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Ingles Markets 3Q net income up, revenue rises

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From an Associated Press wire story ...

Grocery store chain Ingles Markets Inc. said Friday that its fiscal third-quarter net income rose 11 percent as shoppers spent more and revenue increased.

Ingles earned $12.7 million, or 52 cents per class A share, compared with $11.4 million, or 46 cents per class A share, during the same period a year earlier.

Revenue for the three months ended June 25 climbed 6 percent to $911 million from $856.1 million as its stores had more customer transactions and saw shoppers spending more.
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