Ingles Markets reported a large increase in net income and smaller increase in net sales during the second quarter of fiscal 2014 as compared to the same period in the previous fiscal year.
Ingles Markets’ new store in Mills River, N.C., has received an Energy Star certification from the U.S. Environmental Protection Agency (EPA) that recognizes the energy efficiency of the store’s design.
Ingles Markets reported Friday that profit for the quarter ended June 25 rose 11% to $12.7 million, compared with $11.4 million in the year earlier period.
Net sales and net income for Ingles Markets realized a 4% and 38% increase, respectively, during the second quarter ended March 26, the retailer announced Friday.
Ingles Markets announced Monday that its founder and CEO Robert P. Ingle died on Sunday at age 77.