Ingles Markets closes out fiscal 2021 with 8.2% sales gain | Supermarket News

25, net sales totaled $1.34 billion, up 11.6% from $1.2 billion in the fiscal 2020 quarter, when sales climbed 11.3%, Ingles Markets said Wednesday.

Gross profit in the quarter came in at $341.3 million, or 25.6% of sales, up from $324.5 million, or 27.1% of sales, in the 2020 quarter.

Basic and diluted earnings per share for Class A common stock were $3.86 and $3.78, respectively, for the 2021 quarter versus $2.94 and $2.86 in the prior-year period.

Basic and diluted EPS for Class A Common Stock were $13.06 and $12.73, respectively, up from $9.06 and $8.82 a year earlier.

Ingles Markets closed out fiscal 2021 with 198 supermarkets in six states, including 74 in North Carolina, 66 in Georgia, 35 in South Carolina, 21 in Tennessee, and one apiece in Virginia and Alabama, compared with 197 stores overall at the end of fiscal 2020.

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