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Ingles Markets, Incorporated

IMKTA · NASDAQ

Market closed$90.15$-2.55 (-2.75%)After hours $90.22 · +0.08%

Key statistics

Previous close$92.70
Open$94.00
Day high$94.00
Day low$89.92
52-week high$95.62
52-week low$59.27
Market cap1.71B
Volume100.61K
Average volume141.68K
P/E ratio16.42
Forward P/E—
EPS5.49
Dividend yield+0.73%

Market context

Why it moved

IMKTA (Ingles Markets) shares declined today amid broader weakness in the grocery and supermarket sector, as competitive pressures and cautious sentiment surrounding regional grocery chains weighed on investor confidence.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Ingles Markets closed lower after briefly crossing above its 200-day moving average during Thursday's session — a technical milestone that gave way to broader sector pressure on Friday. The regional grocery chain faces deepening industry headwinds, with new Bain/NielsenIQ data showing U.S. grocery unit sales fell 1.8% in June year-over-year as consumers buy fewer items and price inflation no longer offsets volume declines. Analyst sentiment remains cautious, with Weiss Ratings recently downgrading IMKTA to "Hold," while the consumer staples sector ETF (XLP) also closed lower amid the broader market selloff driven by U.S.-Iran tensions and AI-related tech weakness.

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July 17, 2026Ingles Markets rose over 2% as the consumer staples sector outperformed a broader market decline, with XLP gaining sharply amid defensive rotation on a day when tech stocks dragged the S&P 500 lower. The backdrop, however, is challenging: new Bain/NielsenIQ data shows U.S. grocery unit sales fell 1.8% year-over-year in June — a sharp reversal — as shoppers squeezed by cumulative price increases of ~33% since 2019 buy fewer items and trade down to private label, pressuring volume growth across the grocery industry.

2.0813

July 16, 2026Ingles Markets edged higher, outperforming the broader Consumer Staples SPDR (XLP), as softer-than-expected June CPI data boosted investor sentiment across defensive names. The grocery sector faces a complex backdrop: Aldi's aggressive 800-store US expansion is intensifying competitive pressure on regional chains, while Publix's strategic store closures and Sprouts' expansion underscore ongoing footprint rationalization across the industry. With consumer staples broadly pressured by cautious spending and private-label demand, Ingles' regional Southeast focus and below-average volume suggest quiet but stable investor positioning ahead of broader Q2 earnings season.

0.9561

July 14, 2026Ingles Markets closed essentially flat on Monday as the broader grocery sector faced headwinds from a challenging consumer environment, with major chains racing to cut prices amid a 2.1% volume decline in food sales and persistent cost inflation expected to push food prices up 3.2% in 2026. The regional grocer also faces competitive pressure from Aldi's reported $9 billion U.S. expansion plan targeting 800 new stores, while macro uncertainty — including renewed U.S.-Iran hostilities sending oil prices surging and weighing on consumer spending sentiment — kept defensive consumer staples stocks range-bound. After the close, Ingles shares jumped roughly 2.5% in after-hours trading, outperforming the XLP consumer staples ETF which was barely changed in extended hours.

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July 10, 2026Ingles Markets closed modestly lower after its stock broke above its 200-day moving average earlier this week, drawing technical attention from investors. The broader grocery sector faces headwinds as tightening consumer budgets — exacerbated by elevated gas prices tied to the U.S.-Iran conflict — are pressuring volumes industrywide, with grocery chains racing to cut prices in a low-margin competitive environment. Despite the challenging backdrop, Ingles carries a consensus Buy rating, recent insider buying, and an upcoming quarterly dividend of $0.165 per share payable July 16, offering some support to investor sentiment.

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July 9, 2026Ingles Markets closed modestly higher, edging up after shares crossed above their 200-day moving average for the first time, a technically significant milestone given the 200-day sits at $84.36. Today is also the ex-dividend date for the company's $0.165 quarterly dividend payable July 16. Broader grocery sector tailwinds are supportive: consumers are increasingly substituting restaurant meals with grocery prepared foods amid inflation pressures, and the industry is seeing consolidation activity with Kroger's $1.65B acquisition of Giant Eagle — dynamics that could benefit regional operators like Ingles.

0.2087

July 8, 2026Ingles Markets closed modestly lower as the broader consumer staples sector navigated a volatile session shaped by rising oil prices and renewed U.S.-Iran geopolitical tensions. While the XLP consumer staples ETF slipped on the day amid broad risk-off pressure, grocery stocks remained relatively resilient — a recent Cabot Wealth report highlighted Ingles Markets as an attractively valued name given its 16.3x P/E and strong cash flow dynamics. The supermarket industry faces structural headwinds including margin pressure from labor and fuel costs, but grocery chains are benefiting from consumers increasingly substituting prepared in-store meals for fast food, a secular tailwind for regional operators like Ingles.

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July 7, 2026Ingles Markets closed up nearly 1.8%, outperforming the broader consumer staples sector (XLP) as defensive rotation continues to attract capital. The grocery sector is seeing tailwinds from consumers substituting grocery-prepared foods for fast food amid inflation fatigue, with industry data showing 70% of consumers view home-prepared groceries as best value. Kroger's $1.65B acquisition of Giant Eagle underscores ongoing consolidation, while analysts highlight Ingles' regional Appalachian footprint and solid cash flow as differentiators—though the broader supermarket industry holds a weak Zacks Industry Rank in the bottom 18%.

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Moomoo · June 29, 2026Press Release: Ingles Markets, Incorporated Declares Quarterly Cash DividendSupermarket News · May 7, 2026Ingles Markets reports higher earnings despite sales dipBusiness Wire · May 7, 2026Ingles Markets, Incorporated Reports Results for Second Quarter and First Six Months of Fiscal 2026Grocery Dive · April 30, 2026Ingles Markets loses proxy fight over board seatGrocery Dive · April 28, 2026Ingles Markets’ real estate grabs attention in proxy fightStock Titan · April 16, 2026Ingles Markets Warns Rory Held Would Not Be an Independent Director Due to Undisclosed Conflicting Duties of Loyalty to the Sackler FamilyInvesting.com · April 8, 2026Ingles Markets nominates two directors amid proxy fightStock Titan · February 5, 2026Ingles holiday quarter pulls in $1.37B sales and $28M profit
Mt Newswire · May 7, 2026Ingles Markets Fiscal Q2 Earnings Rise, Net Sales Decline; Shares Fall
Benzinga · May 7, 2026Ingles Markets Q2 EPS $1.28 Up From $0.80 YoY, Sales $1.308B Down From $1.331B YoY
Mt Newswire · May 7, 2026Earnings Flash (IMKTA) Ingles Markets Posts Fiscal Q2 Earnings $1.28 per Class A Share
Mt Newswire · May 7, 2026Earnings Flash (IMKTA) Ingles Markets, Incorporated Reports Q2 Revenue $1.31B
Benzinga · April 20, 2026Ingles Urges Shareholders To Reject Rory Held, Back Its Board Picks
Mt Newswire · April 17, 2026Ingles Markets Faces Pushback From Summer Road Over Board Nominee Independence
Benzinga · April 17, 2026Summer Road Rebukes Ingles Board, Says Rory Held Offers Fiduciary Duty And True Shareholder Alignment
Benzinga · April 16, 2026Ingles Markets Issues Response To Misleading Claims Made By Summer Road

Peers

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