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Ingles Markets, Incorporated logo

Ingles Markets, Incorporated

IMKTA
$82.63
+1.51%
2026-09-03 16:00:01 EDT+$1.23
Consumer Defensive
Grocery Stores
NASDAQ
Active Trading

Ingles Markets, Incorporated functions as a major supermarket chain predominantly located throughout the southeastern United States. The company provides a comprehensive selection ...

Price Action

$82.63
+1.51%+$1.23
High—
Low—
52W High-13.4%
Rel. vol—
Interval
Range6.2h
Volume—SMA5SMA10
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Company Overview

Ingles Markets, Incorporated is a publicly traded regional food retailer listed on the Nasdaq Global Select Market under the symbol IMKTA. The company was founded in 1963 when Robert P. Ingle opened the first Ingles supermarket in Asheville, North Carolina. Over time, Ingles developed a concentrated store network across the ...Ingles Markets, Incorporated is a publicly traded regional food retailer listed on the Nasdaq Global Select Market under the symbol IMKTA. The company was founded in 1963 when Robert P. Ingle opened the first Ingles supermarket in Asheville, North Carolina. Over time, Ingles developed a concentrated store network across the southeastern United States, with a particularly strong presence in western North Carolina, western South Carolina, northern Georgia, eastern Tennessee, southwestern Virginia, and northeastern Alabama. The company emphasizes local market knowledge, convenient store locations, competitive pricing, and a broad assortment designed for routine household shopping. As reported in the supplied company information, Ingles operated approximately 198 supermarkets as of September 2021, including 189 stores under the Ingles name and nine Sav-Mor locations. Its retail network also included more than 100 pharmacies and more than 100 fuel centers. Supermarket offerings include fresh produce, meat, seafood, dairy, frozen foods, packaged groceries, beverages, organic items, health and beauty products, general merchandise, floral products, greeting cards, bakery items, delicatessen products, and prepared meals. Many stores provide services intended to increase customer convenience and shopping frequency, including pharmacies, fuel stations, full-service delicatessens, bakeries, and ready-to-eat or ready-to-heat meal options. A distinctive element of Ingles’ business model is its ownership of Milkco, Inc., a milk processing and packaging operation. Milkco produces and distributes products such as milk, organic milk, fruit juices, and bottled water. These products can be supplied to Ingles stores as well as external retailers, food-service distributors, and wholesale grocery warehouses. This vertical integration gives Ingles additional control over portions of its supply chain and provides a complementary source of revenue beyond supermarket retailing. The company also sells proprietary private-label products alongside national brands. Private-label merchandise can support customer value propositions and potentially improve gross-margin management, although grocery retail generally operates with relatively narrow operating margins. The supplied trailing-twelve-month data indicates a gross margin of approximately 24.5%, an operating margin of about 2.6%, and a net profit margin near 1.9%, reflecting the competitive and low-margin nature of supermarket operations. Reported metrics include approximately $1.67 billion in market capitalization, a price-to-earnings ratio near 15.8, and a dividend of approximately $0.66 per share, although market values and financial ratios change over time. Ingles reported approximately 25,551 full-time employees, placing it in the 20,001-to-50,000 employee category. James W. Lanning is identified as chief executive officer. The company remains closely associated with the founding Ingle family, which has historically maintained significant ownership and influence. Key operating priorities generally include maintaining affordable prices, protecting store-level execution, improving pharmacy and fuel-center performance, managing labor and distribution costs, investing in stores and infrastructure, and preserving customer loyalty in competition with national supermarket chains, warehouse clubs, discount grocers, and online retailers. Ingles’ regional concentration can provide strong local brand recognition, while also exposing the company to regional economic conditions, food inflation, labor costs, supply-chain pressures, and competitive pricing demands.
Founded
1963
Employees
25551
CEO
James W. Lanning
Full Name
Ingles Markets, Incorporated
Sector
Consumer Defensive
Industry
Grocery Stores
ROE
6.30%
Market Cap
$1.57B
Current Ratio
3.21
WACC
6.24%
ROIC
5.25%

Contact Information

https://www.ingles-markets.com
828 669 2941
2913 U.S. Hwy., Asheville, NC 28711

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