14 Facts About Ingles

Ingles Markets, Inc is an American supermarket chain based in Black Mountain, North Carolina.

Ingles is listed on the NASDAQ under the ticker symbol IMKTA and is part of the Global Select Market tier of trading.

Ingles would have to compete with larger chains and with independent stores that used cooperative distributors.

Ingles was incorporated in 1965 in the state of North Carolina.

In 1982, Ingles purchased a milk processing plant from Sealtest, which it operates as Milkco Inc, a wholly owned subsidiary.

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In February 2005, Ingles Markets announced it would restate financial statements for fiscal years 2002 and 2003 and the first three quarters of 2004, to correct the accounting for vendor allowances and certain other items.

Ingles owns 163 of its 198 supermarkets either as free-standing locations or in shopping centers where it is the anchor tenant.

Ingles owns 23 undeveloped sites which are suitable for a free-standing store or shopping center development.

Ingles owns numerous outparcels and other acreage located adjacent to the shopping centers and supermarkets it owns.

Ingles operates 111 pharmacies and 107 gas stations at select retail locations.

Ingles owns and operates nine supermarkets under the name Sav-Mor, with the other 189 locations being Ingles Markets.

Substantially all of Ingles' stores are located within 280 miles of its warehouse and distribution facilities, near Asheville, North Carolina.

Ingles sells products with the Laura Lynn brand, named for Ingle's daughter Laura Lynn, now Laura Ingle Sharp.

Ingles's worked in advertising for the chain starting in the 1970s and has been a member of the board of directors since 1997.