$IMKTA

INGLES MARKETS INC

CIK:0000050493|SEC Filings

Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)	3 Months Ended		9 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025
Net sales	$ 1,368,324,128	$ 1,346,221,519	$ 4,049,164,793	$ 3,965,609,341
Cost of goods sold	1,035,879,885	1,018,891,349	3,056,904,220	3,026,167,821
Gross profit	332,444,243	327,330,170	992,260,573	939,441,520
Operating and administrative expenses	298,005,144	290,131,745	884,572,836	859,984,727
Gain from sale or disposal of assets	44,127	143,235	401,698	3,097,150
Income from operations	34,483,226	37,341,660	108,089,435	82,553,943
Other income, net	3,037,263	2,769,378	8,719,998	8,909,015
Interest expense	4,503,187	4,856,083	13,605,347	14,745,648
Income before income taxes	33,017,302	35,254,955	103,204,086	76,717,310
Income tax expense	7,118,000	9,056,000	24,909,000	18,824,000
Net income	25,899,302	26,198,955	78,295,086	57,893,310
Other comprehensive loss:
Change in fair value of interest rate swap	(72,152)	(1,445,649)	(322,618)	(779,562)
Income tax benefit	30,000	358,000	90,000	196,000
Other comprehensive loss, net of tax	(42,152)	(1,087,649)	(232,618)	(583,562)
Comprehensive income	$ 25,857,150	$ 25,111,306	$ 78,062,468	$ 57,309,748
Class A Common Stock [Member]
Per share amounts:
Basic earnings per common share	$ 1.39	$ 1.41	$ 4.21	$ 3.11
Diluted earnings per common share	1.36	1.38	4.12	3.05
Cash dividends per common share	0.165	0.165	0.495	0.495
Class B Common Stock [Member]
Per share amounts:
Basic earnings per common share	1.27	1.28	3.83	2.83
Diluted earnings per common share	1.27	1.28	3.83	2.83
Cash dividends per common share	$ 0.150	$ 0.150	$ 0.450	$ 0.450

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Cash Flows From Operating Activities:
Net income	$ 78,295,086	$ 57,893,310
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	90,462,072	92,213,807
Non cash operating lease cost	3,428,636	3,549,941
Gain from sale or disposal of assets	(401,698)	(3,097,150)
Deferred income taxes	(13,207,000)	4,004,000
Changes in operating assets and liabilities:
Receivables	3,672,942	(24,012,105)
Inventory	3,325,101	(25,459,866)
Other assets	(2,555,144)	8,405,171
Operating lease liabilities	(3,425,454)	(4,205,325)
Accounts payable, accrued expenses and other liabilities	29,589,914	(15,093,645)
Net Cash Provided by Operating Activities	189,184,455	94,198,138
Cash Flows from Investing Activities:
Proceeds from sales of property and equipment	642,207	4,473,273
Capital expenditures	(76,388,921)	(91,384,460)
Net Cash Used by Investing Activities	(75,746,714)	(86,911,187)
Cash Flows from Financing Activities:
Principal payments on long-term borrowings	(14,842,500)	(14,845,045)
Debt issuance costs		(338,094)
Repayment of finance lease	(552,463)	(502,265)
Dividends paid	(9,202,163)	(9,202,040)
Net Cash Used by Financing Activities	(24,597,126)	(24,887,444)
Net Increase (Decrease) in Cash and Cash Equivalents	88,840,615	(17,600,493)
Cash and cash equivalents at beginning of period	366,245,951	353,687,911
Cash and Cash Equivalents at End of Period	$ 455,086,566	$ 336,087,418

Condensed Consolidated Balance Sheets - USD ($)	Jun. 27, 2026	Sep. 27, 2025
Current Assets:
Cash and cash equivalents	$ 455,086,566	$ 366,245,951
Receivables - net	102,682,302	106,355,244
Inventories	479,654,229	482,979,330
Other current assets	19,341,207	19,976,402
Total Current Assets	1,056,764,304	975,556,927
Property and Equipment - Net	1,501,440,844	1,515,070,221
Operating lease right of use assets	22,143,716	25,139,210
Other Assets	53,156,005	50,288,285
Total Assets	2,633,504,869	2,566,054,643
Current Liabilities:
Current portion of long-term debt	17,481,301	17,477,241
Current portion of operating lease liabilities	4,614,190	4,968,121
Current portion of finance lease liabilities	868,368	716,377
Accounts payable - trade	189,916,078	179,226,467
Accrued expenses and current portion of other long-term liabilities	116,328,035	100,514,387
Total Current Liabilities	329,207,972	302,902,593
Deferred Income Taxes	51,743,000	65,040,000
Long-Term Debt	483,045,941	497,289,417
Noncurrent operating lease liabilities	18,910,931	21,549,312
Noncurrent finance lease liabilities	1,659,574	1,668,802
Other Long-Term Liabilities	64,145,568	61,672,942
Total Liabilities	948,712,986	950,123,066
Stockholders’ Equity
Preferred stock, $0.05 par value per share; 10,000,000 shares authorized; no shares issued
Paid-in capital in excess of par value
Accumulated other comprehensive income	5,364,406	5,597,024
Retained earnings	1,678,477,758	1,609,384,834
Total Stockholders’ Equity	1,684,791,883	1,615,931,577
Total Liabilities and Stockholders’ Equity	2,633,504,869	2,566,054,643
Class A Common Stock [Member]
Stockholders’ Equity
Common stock:	727,640	727,431
Class B Common Stock [Member]
Stockholders’ Equity
Common stock:	$ 222,079	$ 222,288