Ingles Markets Q1 EPS $2.28 Down From $3.65 YoY, Sales $1.48B Down From $1.49B YoY
Portfolio Pulse from Benzinga Newsdesk
Ingles Markets (NASDAQ:IMKTA) reported a decrease in Q1 earnings per share to $2.28 from $3.65 YoY and a slight decrease in sales to $1.48B from $1.49B YoY.
February 08, 2024 | 12:33 pm
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NEGATIVE IMPACT
Ingles Markets reported a significant decrease in Q1 earnings per share and a slight decrease in sales compared to last year.
The reported decrease in both earnings per share and sales for Ingles Markets is likely to negatively impact investor sentiment in the short term, leading to a potential decrease in stock price. The significant drop in earnings per share, in particular, could be a red flag for investors, indicating potential underlying issues or decreased profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100