Ingles Markets, Incorporated (IMKTA) Stock

Ingles Markets, Incorporated (IMKTA) is a Consumer Discretionary stock trading at $84.78 (as of 2026-08-20), with a market capitalization of $1.28B and a trailing P/E of 12.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ingles Markets, Incorporated operates supermarket and pharmacy locations in the southeastern United States, selling grocery and other food items plus non-food products such as fuel, health and beauty care, and general merchandise, including private-label offerings. It also runs a milk processing and packaging plant and provides items like meal replacement products, deli and bakery offerings, floral services, and greeting cards.

Understand Ingles Markets, Incorporated: how it makes money

Ingles Markets operates supermarkets in the southeast United States, selling grocery and other perishables plus non-food items like fuel center offerings, pharmacy products, health and beauty care, and general merchandise, and it also produces and supplies organic milk, fruit juices, and bottled water through its milk processing and packaging plant.

Profit is driven by operating supermarket scale (stores open and operated) to sell a mix of grocery perishables and non-food items, alongside the milk processing plant that creates an additional product supply business.

Revenue by segment (latest quarter)
Net Sales$1.3B

Business quality (Weak): The available operating visibility is mainly store count, and profitability is currently thin, with gross margin of 24.9% and operating margin of 2.6% as of 2026-03-28.

Valuation: At 12× earnings, IMKTA trades 36% below the Retail average (19×). Note: one-time items can distort reported P/E.

Bull case

  • Broad in-store assortment can support customer demand: The company sells both food products (including grocery, meat and dairy, produce, and frozen foods) and non-food products such as fuel center offerings, pharmacy, health and beauty care, and general merchandise.
  • Private label adds product differentiation: Ingles Markets offers private label items in addition to other merchandise.
  • Milk processing and packaging adds a second supply channel: The company owns and operates a milk processing plant that supplies organic milk, fruit juices, and bottled water to other retailers, food service distributors, and grocery warehouses.

Bear case

  • Thin operating margin increases sensitivity to cost and execution: Operating margin is 2.6% as of 2026-03-28, so profitability may be more vulnerable to unfavorable operating conditions.
  • Perishables retail can be operationally demanding: A large portion of the assortment is perishables (grocery and produce, meat and dairy, frozen foods), which can require consistently effective operations to manage freshness and waste risk.
  • Store footprint changes can affect revenue scale: Key operating tracking includes stores currently open and supermarkets operated, so any reduction in the footprint could weigh on scale.
Valuation — source: SEC EDGAR (first-party)
Price$84.78
Market Cap$1.28B
P/E Ratio12.3
EV / EBITDA5.1
Price / Book0.77
Price / Sales0.24
Dividend Yield1.0%
FCF Yield11.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$5.33B
Net Margin1.6%
Return on Equity6.3%
Debt / Equity0.30
Current Ratio3.34
Revenue Growth (YoY)-5.4%
FCF Growth (YoY)-23.4%
Financial Health — source: SEC EDGAR
Altman Z-Score4.23 (safe)
Valuation vs Sector & Industry
Stock P/E12.3
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Retail)19.5
vs Sector-40.2%
vs Industry-37.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($114.73M)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorConsumer Discretionary
IndustryRetail
CEOJames W. Lanning
Employees11,072
CountryUS
IPO Date1987-09-22

Related Companies (Business model: Brick-and-Mortar Retail (incl. Omnichannel); 8 closest by market cap; US-domiciled)

  • Sprouts Farmers Market, Inc. (SFM)
  • Albertsons Companies, Inc. (ACI)
  • Weis Markets, Inc. (WMK)
  • Grocery Outlet Holding Corp. (GO)
  • Natural Grocers by Vitamin Cottage, Inc. (NGVC)
  • Krispy Kreme, Inc. (DNUT)
  • Arko Corp. (ARKO)
  • Village Super Market, Inc. (VLGEA)
IMKTA earnings history · IMKTA institutional & insider holders · IMKTA KPIs & operating metrics · IMKTA financials · IMKTA investor presentations & press releases · IMKTA SEC filings · IMKTA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.