The 10-second takeaway
For the quarter ended Sep. 29 (Q4), Ingles Markets beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Gross margins contracted, operating margins grew, net margins grew.
Ingles Markets reported revenue of $991.8 million. The one analyst polled by S&P Capital IQ wanted to see sales of $914.1 million on the same basis. GAAP reported sales were 9.5% higher than the prior-year quarter's $905.8 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 $0.55. The one earnings estimate compiled by S&P Capital IQ predicted $0.47 per share. GAAP EPS of $0.55 for Q4 were 22% higher than the prior-year quarter's $0.45 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 22.2%, 10 basis points worse than the prior-year quarter. Operating margin was 3.5%, 10 basis points better than the prior-year quarter. Net margin was 1.3%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $941.4 million. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $3.75 billion. The average EPS estimate is $1.89.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 95 members out of 103 rating the stock outperform, and eight members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Ingles Markets a green thumbs-up, and two give it a red thumbs-down.
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