Ingles Markets 2025 Q4 Earnings Strong Turnaround with 1845% Net Income Surge

The company’s Q4 2025 results exceeded expectations with a dramatic reversal from a $1.5M loss to $25.7M profit. Guidance remained in-line with expectations, emphasizing liquidity and store recovery timelines without explicit revenue targets.

Revenue

The total revenue of Ingles Markets decreased by 2.1% to $1.37 billion in 2025 Q4, down from $1.40 billion in 2024 Q4 .

Earnings/Net Income

Ingles Markets returned to profitability with EPS of $1.35 in 2025 Q4, reversing from a loss of $0.08 per share in 2024 Q4 (1845.8% positive change). Meanwhile, the company achieved a remarkable turnaround with net income of $25.70 million in 2025 Q4, representing a 1845.2% positive swing from the net loss of $-1.47 million in 2024 Q4. The EPS of $1.35 reflects a strong recovery, highlighting the company’s operational resilience.

Price Action

The stock price of Ingles Markets has edged down 0.62% during the latest trading day, has climbed 4.67% during the most recent full trading week, and has climbed 7.57% month-to-date.

Post-Earnings Price Action Review

The strategy of buying Ingles Markets (IMKTA) shares after its revenue drop quarter-over-quarter on the financial report release date and holding for 30 days resulted in poor performance over the past three years. The strategy yielded a return of -6.85%, significantly underperforming the benchmark return of 63.02%. The excess return was -69.87%, and the strategy's CAGR was -2.50%, indicating substantial losses and lack of growth.

CEO Commentary

Robert P. Ingle II, Chairman of the Board, highlighted ongoing operational improvements to enhance the customer experience and expressed gratitude for associates’ efforts during a “challenging year.” He emphasized strengthening the company’s position through associate dedication, reflecting a cautious yet appreciative tone. The commentary focused on addressing past-year difficulties without specifying growth drivers, underscoring operational resilience amid external pressures.

Guidance

The company expects to reopen three stores damaged by Hurricane Helene in 2026 or 2027 and anticipates sufficient financial resources—including a $150.0 million line of credit and internal funds—to meet capital expenditures, debt service, and working capital needs “for the foreseeable future.” No explicit quantitative guidance for revenue, earnings, or operational metrics was provided, with forward-looking statements centered on liquidity and store recovery timelines.

Additional News

Within three weeks of the earnings release, Ingles Markets announced quarterly dividends of $0.165/share (Class A) and $0.15/share (Class B) on November 26, 2025, payable in December. On October 9, 2025, the board reiterated its dividend policy, reflecting confidence in sustained cash flow. Additionally, the company received a Nasdaq notice on December 26, 2024, regarding delayed filing of its 2024 10-K due to Hurricane Helene disruptions, with a compliance extension until June 2025. These updates underscore the company’s focus on shareholder returns and regulatory compliance amid operational challenges.