Last $24.63 USD
Change Today -0.48 / -1.91%
Volume 22.4K
IMKTA On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

ingles markets inc-class a (IMKTA) Snapshot

Open
$25.17
Previous Close
$25.11
Day High
$25.17
Day Low
$24.55
52 Week High
05/28/14 - $27.95
52 Week Low
02/6/14 - $21.94
Market Cap
560.6M
Average Volume 10 Days
36.8K
EPS TTM
$1.83
Shares Outstanding
13.5M
EX-Date
10/7/14
P/E TM
13.4x
Dividend
$0.66
Dividend Yield
2.68%
Current Stock Chart for INGLES MARKETS INC-CLASS A (IMKTA)

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ingles markets inc-class a (IMKTA) Details

Ingles Markets, Incorporated operates various supermarkets in the southeast United States. The company’s supermarkets provide various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products comprising fuel, pharmacy products, health and beauty care products, and general merchandise, as well as private label items. Its stores also offer home meal replacement items, delicatessens, bakery and floral products, and greeting cards, as well as various selections of organic, beverage, and health-related items. As of September 28, 2013, the company operated 194 supermarkets under the Ingles name and 9 supermarkets under the Sav-Mor name in western North Carolina, western South Carolina, northern Georgia, eastern Tennessee, southwestern Virginia, and northeastern Alabama. It also operated 91 in-store pharmacies and 74 fuel centers. In addition, the company is engaged in the fluid dairy processing and shopping center rental businesses. It owns and operates 68 shopping centers; and owns 96 additional properties that comprise a free-standing Ingles store, as well as 19 undeveloped sites suitable for a free-standing store. Ingles Markets, Incorporated was founded in 1963 and is based in Black Mountain, North Carolina.

8,740 Employees
Last Reported Date: 12/12/13
Founded in 1963

ingles markets inc-class a (IMKTA) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $876.9K
President, Chief Operating Officer, Director ...
Total Annual Compensation: $876.9K
President of Finance, Chief Financial Officer...
Total Annual Compensation: $375.4K
Director and President of Milko Inc
Total Annual Compensation: $182.9K
Compensation as of Fiscal Year 2013.

ingles markets inc-class a (IMKTA) Key Developments

Ingles Markets, Incorporated Declares Quarterly Cash Dividend, Payable on October 23, 2014

Ingles Markets, Incorporated announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable on October 23, 2014, to all shareholders of record on October 9, 2014.

Ingles Markets Receives Non-Compliance Notice From NASDAQ

On September 2, 2014, Ingles Markets, Incorporated notified the staff of The Nasdaq Stock Market (NASDAQ) of the death of Charles E. Russell, a Director of the Company and member of the Audit/Compensation Committee of the Board of Directors. On September 15, 2014, the Company received notice from NASDAQ that as a result of Mr. Russell’s death, the Company is not in compliance with Listing Rule 5605 which requires the Audit/Compensation Committee to have at least three independent members. The NASDAQ confirmed that consistent with Listing Rule 5605(c)(4), the Company has a cure period until the earlier of the Company’s next annual shareholders’ meeting or August 28, 2015 to regain compliance. The Company’s Board of Directors has begun to identify and evaluate candidates to replace Mr. Russell and expects to appoint a new, independent director to serve on the Board of Directors and its Audit/Compensation Committee until the next annual meeting of shareholders scheduled for February 2015, prior to the expiration of the cure period.

Ingles Markets, Incorporated Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 28, 2014; Provides Capital Expenditure Guidance for the Fiscal Year 2014

Ingles Markets, Incorporated reported unaudited consolidated earnings results for the third quarter and nine months ended June 28, 2014. For the quarter, the company reported net sales of $978.262 million against $934.015 million a year ago. Income from operations was $33.360 million against $32.903 million a year ago. Net income was $13.834 million against net loss of $14.424 million a year ago. Diluted income per common share - Class A was $0.61 against loss of $0.62 per share a year ago. Diluted earnings per common share - Class B were $0.57 against loss of $0.56 per share a year ago. For the nine months, the company reported net sales of net sales were $2,871.147 million against $2,789.687 million a year ago. Income from operations was $87.365 million against $94.106 million a year ago. Net income was $33.822 million against $5.234 million a year ago. Diluted earnings per common share - Class A were $1.49 against $0.21 earnings per share a year ago. Diluted earnings per common share - Class B were $1.40 against $0.21 earnings per share a year ago. Capital expenditures for the June 2014 nine-month period totaled $72.6 million, compared with $76.8 million for the June 2013 nine-month period. Total debt at the end of June 2014 was $909.3 million compared with $934.5 million at the end of June 2013. For fiscal 2014, Capital expenditure is expected to be approximately $100 million to $120 million.

 

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IMKTA Competitors

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Company Last Change
Roundy's Inc $3.12 USD -0.07
Smart & Final Stores Inc $13.10 USD 0.00
SpartanNash Co $20.36 USD -0.30
Village Super Market Inc $24.72 USD +0.24
Weis Markets Inc $40.07 USD +0.05
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Industry Analysis

IMKTA

Industry Average

Valuation IMKTA Industry Range
Price/Earnings 11.4x
Price/Sales 0.1x
Price/Book 1.3x
Price/Cash Flow 11.4x
TEV/Sales NM Not Meaningful
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