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.
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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.”
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