The stock of Ingles Markets, Inc. (IMKTA, Financial) experienced significant volatility, with its price dropping by 5.08%. Currently, the stock is valued at $60.44 per share, with a trading volume of 188,934 shares and a turnover rate of 0.99%. Its price fluctuation was noted to be 5.01%.
According to the latest financial reports, Ingles Markets reported revenue of $1.394 billion and a net profit of $31.72 million, equating to an earnings per share (EPS) of $1.71. The company achieved a gross profit of $330 million, with a price-to-earnings (P/E) ratio of 7.20.
Currently, there is no institutional rating for buy, hold, or sell recommendations for IMKTA. Within the broader grocery sector, the overall sector's growth stood at 0.18%. Notable performers in the industry included Meisheng Technology, Kroger, and Sprouts Farmers Market, Inc., while Ingles Markets, Grocery Outlet Holding Corp., and Meisheng Technology were actively traded, showcasing turnover rates of 1.00%, 0.70%, and 0.69% respectively. Stocks with significant price fluctuations in the sector were Meisheng Technology, Dingdong Maicai, and Ingles Markets, with volatility rates of 13.08%, 8.75%, and 5.01% respectively.
Ingles Markets, Inc., headquartered in the United States, operates a chain of supermarkets predominantly in the southeastern region, including Georgia, North Carolina, South Carolina, Tennessee, with additional locations in Virginia and Alabama. The company's stores are mainly located in suburban, small-town, and neighborhood areas, offering a wide range of products, including groceries, pharmacy services, health and beauty products, along with general merchandise. The majority of its revenue stems from retail operations, with significant income from real estate ownership, allowing rental income generation.
