Ingles Markets(IMKTA) - 2024 Q4 - Annual Results

Financial Performance - Ingles Markets, Incorporated announced preliminary financial information for the fiscal quarter and year ended September 28, 2024[4]. - The impairment charge will affect the company's results of operation for the year ended September 28, 2024[5]. - The press release containing financial results was issued on October 29, 2024[4]. Impairment and Insurance - The company expects to record an impairment charge between $35.0 million to$55.0 million due to Hurricane Helene's impact, with an estimated insurance reimbursement of $10.0 million to$15.0 million[5]. - The company will file an amendment to the Current Report after determining the final estimate of the impairment charge[5]. Future Risks and Uncertainties - The company highlighted uncertainties in future financial impacts due to the complexity of the situation and preliminary nature of available information[5]. - Forward-looking statements indicate potential risks including inflation, labor shortages, and natural disasters affecting operational results[6]. - The company does not undertake an obligation to update forward-looking information except as required by law[6]. Competitive Environment - The company is subject to various competitive factors, including online-based procurement pressures[6]. Corporate Governance - The report was signed by Patricia E. Jackson, Chief Financial Officer, on October 29, 2024[10].