Ingles Markets Q1 Profit, Sales Rise - Quick Facts

(RTTNews) - Ingles Markets, Inc.'s (IMKTA) net earnings for the first quarter rose to $15.04 million from $9.53 million in the prior-year quarter. Earnings per Class A share were $0.74, up from $0.42 in the year-ago period.

Net sales for the quarter increased 2 percent to $964.50 million from $945.13 million in the same period last year.

Comparable store sales, excluding gasoline, increased 2.3 percent in the 3-month period.

The number of customer transactions, excluding gasoline, decreased slightly, while the comparable average transaction size, excluding gasoline, increased 3.1 percent compared with the same quarter last year.