Financial Performance - Net income for the three months ended June 24, 2023, was $48.3 million, a decrease of 28.7% from $67.8 million for the same period in 2022[74]. - Net income for the nine months ended June 24, 2023, totaled $158.2 million, a decrease from $202.6 million for the same period in 2022[84]. - Basic and diluted earnings per share for Class A Common Stock were $2.60 and $2.54, respectively, for the June 2023 quarter, down from $3.65 and $3.57 for the June 2022 quarter[83]. - Net income totaled $158.2 million for the nine-month period ended June 24, 2023, compared to $202.6 million for the same period in 2022, with basic and diluted earnings per share for Class A Common Stock decreasing from $10.91 to $8.51[95]. Sales and Revenue - Net sales decreased by $24.3 million, or 1.7%, to $1.43 billion for the three months ended June 24, 2023, compared to $1.46 billion for the same period in 2022[75]. - Comparable store sales increased by 3.8% excluding fuel sales for the three months ended June 24, 2023[75]. - Net sales increased by $81.0 million, or 1.9%, to $4.31 billion for the nine months ended June 24, 2023, compared to $4.23 billion for the same period in 2022, driven primarily by increases in grocery, non-foods, and perishables sales[85]. Profitability - Gross profit for the three-month period ended June 24, 2023, was $338.1 million, a decrease of 3.9% from $351.9 million for the same period in 2022[77]. - Gross profit for the nine-month period ended June 24, 2023, totaled $1.04 billion, a decrease of $15.8 million, or 1.5%, compared to $1.05 billion for the same period in 2022, with gross profit as a percentage of sales declining from 24.9% to 24.0%[89]. Expenses - Operating and administrative expenses increased by $13.6 million, or 5.3%, to $270.9 million for the three months ended June 24, 2023[78]. - Operating and administrative expenses increased by $43.8 million, or 5.7%, to $816.0 million for the nine months ended June 24, 2023, with expenses as a percentage of sales rising from 18.3% to 18.9%[90]. Debt and Cash Flow - Total debt at June 2023 was $553.4 million, down from $575.2 million at June 2022[81]. - The company generated $177.0 million in net cash from operations for the nine-month period ended June 24, 2023, a decrease from $261.6 million for the same period in 2022[101]. - Cash used by investing activities totaled $135.2 million for the nine-month period ended June 24, 2023, compared to $181.8 million for the same period in 2022[102]. Capital Expenditures - Capital expenditures totaled $137.1 million for the nine-month period ended June 24, 2023, with plans for fiscal 2023 capital expenditures estimated between $170 million and $190 million[96][97]. - The company expects annual capital expenditures to be in the range of approximately $100 million to $160 million going forward to maintain a modern store base[98]. Market Conditions and Risks - Inflation has reached levels not experienced in decades, with food costs increasing by 4.7% and overall inflation at 3.0% for the twelve months ended June 2023[117][119]. - The Company acknowledges significant risks and uncertainties that could affect its actual results, including the impact of the COVID-19 pandemic[121]. - Pricing pressures and competitive factors are identified as potential risks to the Company's revenues and profitability[121]. - Changes in laws and government regulations may impact the Company's operations and financial position[121]. Strategic Focus - The Company is focused on reducing costs and improving operating results as part of its growth strategy[121]. - The Company has highlighted the importance of efficient distribution of food products in its operational strategy[121]. - The Company’s ability to manage rapid expansion and implement its strategies is crucial for future performance[121]. Dividends and Financial Instruments - The company plans to continue paying regular cash dividends of $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock[114][115]. - The Company is currently party to interest rate swap agreements with a total notional amount of $152.6 million[123]. - The Company does not utilize financial instruments for trading or speculative purposes, nor does it typically use leveraged financial instruments[123]. - There have been no material changes in market risk factors since the last Annual Report filed on November 23, 2022[123]. - The Company does not undertake any obligation to update forward-looking statements unless required by law[122].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 25, 2023 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-14706. (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 24, 2022 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-14706. INGLES MARKETS, INCORPORATED (Exact name of registrant as specified in its charter) North Carolina 56-0846267 (State or ot ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-K |  | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | --- | --- | | | For the fiscal year ended September 24, 2022 | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 0-14706 INGLES MARKETS, INCORPORATED (Exact name of registrant as specified in its charter) North Carolina 56-0846267 (State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 25, 2022 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-14706. INGLES MARKETS, INCORPORATED (Exact name of registrant as specified in its charter) North Carolina 56-0846267 (State or other jurisdiction ...

For the transition period from to Commission file number 0-14706. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 26, 2022 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 P.O. Box 6676, Asheville NC 28816 (Address of principal executive offices) (Zip Code) (I.R.S. Employer Identification No.) (828) 669-2941 ...

For the quarterly period ended December 25, 2021 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-14706. INGLES MARKETS, INCORPORATED (Exact name of registrant as specified in its charter) North Carolina 56-0846267 (State or other jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 25, 2021 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 0-14706 INGLES MARKETS, INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 26, 2021 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-14706. INGLES MARKETS, INCORPORATED (Exact name of registrant as specified in its charter) North Carolina 56-0846267 (State or other jurisdiction ...

FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 27, 2021 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-14706. INGLES MARKETS, INCORPORATED (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Large Accelerated Filer ¨ Accelerated Filer x North C ...