Ingles reported its net sales of $1.45 billion for the quarter ended September 24, 2022, compared with $1.34 billion in the year-ago quarter. Excluding gasoline sales, the supermarket chain’s comparable store sales climbed +5.2%.
Gross profit for the fourth quarter of fiscal 2022 totaled $364.8 million, or 25.1% of sales (vs. $341.3 million, or 25.6% of sales in the year-ago period). Diluted earnings per share for Class A Common Stock came in at $3.69 per share for the quarter, lower than $3.78 in the year-ago quarter.
Robert P. Ingle II, Chairman of the Board, mentioned, "Ingles delivered strong results as we continue our focus on fresh, affordable offerings to our customers. We would like to thank all our dedicated associates for maintaining outstanding shopper conditions and providing value to our customers."