US regional retailer Ingles Markets has booked an increase in first-quarter profits, despite what it claims was a “very competitive” holiday season.
In the three months ended 29 December, net profit amounted to US$11.6m, a 9.2% increase on the prior year period. Operating profit climbed 10.2% to $33.5m.
Sales in the period edged up 1.6% to $932.8m. Comparable grocery sales, excluding fuel, were up 1.5%.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
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
