INGLES MARKETS INC

Ingles Markets, Incorporated (NASDAQ: IMKTA) operates a leading supermarket chain across the southeastern United States with 194 locations serving customers in North Carolina, Georgia, South Carolina, Tennessee, Virginia, and Alabama. The company's website is www.ingles-markets.com.

The company operates primarily through its retail grocery segment, which generated approximately 96.1% of total revenues of $5.3 billion in fiscal 2025. Within retail operations, the company's revenue mix consists of grocery products at 36.4%, non-foods at 22.0%, perishables at 26.4%, and fuel at 11.7%, with an additional 3.9% from other operations including fluid dairy and shopping center rentals. Ingles operates 185 supermarkets under the Ingles banner and nine under the Sav-Mor concept, with approximately 25,551 associates, of which 92% work in supermarket operations.

The company maintains significant vertical integration and operational infrastructure, including 1.65 million square feet of warehouse and distribution facilities near Asheville, North Carolina, which supply approximately 58.8% of inventory to stores. Ingles also owns and operates a milk processing and packaging plant that supplies approximately 65% of the milk products sold in its supermarkets and generates additional revenue by selling to other retailers across 18 states. The company operates 112 pharmacies and 106 fuel stations across its store locations and offers online ordering through its Ingles Curbside service at 131 stores.

The company owns real property for 174 of its supermarkets and maintains 29 undeveloped sites suitable for future development. Ingles operates a fleet of 189 tractors and 819 trailers for distribution. The company's competitive positioning relies on convenient store locations, quality customer service, competitive pricing, product variety, and ongoing store modernization efforts. Private label brands including Laura Lynn and Harvest Farms support customer loyalty and value positioning. The company's geographic concentration within 280 miles of its distribution center enables efficient operations and responsive management to local market conditions and customer preferences.