Ingles Markets Reports 6.6% Sales Increase and $28.1 Million Net Income for Q1 FY26

Ingles Markets reported Q1 2026 net sales of $1.37 billion, a 6.6% increase from Q1 2025. Gross profit rose to $334.6 million, or 24.4% of sales, compared to $301.1 million, or 23.4% of sales, in the previous year. Net income totaled $28.1 million, up from $16.6 million in Q1 2025. Basic and diluted earnings per share for Class A Common Stock were $1.51 and $1.48, respectively.