Ingles Markets, Inc Reports 44th Year of Record Sales

Category: Daily News Article Discussions > Topics		Add to favorite topics Post New Topic
Rate this topic: Low 1 - 2 - 3 - 4 - 5 High Avg rating: 0.0 (0 votes)

Author	Topic: Ingles Markets, Inc Reports 44th Year of Record Sales	Post a Reply Back to Topics

JT Moderator	Message Posted: 12/1/2008 10:06:07 AM	Ignore JT Report Abuse
	Monday, December 01, 2008 Market Watch -- ASHEVILLE, N.C., Dec 01, 2008 (BUSINESS WIRE) -- Ingles Markets, Incorporated (IMKTA 13.33, -0.16, -1.2%) today reported its 44th consecutive year of sales growth. Sales grew 13.6% to $3.24 billion for the fiscal year ended September 27, 2008, compared with fiscal 2007 sales. This was the first time in the Company's history sales exceeded $3 billion. Fourth quarter sales totaled $842.8 million, a 13.0% increase, compared with the fourth quarter of the prior fiscal year. For the 2008 year, net income totaled $52.1 million compared with $58.6 million for fiscal year 2007. Fourth quarter fiscal year 2008 net income totaled $10.5 million compared with $14.2 million for the fourth quarter of fiscal year 2007. Predominant factors affecting comparative net income include energy costs, weather-related disruptions in retail gasoline operations, and higher costs related to the Company's accelerated store expansions in fiscal year 2008. Capital expenditures almost doubled to $248.8 million in fiscal 2008 compared with fiscal 2007. Visit Market Watch for full article

REPLIES (newest first)

