Ingles Markets reveals profit rise


Asheville, North Carolina: Supermarket group Ingles Markets has reported a 42.6% increase in third-quarter net profit to $19.7m (£9.7m) on sales up 12.1% to $738.7m (£364.4m). Like-for-like sales, excluding fuel, rose 9.4%. "We're pleased with the sales increases in our existing stores as well as the contribution from our recent new and remodelled stores," said CEO Robert Ingle. "We have ambitious plans to continue to improve our stores."