Ingles Markets has booked an increase in first-half profits, boosted by higher customer traffic and gas sales.

The US retailer revealed net sales rose to US$1.85bn in the six months to the end of March, up from $1.8bn in the comparable period of last year. Growth was driven by a 2.3% increase in the number of customer transactions and a 4.3% rise in gas sales. Excluding gas and the impact of Easter on comparisons, grocery same-store sales were up 2.4%.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

During the period, net income rose to $19.7m, up from $17.1m. Net income rose to 1.1% of sales, up from 1% of sales in the comparable period of last year, Ingles revealed. The company said margins were boosted by the consolidation of its distribution centre, which was completed in 2012. 

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now