Ingles Markets (IMKTA) Q4 2025 earnings summary

Executive summary

• Net sales for Q4 2025 were $1.37 billion, down from $1.40 billion in Q4 2024; annual sales were $5.33 billion, down from $5.64 billion year-over-year.

• Q4 2025 net income was $25.7 million, a turnaround from a net loss of $1.5 million in Q4 2024, which included significant hurricane-related impairments.

• Fiscal 2025 net income was $83.6 million, down from $105.5 million in fiscal 2024.

Financial highlights

• Q4 2025 gross profit was $334.7 million (24.5% of sales), up from $299.4 million (21.4%) in Q4 2024.

• Fiscal 2025 gross profit was $1.27 billion (23.9% of sales), compared to $1.30 billion (23.0%) in fiscal 2024.

• Operating and administrative expenses for Q4 2025 were $299.0 million, slightly down from $301.0 million in Q4 2024.

• Interest expense for fiscal 2025 was $19.7 million, down from $21.9 million in fiscal 2024.

• Basic EPS for Class A shares was $4.50 for fiscal 2025, down from $5.68 in fiscal 2024.

Outlook and guidance

• Management expects financial resources, including a $150 million line of credit, to be sufficient for planned capital expenditures, debt service, and working capital needs.