US supermarket operator Ingles Markets has posted an increase in third-quarter net income as basket size and customer counts grew over the period.

The company said today (12 August) that, for the quarter ended 25 June, net profit increased 11.2% to US$12.7.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Sales were up 6.4% to reach $911m. Same-store sales increased 2%, with the number of transactions up 0.2% and the average transaction size climbing 2.1%.

CEO Robert Ingle said: “Our daily focus is to provide value to our customers, increase sales and provide profits for our shareholders. The results for the third quarter reflect success in those areas in spite of economic and competitive challenges.” 

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now