Ingles Markets Inc Stock
Your prediction
Ingles Markets Inc Stock
Pros and Cons of Ingles Markets Inc in the next few years
Pros
Cons
Performance of Ingles Markets Inc vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Ingles Markets Inc | -0.730% | 0.000% | 0.000% | -18.563% | -11.688% | 30.769% | - |
| Spartan Stores Inc. | -0.560% | 2.286% | -1.648% | -20.796% | -13.942% | 9.146% | 19.365% |
| United Natural Foods | -0.620% | -7.590% | -20.739% | -62.754% | -41.400% | -70.700% | - |
| Chefs Warehouse Inc. | -3.820% | -5.031% | -12.717% | -0.658% | 11.029% | 7.092% | 8.302% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Ingles Markets, a prominent player in the Food & Drug Retailing industry, appears to have experienced substantial growth over the past couple of years. A deeper look into the company's financial statements indicates a positive trajectory, both in terms of top-line revenue and bottom-line profitability. As such, the preliminary assessment of Ingles Markets' financials is encouraging.
Revenue Growth: Analyzing the income statements from 2020 through to 2022, Ingles Markets has sustained consistent revenue growth. For instance, total revenue increased from USD 4,610,609,025 in 2020 to USD 5,678,835,032 in 2022, highlighting a favorable trend.
Profitability: Net income also followed an upward trajectory, rising from USD 178,601,433 in 2020 to USD 272,758,928 in 2022. This implies that the company managed to effectively control operating expenses and increase profitability over the specified period.