Highlights 

  • Ingles Markets reports Q4 2025 net sales of USD 1.37 billion. 
  • Quarterly net income improves to USD 25.7 million versus a previous year's loss. 
  • FY2025 net sales total USD 5.33 billion, reflecting a modest year-over-year decline. 
  • Capital expenditures decreases significantly to USD 114.5 million for FY2025. 
  • Three hurricane-damaged stores remain closed but are expected to reopen between 2026–2027. 

Ingles Markets (NASDAQ:IMKTA), Incorporated released financial results for the fourth quarter ended September 27, 2025, reporting net sales of USD 1.37 billion compared with USD 1.40 billion in the prior-year period. While sales dipped slightly, profitability improved meaningfully. 
Gross profit reached USD 334.7 million, representing 24.5 percent of sales, up from USD 299.4 million and 21.4 percent of sales a year earlier.Operatingand administrative expenses declined modestly to USD 299.0 million. 
Net income rose to USD 25.7 million, reversing a USD 1.5 million net loss in Q4 2024. Last year’s quarter was affected by USD 30.4 million in inventory impairment and USD 4.5 million in property impairment tied to Hurricane Helene. 
Earnings per share for Class A Common Stock were USD 1.38 basic and USD 1.35 diluted, while Class B shares earned USD 1.26 per share. Interest expense declined slightly to USD 5.0 million. The company ended the fiscal year with a total debt of USD 514.8 million, lower than the USD 532.6 million level recorded at the end of 2024. 

Full-Year Results Reflect Lower Sales but Stable Cost Control 

For the fiscal year ended September 27, 2025, Ingles reported net sales of USD 5.33 billion, compared with USD 5.64 billion in FY2024. Gross profit totaled USD 1.27 billion, or 23.9 percent of sales, up from USD 1.30 billion, or 23.0 percent, last year. 
Operating and administrative expenses remained consistent year-over-year at USD 1.159 billion, while interest expenses decreased to USD 19.7 million due to lower borrowings. 
Net income for FY2025 was USD 83.6 million, compared with USD 105.5 million in FY2024. Class A earnings per share were USD 4.50 basic and USD 4.40 diluted, compared with USD 5.68 and USD 5.56, respectively, in the prior year. Class B earnings per share were USD 4.09 versus USD 5.16 in FY2024. 
Capital expendituresfell significantly to USD 114.5 million from USD 210.9 million, reflecting a more measured investment approach following prior-year hurricane impacts. 

Operational Outlook and Recovery Efforts 

As of the fiscal year-end, Ingles had only one USD 500,000 letter of credit outstanding under its USD 150.0 million credit facility, leaving substantialliquidityavailable for operations, store improvements, and rebuilding efforts. 
Of the four stores temporarily closed due to Hurricane Helene, three remained offline but are expected to reopen between 2026 and 2027. Ingles continues to invest in facilities, customer service enhancements, and supply chain operations, including its owned dairy processing facility. 

Conclusion 

Ingles Markets closed fiscal 2025 with improved fourth-quarter profitability, lower debt levels, and steady operating discipline despite modest sales declines. The company enters FY2026 with ample liquidity, a reduced capital spending burden, and a roadmap to restore hurricane-affected stores. Its continued focus on customer experience, operational efficiency, and community recovery positions the grocer for stable performance in the year ahead.