Ingles Markets (IMKTA) Reports Q2 EPS of $0.71
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Ingles Markets, Incorporated Reports Higher Net Income for Second Quarter and First Half of Fiscal 2015
May 11, 2015 6:30 AM EDTASHEVILLE, N.C.--(BUSINESS WIRE)-- Ingles Markets, Incorporated (NASDAQ:Â IMKTA) today reported higher net income for the three and six months ended March 28, 2015 compared with the three and six months ended March 29, 2014. Net income rose 36.8% and totaled $14.3 million for the quarter ended March 28, 2015. For the six months ended March 28, 2015 net income rose 46.8% and totaled $29.3 million. Second quarter fiscal 2015 sales (excluding gasoline sales) increased 1.0% to $810.9 million. Comparable store sales (excluding gasoline) increased 1.2%. Second quarter fiscal 2015 total sales, including gasoline decreased 3.4% from last years second quarter sales to $915.3 million. Per gallon gasoline prices were significantly lower in fiscal 2015 compared... More
