Ingles Markets (Nasdaq: IMKTA ) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q3), Ingles Markets met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share increased.
Gross margins expanded, operating margins expanded, net margins were steady.
Ingles Markets notched revenue of $917.8 million. The one analyst polled by S&P Capital IQ hoped for a top line of $919.3 million on the same basis. GAAP reported sales were 0.7% higher than the prior-year quarter's $911.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.54. The one earnings estimate compiled by S&P Capital IQ predicted $0.58 per share. GAAP EPS of $0.54 for Q3 were 3.8% higher than the prior-year quarter's $0.52 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.4%, 30 basis points better than the prior-year quarter. Operating margin was 3.7%, 20 basis points better than the prior-year quarter. Net margin was 1.4%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $905.6 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $3.65 billion. The average EPS estimate is $1.72.
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