Bull
$87.72
Scenario price
$86.780
+0.312 (+0.36%)At close
Ingles Markets, Incorporated is a grocer with operations in six southeastern states. The Company, in conjunction with its supermarket operations, operates neighborhood shopping centers, most of which contain an Ingles supermarket. It owns a fluid dairy facility that supplies its supermarkets and unaffiliated customers. Its supermarkets offer customers a variety of nationally advertised food products, including grocery, meat and dairy products, produce, frozen foods and other perishables and non-food products. Its non-food products include fuel centers, pharmacies, health/beauty/cosmetic products and general merchandise, and quality private label items. It focuses on selling products to its customers through the development of certified organic products, bakery departments and prepared foods, including delicatessen sections. It operates a total of approximately 194 supermarkets in North Carolina (72), Georgia (64), South Carolina (35), Tennessee (21), Virginia (one) and Alabama (one).
Ingles Markets Inc appears to be a good buy at the current price of 85.66, supported by a strong gross margin of 24.28% and a year-to-date change of +22.95%. The main risk is the recent 5-day change of -1.14%, indicating short-term volatility.
Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.

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Ingles Markets Reports Strong Q2 Earnings with Increased Revenue and Profit

Ingles Markets Reports Strong Q2 Financial Results
Ingles Markets, Incorporated is a grocer with operations in six southeastern states. The Company, in conjunction with its supermarket operations, operates neighborhood shopping centers, most of which contain an Ingles supermarket. It owns a fluid dairy facility that supplies its supermarkets and unaffiliated customers. Its supermarkets offer customers a variety of nationally advertised food products, including grocery, meat and dairy products, produce, frozen foods and other perishables and non-food products. Its non-food products include fuel centers, pharmacies, health/beauty/cosmetic products and general merchandise, and quality private label items. It focuses on selling products to its customers through the development of certified organic products, bakery departments and prepared foods, including delicatessen sections. It operates a total of approximately 194 supermarkets in North Carolina (72), Georgia (64), South Carolina (35), Tennessee (21), Virginia (one) and Alabama (one). It operates in the Consumer Non-Cyclicals sector (GROCERY STORES industry).
Ingles Markets Inc appears to be a good buy at the current price of 85.66, supported by a strong gross margin of 24.28% and a year-to-date change of +22.95%. The main risk is the recent 5-day change of -1.14%, indicating short-term volatility.
1 analysts cover IMKTA: 1 rate it Buy, 0 Hold and 0 Sell.
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