Ingles Markets, Inc. operates a chain of supermarkets in the Southeast United States. The Company's supermarkets offer customers a wide variety of nationally advertised food products, including grocery, meat, produce, deli and bakery as well as pharmacies, health and beauty care products, and general merchandise. As an adjunct to its supermarket business, Ingles owns and operates shopping centers, gas stations and a milk processing and packaging plant.

Employee Rating

2.9More
TypePublic
HQBlack Mountain, US
Founded1963
Size (employees)9,500 (est)
Websiteingles-markets.com
Ingles Markets was founded in 1963 and is headquartered in Black Mountain, US
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Ingles Markets Office Locations

Ingles Markets has an office in Black Mountain
Black Mountain, US (HQ)
2913 Old US Hwy 70 W
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Ingles Markets Financials and Metrics

Ingles Markets Revenue

Ingles Markets's revenue was reported to be $4.09 b in FY, 2018
USD

Revenue (FY, 2018)

4.1b

Gross profit (FY, 2018)

980.2m

Gross profit margin (FY, 2018), %

23.9%

Net income (FY, 2018)

97.4m

EBIT (FY, 2018)

124.8m

Market capitalization (14-Jan-2019)

579.6m

Closing stock price (14-Jan-2019)

28.6

Cash (29-Sep-2018)

10.5m

EV

1.4b
Ingles Markets's current market capitalization is $579.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

3.7b3.8b3.8b3.8b4.0b4.1b

Revenue growth, %

3%(1%)0%

Cost of goods sold

2.9b3.0b2.9b2.9b3.0b3.1b

Gross profit

827.8m845.2m893.3m924.4m963.6m980.2m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

945.1m947.8m978.3m964.5m915.3m946.0m951.1m924.3m957.2m982.8m946.2m984.4m1.0b984.6m1.0b

Cost of goods sold

741.6m741.6m763.1m740.1m696.6m723.8m725.5m695.6m724.3m745.7m718.1m747.3m769.1m749.4m790.9m

Gross profit

203.5m206.1m215.2m224.4m218.7m222.2m225.6m228.7m232.9m237.1m228.1m237.1m244.7m235.2m243.9m

Gross profit Margin, %

22%22%22%23%24%23%24%25%24%24%24%24%24%24%24%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013Y, 2013Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018

Cash

59.5m57.9m12.4m4.7m16.8m16.8m8.6m7.5m7.5m5.7m23.9m10.5m

Accounts Receivable

59.9m66.3m66.3m70.1m

Inventories

329.7m329.7m329.5m338.6m338.6m343.9m349.3m372.2m

Current Assets

434.5m434.5m413.9m432.3m432.3m418.5m445.8m496.7m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

4.6m7.4m4.0m6.3m8.7m8.6m8.5m9.1m5.4m15.2m6.1m8.0m13.8m6.9m11.6m

Inventories

335.0m333.4m337.1m338.3m337.1m334.9m341.3m340.9m341.8m352.6m348.1m348.3m361.6m358.8m363.5m

Current Assets

423.0m430.8m421.6m432.9m425.4m429.8m441.6m429.9m429.9m456.5m430.4m431.4m455.6m454.0m489.1m

Total Assets

1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.8b1.8b1.8b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

20.8m51.4m59.4m54.2m53.9m97.4m

Depreciation and Amortization

94.9m97.7m102.9m106.6m110.9m113.1m

Inventories

(76.3k)167.7k(9.1m)(5.2m)(5.5m)(22.9m)

Accounts Payable

(12.1m)12.9m9.5m(12.6m)4.6m14.2m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

9.5m20.0m33.8m15.0m14.3m43.1m13.0m27.3m40.0m13.8m23.0m34.5m45.1m54.4m78.9m

Depreciation and Amortization

23.9m48.1m72.8m76.7m26.0m52.4m79.3m27.1m54.9m82.7m28.0m56.2m84.6m

Inventories

(5.4m)(3.7m)(7.4m)338.3m337.1m(5.4m)(2.6m)(2.2m)(3.2m)(8.7m)(4.2m)(4.4m)(12.3m)(9.5m)(14.2m)

Accounts Payable

(21.3m)(8.1m)(14.4m)(7.1m)(19.9m)(21.6m)(17.3m)6.5m1.9m1.2m9.9m7.2m6.3m
USDY, 2018

EV/EBIT

11.5 x

EV/CFO

8.9 x

EV/FCF

133.4 x

Revenue/Employee

430.8k

Financial Leverage

3.1 x
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Ingles Markets Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Fuel Centers

83 84 85 85 88 88 89 93 93 95 96 97

Locations

49 46 49

Pharmacy Stores

96 97 97 97 97 97 98 99 99 101 101 103

Warehouses, sq. feet

1.65 m1.65 m1.65 m
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Ingles Markets Revenue Breakdown

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Ingles Markets revenue breakdown by business segment: 96.4% from Retail Grocery Sales and 3.6% from Other

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Ingles Markets Online and Social Media Presence

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Ingles Markets News and Updates

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Ingles Markets Company Life and Culture

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Ingles Markets Frequently Asked Questions

  • When was Ingles Markets founded?

    Ingles Markets was founded in 1963.

  • How many employees does Ingles Markets have?

    Ingles Markets has 9,500 employees.

  • What is Ingles Markets revenue?

    Latest Ingles Markets annual revenue is $4.1 b.

  • What is Ingles Markets revenue per employee?

    Latest Ingles Markets revenue per employee is $430.8 k.

  • Who are Ingles Markets competitors?

    Competitors of Ingles Markets include Asda, Morrisons and Publix.

  • Where is Ingles Markets headquarters?

    Ingles Markets headquarters is located at 2913 Old US Hwy 70 W, Black Mountain.

  • Where are Ingles Markets offices?

    Ingles Markets has an office in Black Mountain.

  • How many offices does Ingles Markets have?

    Ingles Markets has 1 office.