine month net income was positively impacted by the passage of the Tax Cuts and Jobs Act of 2017 (Tax Act). Last year’s third fiscal quarter period ended June 2017 benefitted from extra Easter sales. This year, Easter occurred in the March quarter and benefitted fiscal se [Read more]

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