Ingles Markets, Incorporated (IMKTA) Bundle
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 PositioningAs 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 |
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
| 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 ExcellenceIngles 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 |
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
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 |
Ingles Markets prioritizes workforce growth and professional advancement.
- Annual training investment: $1.2 million
- Internal promotion rate: 43%
- Employee retention rate: 76.3%
Commitment to ethical business practices and transparent operations.
| Compliance Metric | 2024 Performance |
|---|---|
| Regulatory Compliance Rate | 99.8% |
| Ethics Reporting Mechanism | 100% anonymous reporting channels |
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