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Ingles Markets Posts Higher Sales and Profits in Q2
ASHEVILLE, N.C. -- Southeastern chain Ingles Markets, Inc. said late last week that its net income jumped 72.5 percent to $9.4 million for the three months of its second quarter. Net sales were up 8.9 percent, while comparable store sales grew a healthy 8.0 percent. -
SEC Settles Claims with Ingles
ASHEVILLE, N.C. -- Ingles Markets, Inc. here said yesterday it has reached a settlement agreement with the Securities and Exchange Commission (SEC) over accounting fraud charges. Ingles did not admit or deny the SEC's allegations, but consented to the entry of injunctions against future violations of certain provisions of federal securities laws.