US retailer Ingles Markets has reported a 13.7% rise in net income to US$12.7m for the first quarter to 29 December.
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The North-Carolina based firm reported sales growth 13.3% at $777.1m. Comparable store grocery sales rose by 12.8%, Ingles stated.
The company said sales for the quarter had increased across every major department, led by fuel, deli and bakery.
“Our holiday sales were the best ever,” said CEO Robert Ingle. “Our same-store grocery segment sales rose almost 13% and contributed to our record results. We believe our strategy of providing value to our customers through one-stop shopping with top-quality perishables, special promotions, ready-to-eat offerings and fuel centres has been a major factor in our continued growth.”
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