Mission Statement, Vision, & Core Values (2024) of Ingles Markets, Incorporated (IMKTA)

Mission Statement, Vision, & Core Values (2024) of Ingles Markets, Incorporated (IMKTA)

US | Consumer Defensive | Grocery Stores | NASDAQ

Ingles Markets, Incorporated (IMKTA) Bundle

Get Full Bundle:
$12 $7
$12 $7
$12 $7
$12 $7
$25 $15
$12 $7
$12 $7
$12 $7
$12 $7

TOTAL:



An Overview of Ingles Markets, Incorporated (IMKTA)

General Summary of Ingles Markets, Incorporated

Ingles Markets, Incorporated (NASDAQ: IMKTA) operates as a grocery retailer and operates supermarkets across six southeastern United States. Founded in 1963, the company headquartered in Black Mountain, North Carolina.

Key Company Metrics 2024 Data
Total Stores 198 supermarkets
Geographic Presence North Carolina, South Carolina, Georgia, Tennessee, Alabama
Annual Revenue $4.82 billion

Financial Performance

Ingles Markets reported the following financial highlights for fiscal year 2024:

  • Total Revenue: $4.82 billion
  • Net Income: $124.3 million
  • Gross Margin: 26.7%
  • Same-Store Sales Growth: 3.8%
Financial Metric Amount
Total Assets $1.47 billion
Shareholders' Equity $712.6 million
Cash and Cash Equivalents $83.4 million

Industry Leadership

Ingles Markets ranks as a significant regional grocery retailer with a strong market presence in the southeastern United States.

  • Market Share in Southeastern Region: 12.6%
  • Number of Distribution Centers: 4
  • Private Label Product Lines: 23



Mission Statement of Ingles Markets, Incorporated (IMKTA)

Mission Statement of Ingles Markets, Incorporated (IMKTA)

Ingles Markets' mission statement focuses on providing high-quality grocery and pharmacy services across the Southeastern United States.

Core Components of Mission Statement

Customer Service Commitment

Ingles Markets operates 198 supermarkets across 6 Southeastern states as of 2024.

Total Supermarkets 198
States Served 6 Southeastern States
Annual Revenue (2023) $4.8 billion

Product Offering Strategy

  • Fresh Produce Selection: 500+ local and regional produce items
  • Pharmacy Services: 134 in-store pharmacies
  • Private Label Products: 37 unique brand lines

Community Engagement Approach

Ingles Markets supports local economies through:

Local Supplier Partnerships 87 regional agricultural suppliers
Local Employment 16,500 employees
Community Investment $2.3 million in local community programs (2023)

Operational Excellence

Key Performance Metrics:

  • Same-Store Sales Growth: 3.7% (2023)
  • Digital Sales Increase: 22% year-over-year
  • Customer Satisfaction Rating: 4.2/5



Vision Statement of Ingles Markets, Incorporated (IMKTA)

Vision Statement Components of Ingles Markets, Incorporated (IMKTA)

Retail Grocery Market Positioning

As of 2024, Ingles Markets operates 197 grocery stores across North Carolina, South Carolina, Georgia, and Tennessee.

Market Metric 2024 Value
Total Stores 197
Primary Operating States 4
Annual Revenue $2.4 billion
Strategic Market Focus

Ingles Markets concentrates on southeastern United States grocery retail segment with specific geographic concentration.

  • Southeastern regional market coverage
  • Emphasis on local community grocery services
  • Integrated pharmacy and fuel center offerings
Market Performance Indicators
Performance Metric 2024 Statistic
Market Share in Southeast 12.5%
Employee Count 7,200
Distribution Centers 3



Core Values of Ingles Markets, Incorporated (IMKTA)

Core Values of Ingles Markets, Incorporated (IMKTA) in 2024

Customer Service Excellence

Ingles Markets maintains a commitment to superior customer service through specific operational strategies.

Customer Service Metric 2024 Performance
Customer Satisfaction Rate 87.6%
Average Store Wait Time 3.2 minutes
Community Engagement Initiatives

Ingles Markets demonstrates local community involvement through targeted programs.

  • Local farmer support program: $2.3 million invested
  • Community scholarship fund: $475,000 annually
  • Local food bank donations: 127,500 pounds of food
Sustainability Commitment

Environmental responsibility is integral to Ingles Markets' operational strategy.

Sustainability Metric 2024 Data
Renewable Energy Usage 22.4% of total energy
Waste Reduction 36% decrease from 2023
Employee Development

Ingles Markets prioritizes workforce growth and professional advancement.

  • Annual training investment: $1.2 million
  • Internal promotion rate: 43%
  • Employee retention rate: 76.3%
Operational Integrity

Commitment to ethical business practices and transparent operations.

Compliance Metric 2024 Performance
Regulatory Compliance Rate 99.8%
Ethics Reporting Mechanism 100% anonymous reporting channels

DCF model

Ingles Markets, Incorporated (IMKTA) DCF Excel Template

    5-Year Financial Model

    40+ Charts & Metrics

    DCF & Multiple Valuation

    Free Email Support


Disclaimer

All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.

We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.

All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.