Ingles

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

[1] As an adjunct to its supermarket business, Ingles owns and operates shopping centers, gas stations and a milk processing plant.

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

[7] Two-thirds of Milkco's business, which was later expanded beyond dairy to include products such as citrus, tea, and bottled water, is from food service distributors, grocery warehouses, and independent specialty retailers located in 17 states as of 2010.

[1] In the summer of 1996, the chain debuted its modern large-format store design, starting with its location in Dacula, Georgia.

[1] 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.

[10] The restatement was a significant factor in the U.S. Securities and Exchange Commission (SEC) issuing a Wells notice to the firm in January 2006, indicating that it might bring an enforcement action against it.

That and the closure of major highways throughout western North Carolina led to shortages on store shelves.

[1] The company also owns 23 undeveloped sites which are suitable for a free-standing store or shopping center development.

The Sav-Mor store concept accommodates smaller shopping areas and carries dry groceries, dairy, fresh meat and produce, all of which are displayed in a modern, readily accessible environment.

[1] Substantially all of Ingles' stores are located within 280 miles (450 km) of its warehouse and distribution facilities, near Asheville, North Carolina.

[1] The company owns a 1,649,000 square foot facility, which is strategically located between Interstate 40 and Highway 70 near Asheville, North Carolina, as well as the 119 acres of land on which it is situated.

Ingles' classic store design in downtown Franklin, N.C.
Aerial photo of an Ingles store and gas station in Hayesville, N.C.
The produce area inside Ingles Store #25 in Murphy, N.C.