North Carolina retailer Ingles Markets enjoyed record sales and income in Fiscal 2018.
Sales at Asheville-based Ingles rose from $4 billion to $4.1 billion in 2018, and net income increased from $53.9 million to $97.4 million.
For the fourth quarter of the year, sales fell from $1.09 billion to $1.06 billion and net income fell from $19.4 million to $18.4 million. The fourth quarter in 2018 had one less week of operations than the same week in 2017.
"Our associates' hard work and dedication contributed to our outstanding sales,” says Robert P. Ingle II, Ingles’ chairman. “We will continue to invest in our business for sustainable long-term growth."