Last $25.73 USD
Change Today -0.13 / -0.50%
Volume 34.9K
IMKTA On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

ingles markets inc-class a (IMKTA) Snapshot

Open
$25.67
Previous Close
$25.86
Day High
$26.04
Day Low
$25.61
52 Week High
07/23/13 - $29.33
52 Week Low
02/6/14 - $21.94
Market Cap
585.6M
Average Volume 10 Days
46.5K
EPS TTM
$2.95
Shares Outstanding
13.5M
EX-Date
07/8/14
P/E TM
8.7x
Dividend
$0.66
Dividend Yield
2.57%
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

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 July 24, 2014, to all shareholders of record on July 10, 2014.

The Alkaline Water Company Inc. Announces Distribution of Product Through Ingles Markets Inc

The Alkaline Water Company Inc. announced distribution of product through Ingles Markets Inc.

Ingles Markets, Incorporated Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 29, 2014; Provides Capital Expenditures Guidance for the Fiscal Year 2014

Ingles Markets, Incorporated announced unaudited consolidated earnings results for the second quarter and six months ended March 29, 2014. Second quarter net income increased 29.2% to $10.5 million, compared with net income of $8.1 million for the prior year's second quarter. Net sales increased by 2.9% to $947.8 million for the three months ended March 29, 2014, from $920.7 million for the three months ended March 30, 2013. The growth in sales was negatively affected by the Easter holiday, which benefited sales in the second quarter of last fiscal year but will not occur until the third quarter this fiscal year. Basic and diluted earnings per share for Class A Common Stock were $0.47 and $0.46, respectively, for the quarter ended March 29, 2014, compared to $0.35 and $0.33, respectively, for the quarter ended March 30, 2013. Basic and diluted earnings per share for Class B Common Stock were each $0.43 for the quarter ended March 29, 2014, compared with $0.32 of basic and diluted earnings per share for the quarter ended March 30, 2013. Income from operations was $27,805,000 against $27,722,000 a year ago. Net sales increased $37.2 million to $1.89 billion for the six months ended March 29, 2014, from $1.86 billion for the six months ended March 30, 2013. Net income totaled $20.0 million for the six-month period ended March 29, 2014, compared with $19.7 million for the six-month period ended March 30, 2013. Basic and diluted earnings per share for Class A Common Stock were $0.91 and $0.88, respectively, for the six months ended March 29, 2014, compared to $0.85 and $0.81, respectively, for the six months ended March 30, 2013. Basic and diluted earnings per share for Class B Common Stock were each $0.83 for the six months ended March 29, 2014, compared to $0.77 of basic and diluted earnings per share for the six months ended March 30, 2013. Capital expenditures for the March 2014 six-month period totaled $51.8 million, compared with $47.0 million for the March 2013 six-month period. Income from operations was $54,005,000 against $61,203,000 a year ago. Capital expenditures for the entire fiscal year are expected to be approximately $100 million to $140 million, including expenditures for stores to open in fiscal 2014 and 2015, as well as for the company's ongoing remodeling program to multiple stores.

 

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Industry Analysis

IMKTA

Industry Average

Valuation IMKTA Industry Range
Price/Earnings 28.2x
Price/Sales 0.2x
Price/Book 1.4x
Price/Cash Flow 27.7x
TEV/Sales NM Not Meaningful
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