Ingles posts 4Q profit

Associated Press |

ASHEVILLE, N.C. (AP) _ Ingles Markets Inc. (IMKTA) on Thursday reported fiscal fourth-quarter earnings of $19.4 million.

On a per-share basis, the Asheville, North Carolina-based company said it had net income of 96 cents.



The grocer posted revenue of $1.09 billion in the period.

For the year, the company reported profit of $53.9 million, or $2.66 per share. Revenue was reported as $4 billion.

Ingles shares have declined 42 percent since the beginning of the year. The stock has decreased 41 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMKTA at https://www.zacks.com/ap/IMKTA

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