First

Next Last

FordF2502001 Veteran Author Mississippi Posts:257 Points:81,250 Joined:Sep 2008	Message Posted: 12/5/2008 11:26:12 AM	Ignore FordF2502001 Report Abuse
	higher gas prices = higher profits for retail chains that sell gas
SpaLady Rookie Author Florida Posts:49 Points:15,735 Joined:Oct 2008	Message Posted: 12/5/2008 11:20:22 AM	Ignore SpaLady Report Abuse
	What does this article have to do with gas prices?
Mandasmommy Veteran Author Indiana Posts:311 Points:63,545 Joined:Oct 2008	Message Posted: 12/2/2008 3:27:51 PM	Ignore Mandasmommy Report Abuse
	ok
skybiker Veteran Author South Carolina Posts:392 Points:81,155 Joined:Jul 2008	Message Posted: 12/2/2008 1:39:12 PM	Ignore skybiker Report Abuse
	Why a story about a Supermarket Company?
foxesfords Sophomore Author Atlanta Posts:231 Points:64,675 Joined:Nov 2008	Message Posted: 12/2/2008 11:35:28 AM	Ignore foxesfords Report Abuse
	Ingles is a smart chain.....They stay out of the large cities, and build in the smaller markets, where the prices are not as competitive.
rerosales Veteran Author Corpus Christi Posts:271 Points:226,600 Joined:Mar 2008	Message Posted: 12/2/2008 10:37:42 AM	Ignore rerosales Report Abuse
	Gasoline sales hurt their bottom line.
farmersboy Veteran Author Madison Posts:371 Points:68,325 Joined:Oct 2008	Message Posted: 12/2/2008 10:03:42 AM	Ignore farmersboy Report Abuse
	Old stuff
Lonewolftx Champion Author Houston Posts:5,961 Points:1,171,535 Joined:Sep 2005	Message Posted: 12/2/2008 9:57:58 AM	Ignore Lonewolftx Report Abuse
	Makes no fuel sense to me . . .
BartBuzz Veteran Author Atlanta Posts:421 Points:213,160 Joined:Aug 2006	Message Posted: 12/2/2008 9:49:40 AM	Ignore BartBuzz Report Abuse
	What's this have to do with gas prices?
eaglev Champion Author Oklahoma City Posts:1,217 Points:377,775 Joined:Jul 2005	Message Posted: 12/2/2008 9:48:43 AM	Ignore eaglev Report Abuse
	What does this have to do with gas prices?
spheremaker1 All-Star Author Arizona Posts:516 Points:398,465 Joined:May 2006	Message Posted: 12/2/2008 9:42:56 AM	Ignore spheremaker1 Report Abuse
	this is Tuesday... guess we got up too early
VTROCK Sophomore Author Detroit Posts:181 Points:56,330 Joined:Sep 2008	Message Posted: 12/2/2008 9:41:16 AM	Ignore VTROCK Report Abuse
	Since we can't find any related stories, perhaps we can get some sports news.
Dragoniar Sophomore Author Grand Rapids Posts:228 Points:344,285 Joined:Aug 2005	Message Posted: 12/2/2008 9:40:41 AM	Ignore Dragoniar Report Abuse
	OK???????
AZDaisy Veteran Author Arizona Posts:325 Points:95,640 Joined:Sep 2008	Message Posted: 12/2/2008 9:37:17 AM	Ignore AZDaisy Report Abuse
	Prices went up $.10 here. How does that work?
mvosevich Champion Author St. Louis Posts:1,560 Points:313,705 Joined:Aug 2004	Message Posted: 12/2/2008 9:36:34 AM	Ignore mvosevich Report Abuse
	Relevance ?
GasholeMI Champion Author Lansing Posts:1,976 Points:159,390 Joined:Jul 2008	Message Posted: 12/2/2008 9:36:25 AM	Ignore GasholeMI Report Abuse
	???
tobasco Champion Author Los Angeles Posts:3,282 Points:866,020 Joined:Mar 2004	Message Posted: 12/2/2008 9:33:27 AM	Ignore tobasco Report Abuse
	So if you give the customer what they want at a fair price, they will flock to you and make you profitable/ What business school teaches that?
eddieM2008 Sophomore Author Pennsylvania Posts:153 Points:48,730 Joined:Sep 2008	Message Posted: 12/2/2008 9:32:54 AM	Ignore eddieM2008 Report Abuse
	When it comes to oil prices, no news is good news.
rod1965 All-Star Author Portland Posts:722 Points:116,345 Joined:Jul 2007	Message Posted: 12/2/2008 9:29:47 AM	Ignore rod1965 Report Abuse
	Are we running out of stories?
armstrmb Champion Author Houston Posts:2,377 Points:523,620 Joined:Jun 2007	Message Posted: 12/2/2008 9:27:10 AM	Ignore armstrmb Report Abuse
	I've never seen an Ingles Markets store; however, if I do see one, I will shop there. If they are customer-friendly enough to sell gasoline at cost during the Ike crisis (as opposed to some Chevron stations in the Houston area that doubled their prices the day after the storm), I am willing to go there.
BoerneWatch Champion Author San Antonio Posts:6,725 Points:876,660 Joined:Oct 2005	Message Posted: 12/2/2008 9:26:27 AM	Ignore BoerneWatch Report Abuse
	Talk about a positive spin. If this was talking about Walmart or Exxon, the headline would be that Ingles Markets, Inc Reports a 30% drop in profits which is what they are reporting.
niceguytx Champion Author Houston Posts:5,934 Points:1,150,350 Joined:Sep 2005	Message Posted: 12/2/2008 9:26:17 AM	Ignore niceguytx Report Abuse
	I don't think this is the most relevant article.
sgm4law Champion Author Maryland Posts:6,948 Points:805,775 Joined:Mar 2006	Message Posted: 12/2/2008 9:23:10 AM	Ignore sgm4law Report Abuse
	Why is this here? What do we care?
spunky4443 Champion Author Washington Posts:1,388 Points:503,300 Joined:May 2005	Message Posted: 12/2/2008 9:22:39 AM	Ignore spunky4443 Report Abuse
	And I thought that the Dog, took a right turn, but I guess he went Left.??????
salog All-Star Author Columbia Posts:881 Points:432,960 Joined:Oct 2006	Message Posted: 12/2/2008 9:20:51 AM	Ignore salog Report Abuse
	ok
REVLAW Champion Author San Antonio Posts:2,338 Points:441,560 Joined:Jul 2007	Message Posted: 12/2/2008 9:19:04 AM	Ignore REVLAW Report Abuse
