North Carolina retailer Ingles Markets Inc. reported sales and income gains in the third quarter of Fiscal 2018.
Net sales at Asheville-based Ingles totaled $1.03 billion, up from $984 million; and net income was $24.5 million, up from $11.5 million.
“This past quarter’s concentration on increasing sales showed positive results,” says Robert P. Ingle II, chairman. “Our associates have worked very hard to improve the product and service offering in our stores.”
Q3 sales increased in all of Ingles’ retail product categories. Comparable store sales rose 1.8 percent over the third quarter of 2017, and the number of transactions and average transaction size also were up.