Ingles Markets Q2 2024 EPS $1.68 Down From $2.13 YoY, Sales $1.37B Down From $1.38B YoY
Portfolio Pulse from Benzinga Newsdesk
Ingles Markets (NASDAQ:IMKTA) reported a decrease in Q2 2024 earnings per share to $1.68 from $2.13 YoY and a slight decrease in sales to $1.37B from $1.38B YoY.
May 09, 2024 | 12:41 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ingles Markets reported a 21.13% decrease in earnings per share and a 0.98% decrease in sales YoY for Q2 2024.
The reported decrease in both earnings per share and sales for Ingles Markets indicates a negative performance compared to the previous year, which is likely to lead to a negative short-term impact on the stock price. The significant decrease in earnings per share is particularly concerning for investors, reflecting potential challenges in profitability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100