Ingles reports positive Q4, full-year results
ASHEVILLE, N.C. — Ingles Markets recorded key increases in its fourth-quarter and full-year results for fiscal year 2011, the retailer announced Monday.
For the fourth quarter ended Sept. 30, net sales increased 5.8% to $905.8 million, compared with the year-ago period, while comparable-store sales (excluding gasoline) rose 2.2%, compared with the fourth quarter of fiscal 2010.
Meanwhile, net sales for the full year reached $3.56 billion, a 5% increase from fiscal year 2010, marking the retailer's 47th consecutive year of record sales. Comparable-store sales (excluding gasoline) saw an increase of 2.3%.
"We are proud of both increased sales and profits, reflecting a fitting tribute to the way my father built and ran this company," Ingles CEO Robert Ingle, Jr., said. "We have a great group of managers and associates that continue to drive excellent results."