Ingles Markets Slips To Loss In Q3 - Quick Facts

(RTTNews) - Ingles Markets Inc.'s (IMKTA) net loss for the third quarter of fiscal 2013 totaled $14.4 million compared to net income of $13.1 million in the third quarter of fiscal 2012. Loss per share for publicly traded Class A Common Stock were $0.62 compared to earnings per share $0.54 in the prior year quarter.

In June 2013, the Company repaid $575 million of senior notes due 2017 priced at 9.5% and other borrowings with the proceeds of $700 million of senior notes due 2023 priced at 5.75%. Prepayment penalties and other costs associated with the repaid debt resulted in a $43.1 million charge to pretax earnings during the third-quarter of 2013.

Net sales for the quarter rose 1.5% to $931.9 million from $917.8 million last year.