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Ingles Q3 Sales Up, Net Income Slips Due To Higher Expenses
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The Shelby Report
Operating and administrative expenses rose to $298 million from $290.1 million in the prior-year quarter, absorbing the sales gain and more.
Interest expense fell to $4.5 million in Q3 2026 from $4.9 million in 2025.
Class A basic and diluted earnings per share were $1.39 and $1.36, compared with $1.41 and $1.38 a year ago.
Net sales for the nine months reached $4.05 billion versus $3.97 billion in the prior-year period, while net income climbed to $78.3 million from $57.9 million, a gain of roughly 35 percent.
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