ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable January 14, 2021, to all shareholders of record on January 7, 2021. Ingles Markets, Incorporated is a leading grocer with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 197 supermarkets. In conjunc
Ingles Markets, Incorporated (NASDAQ:IMKTA) today reported results for the three and nine months ended June 29, 2024. Robert P. Ingle II, Chairman of the Board, stated, "We continue to stay focused on our goal of providing excellent customer service and products at affordable prices. We would like to thank all our associates for their hard work and dedication." Third Quarter Results Net sales totaled $1.39 billion for the quarter ended June 29, 2024, compared with $1.43 billion for the quarter ended June 24, 2023. Gross profit for the third quarter of fiscal 2024 totaled $329.8 million, or 23.7% of sales. Gross profit for the third quarter of fiscal 2023 was $338.1 million, or 23.6%
Ingles Markets, Incorporated (NASDAQ:IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable July 18, 2024, to all shareholders of record on July 11, 2024. Ingles Markets, Incorporated is a leading grocer with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 198 supermarkets. In conjunction with its supermarket operations, the Compa
Ingles Markets, Incorporated (NASDAQ:IMKTA) today reported sales for the three and six months ended March 30, 2024. Robert P. Ingle II, Chairman of the Board, stated, "We are pleased with our results and thank all our associates for their continued service to our customers and company." Second Quarter 2024 Results Net sales totaled $1.37 billion for the quarter ended March 30, 2024, a decrease of 0.95% compared with $1.38 billion for the quarter ended March 25, 2023. Gross profit for the second quarter of fiscal 2024 totaled $321.9 million, or 23.5% of sales. Gross profit for the second quarter of fiscal 2023 was $325.9 million, or 23.6% of sales. Operating and administrative expe
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Ingles Markets, Incorporated (NASDAQ:IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable July 18, 2024, to all shareholders of record on July 11, 2024. Ingles Markets, Incorporated is a leading grocer with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 198 supermarkets. In conjunction with its supermarket operations, the Compa
Ingles Markets, Incorporated (NASDAQ:IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable April 18, 2024, to all shareholders of record on April 11, 2024. Ingles Markets, Incorporated is a leading grocer with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 198 supermarkets. In conjunction with its supermarket operations, the Com
Ingles Markets, Incorporated (NASDAQ:IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable January 19, 2024, to all shareholders of record on January 12, 2024. Ingles Markets, Incorporated is a leading grocer with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 198 supermarkets. In conjunction with its supermarket operations, the
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Ingles Markets (NASDAQ:IMKTA) reported quarterly earnings of $1.68 per share. This is a 21.13 percent decrease over earnings of $2.13 per share from the same period last year. The company reported $1.37 billion in sales this quarter. This is a 0.98 percent decrease over sales of $1.38 billion the same period last year.
What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the consumer defensive sector: Herbalife (NYSE:HLF) - P/E: 5.65 Adecoagro (NYSE:AGRO) - P/E: 7.1 Ingles Markets (NASDAQ:IMKTA) - P/E: 7.9 Vector Group (NYSE:VGR) - P/E: 9.73 S&W Seed (NASDAQ:SANW) - P/E: 1.63 This quarter, Herbalife experienced a decrease in earnings per share, which was $0.65 in Q3 and is now $0.28. Its most recent dividen
Ingles Markets (NASDAQ:IMKTA) reported quarterly earnings of $2.28 per share. This is a 37.53 percent decrease over earnings of $3.65 per share from the same period last year. The company reported $1.48 billion in sales this quarter. This is a 0.80 percent decrease over sales of $1.49 billion the same period last year.
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