XNAS
IMKTA
Market cap1.63bUSD
Oct 08, Last price
85.59USD
1D
0.49%
1Q
-5.69%
Jan 2017
77.94%
Name
Ingles Markets Inc
Chart & performance
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Profile
Ingles Markets, Incorporated functions as a major supermarket chain predominantly located throughout the southeastern United States. The company provides a comprehensive selection of food products, ranging from fresh produce, meats, and dairy to frozen goods, general groceries, and other perishable items. Beyond the food aisle, Ingles also offers various non-food essentials, such as health and beauty care products, general merchandise, and its own proprietary private label brands. Many of its locations also feature convenient fuel centers and pharmacies. A unique aspect of Ingles Markets is its ownership and operation of a milk processing and packaging plant. This facility produces organic milk, fruit juices, and bottled water, supplying these items not only to its own stores but also to other retail outlets, food service distributors, and wholesale grocery warehouses. Within its stores, customers can also find prepared home meal replacements, full-service delicatessens, in-store bakeries, floral departments, and greeting card selections. The company further emphasizes a wide array of local organic, beverage, and health-conscious product options. As of September 25, 2021, Ingles Markets managed a network of 198 supermarkets, comprising 189 stores under the Ingles brand and 9 under the Sav-Mor name. These stores are situated across western North Carolina, western South Carolina, northern Georgia, eastern Tennessee, southwestern Virginia, and northeastern Alabama. Additionally, the company operated 111 pharmacies and 107 fuel stations. Ingles Markets, Incorporated was established in 1963 and is headquartered in Asheville, North Carolina.
Key people
Robert P. Ingle
Chairman of the Board · since 2016
James W. Lanning
President, Chief Executive Officer, Director · since 2016
Ronald B. Freeman
Chief Financial Officer, Director · since 2005
L. Keith Collins
President of Milkco Inc., Director · since 2011
Laura Ingle Sharp
Director · since 1997
Fred D. Ayers
Independent Director · since 2006
Ernest E. Ferguson
Independent Director · since 2014
Brenda S. Tudor
Independent Director · since 2014
IPO date
Sep 22, 1987
Employees
10,920
Domiciled in
US
Incorporated in
US
Legal address
C/O Eubank, Arlene
2913 US Highway 70
Black Mountain, NC 28711
US
2913 US Highway 70
Black Mountain, NC 28711
US
Headquarters
2913 U.S. Highway 70 West
Black Mountain, NC 28711
US
Black Mountain, NC 28711
US
Valuation
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