10-Q · February 5, 2026
Ingles Markets reported a strong quarter with total revenue of $1.373 billion, reflecting a 6.6% increase year-over-year. Gross profit also rose by 11.1% to $334.6 million, leading to a significant rise in net income to…
Earnings analysis · 10-Q
IMKTA earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Ingles Markets, Inc. reported a revenue of $1.31 billion in Q2 2026, down 1.8% from the same quarter last year, but an increase in EPS to $1.28 from $0.80 indicates improved profitability. Operating and administrative…
Read full summary
Ingles Markets, Inc. reported a revenue of $1.31 billion in Q2 2026, down 1.8% from the same quarter last year, but an increase in EPS to $1.28 from $0.80 indicates improved profitability. Operating and administrative expenses rose slightly relative to sales while gross profit margins improved, contributing to a net income of $24.3 million for the quarter.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.28
- Gross margin
- 24.9%
What stood out
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Revenue and EPS Growth
Revenue for Q2 2026 reached $1.31 billion, down 1.8% YoY, but EPS significantly increased to $1.28 from $0.80.
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Improved Gross Profit Margin
Gross profit margin improved to 24.9% from 23.4% in the prior year, with gross profit increasing by $14.3 million.
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Notable Increase in Net Income
Net income rose to $24.3 million in Q2 2026 from $15.1 million in the prior year.
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Strong Cash Flow Generation
Operating cash flow was $122.2 million for the six months ended March 28, 2026, a substantial increase from $19.4 million last year.
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Reduction in Interest Expense
Interest expense decreased to $4.5 million from $4.9 million, reflecting lower interest rates.
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Controlled Capital Expenditures
Capital expenditures totaled $53.0 million for the six months, with expected future investments between $120-$140 million.
What to watch
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Revenue Decline
Net sales decreased by $23.4 million, or 1.8%, to $1.31 billion compared to $1.33 billion last year.
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Increased Operating Expenses
Operating and administrative expenses rose by $16.7 million, or 2.9%, to $586.6 million due to increased salaries and miscellaneous expenses.
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Impacts of Hurricane Damage
Three stores remain closed due to Hurricane Helene, affecting operational capacity and sales.
Management's outlook
Capital expenditure plans for fiscal 2026 include investments of approximately $120 to $140 million.
Earlier filings 4
10-K · November 26, 2025
Ingles Markets reported a challenging year ending September 27, 2025, with total revenue decreasing to $5.33 billion from $5.64 billion in 2024. Despite the revenue decline, the company focused on capital expenditures,…
10-Q · August 7, 2025
Ingles Markets, Inc. reported Q3 2025 results with net sales decreasing 3.4% year-over-year to $1.35 billion. Net income fell to $26.2 million, down from $31.7 million in the prior year, primarily due to increased…
10-Q · May 8, 2025
Ingles Markets, Inc. reported a decline in revenue and net income for Q2 FY2025 compared to the same period last year, impacted significantly by Hurricane Helene which resulted in temporary store closures and increased…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.