	Matts Pap ... you are on point. Reading this article is a complete waste of time. No useful information for the average person is present.
parsec All-Star Author Toronto Posts:586 Points:89,490 Joined:Oct 2008	Message Posted: 12/2/2008 9:18:43 AM	Ignore parsec Report Abuse
	People keep buying - good.
bug27 Champion Author Kentucky Posts:2,200 Points:1,219,950 Joined:Apr 2005	Message Posted: 12/2/2008 9:18:23 AM	Ignore bug27 Report Abuse
	Who?
danthemanvan Champion Author Montgomery Posts:3,345 Points:696,855 Joined:Nov 2006	Message Posted: 12/2/2008 9:18:14 AM	Ignore danthemanvan Report Abuse
	let's don't stop conserving gas, no matter how low the price goes!
PenDoctrJD Champion Author Orange County Posts:3,650 Points:1,423,415 Joined:Aug 2001	Message Posted: 12/2/2008 9:17:17 AM	Ignore PenDoctrJD Report Abuse
	Who?
MightyDude Champion Author Minnesota Posts:2,266 Points:1,075,095 Joined:Mar 2003	Message Posted: 12/2/2008 9:17:12 AM	Ignore MightyDude Report Abuse
	ugh
glazarides All-Star Author Akron Posts:597 Points:380,215 Joined:Jul 2006	Message Posted: 12/2/2008 9:16:23 AM	Ignore glazarides Report Abuse
	Well, it looks like somebody is doing OK under the Bush economy.
Chazzer Champion Author Nevada Posts:8,315 Points:1,773,285 Joined:May 2002	Message Posted: 12/2/2008 9:15:36 AM	Ignore Chazzer Report Abuse
	This is good for the Southeast ... I guess!
REVLAW Champion Author San Antonio Posts:2,338 Points:441,560 Joined:Jul 2007	Message Posted: 12/2/2008 9:15:12 AM	Ignore REVLAW Report Abuse
	For the GasBuddy moderator ... find stories related to "news" of use to your audience. This attempt could be unkindly classified as a "miserable failure" or kindly classified as "misguided". I've read the whole article and no useful information is present. Perhaps you could "do a better job" in article selection. [Edited by: REVLAW at 12/2/2008 9:17:07 AM EST]
Sisipepe Sophomore Author Maryland Posts:212 Points:46,070 Joined:Oct 2008	Message Posted: 12/2/2008 9:14:34 AM	Ignore Sisipepe Report Abuse
	good
shenna Sophomore Author Ontario Posts:139 Points:128,525 Joined:Jul 2008	Message Posted: 12/2/2008 9:14:27 AM	Ignore shenna Report Abuse
	profits like that means alot of pcice gouging
jake7497 All-Star Author Wisconsin Posts:700 Points:123,075 Joined:Aug 2008	Message Posted: 12/2/2008 9:14:11 AM	Ignore jake7497 Report Abuse
	ok
cableman31 Champion Author New York Posts:1,009 Points:476,140 Joined:May 2004	Message Posted: 12/2/2008 9:12:39 AM	Ignore cableman31 Report Abuse
	OK!!!
73bronco Sophomore Author Orange County Posts:103 Points:22,025 Joined:Sep 2004	Message Posted: 12/2/2008 9:12:10 AM	Ignore 73bronco Report Abuse
	good for them. they are doing something right
kelsielee Veteran Author Atlanta Posts:396 Points:86,200 Joined:Sep 2008	Message Posted: 12/2/2008 9:11:34 AM	Ignore kelsielee Report Abuse
	Ingles has grocery stores and sells gas at many in the SE. They seem to be doing better in their grocery profits. When fuel prices increased, we saw food prices go up dramatically. Now that fuel has fallen, food prices should also - but they have not. This article seems to support that since the grocery part of their business has done well in the past 12 months.
Palico Sophomore Author South Carolina Posts:161 Points:53,870 Joined:May 2008	Message Posted: 12/2/2008 9:10:14 AM	Ignore Palico Report Abuse
	okay. good for them.
owatonnajeep Champion Author Minnesota Posts:1,787 Points:361,175 Joined:Nov 2007	Message Posted: 12/2/2008 9:09:02 AM	Ignore owatonnajeep Report Abuse
	Ingles markets... gas stations?
spadilla Veteran Author San Antonio Posts:431 Points:86,115 Joined:Apr 2007	Message Posted: 12/2/2008 9:08:34 AM	Ignore spadilla Report Abuse
	I have to worry when somebody reports such a massive profit and attributes it to "energy costs, weather-related disruptions in retail gasoline operations, and higher costs". This means they are "sticking it" to somebody.
thedennis64 All-Star Author Dallas Posts:816 Points:743,370 Joined:Aug 2003	Message Posted: 12/2/2008 9:08:22 AM	Ignore thedennis64 Report Abuse
	And the "good news" just keep on coming...
rylank Sophomore Author Mississippi Posts:203 Points:45,165 Joined:Oct 2008	Message Posted: 12/2/2008 9:05:55 AM	Ignore rylank Report Abuse
	Yesterday's news
mrkel Champion Author Cincinnati Posts:1,840 Points:854,700 Joined:Apr 2006	Message Posted: 12/2/2008 9:03:50 AM	Ignore mrkel Report Abuse
	One of the Big 3 auto-makers ought to hire the CEO of this company.
timwil Champion Author Arkansas Posts:2,585 Points:539,630 Joined:May 2007	Message Posted: 12/2/2008 9:03:36 AM	Ignore timwil Report Abuse
	ok
Pseudorious All-Star Author Philadelphia Posts:561 Points:239,765 Joined:Sep 2005	Message Posted: 12/2/2008 9:03:20 AM	Ignore Pseudorious Report Abuse
	Some good news.
Lewis4622 Veteran Author Missouri Posts:381 Points:81,275 Joined:Sep 2008	Message Posted: 12/2/2008 9:02:50 AM	Ignore Lewis4622 Report Abuse
	Good for them. Not many, in ANY business, can say that.
Dale Jr. Champion Author Iowa Posts:8,245 Points:1,658,150 Joined:May 2004	Message Posted: 12/2/2008 9:02:42 AM	Ignore Dale Jr. Report Abuse
	So their fiscal year ended in September. Let's see how this quarter turns out for them.

Post a reply

Back to Topics

First

Next Last