Ingles Markets Says Hurricane Helene Has Impacted Both Stores And Distribution Center Operations;
Portfolio Pulse from Benzinga Newsdesk
Ingles Markets reports that Hurricane Helene has affected its store and distribution center operations. Out of 198 stores, 186 remain open, but many face transaction limitations due to internet and connectivity issues.
October 03, 2024 | 8:37 pm
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Ingles Markets is experiencing operational disruptions due to Hurricane Helene, affecting store and distribution center operations. While most stores are open, transaction capabilities are hindered by connectivity issues.
The hurricane has directly impacted Ingles Markets' operations, with connectivity issues limiting transactions. This is likely to affect short-term revenues negatively, as transaction limitations can lead to reduced sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100