NasdaqGS:IMKT.AConsumer Retailing
Ingles Markets (IMKT.A): Assessing Valuation After Annual Results Show Declining Sales and Net Income
Ingles Markets (IMKT.A) just released its annual results, revealing a drop in both sales and net income compared to last year. The company also reported a $4.5 million property and equipment impairment loss for the past quarter.
See our latest analysis for Ingles Markets.
Despite this year’s softer financial results and the recent $4.5 million impairment charge, Ingles Markets’ share price has actually gained over 19% year-to-date. This hints at renewed market optimism. Still, the one-year...