In an 8-K filing with the Securities and Exchange Commission, the company reported that it will begin a search for a new CFO immediately and consider both internal and external candidates.
25, net sales grew 8.2% to $4.99 billion, building on 9.7% growth to $4.61 billion in fiscal 2020 and more than double the $2.3 billion in net sales for fiscal 2005, the year he joined the retailer.
We have benefited greatly from his counsel, and we are grateful for the company’s strong financial position that has been created under his stewardship.
Ingles Markets finished fiscal 2021 with 198 supermarkets in six states, including 75 in North Carolina, 65 in Georgia, 35 in South Carolina, 21 in Tennessee, and one apiece in Virginia and Alabama.