Asheville, N.C.-based Ingles Markets reported $1 billion in net sales for the second quarter, up 1.8% from the same period in 2018.

Comparable store sales grew 3.4%, excluding gasoline sales and the effect of higher Easter sales in 2018 due to the timing of the holiday.

Ingles saw customer transactions and average transaction sizes increase in the quarter, according to a news release.

The company also reported growth over the six-month period ended March 30, compared with 2018. Net sales for that time frame were $2.06 billion, up from $2 billion in 2018.

“We are pleased with this year’s sales growth brought about by the hard work of our associates,” chairman of the board Robert P. Ingle II said in the release, “We continue to make investments in our company that will benefit many future periods.”

Shelby Report market share data indicates Ingles has 53 stores in Georgia (4% share), 29 stores in the Mid and East Tennessee/Kentucky/Virginia/Georgia area (2.4% share), 96 stores in the North Carolina/South Carolina/Virginia/West Virginia market (4% share) and 21 stores in the South Carolina/East Georgia area (1.9% share).


Related

How much Stop & Shop strike will cost Ahold Delhaize

Weis Markets reports slight sales increase for Q1

 

Leave your comment