Instacart achieved two first-time financial milestones in the first quarter, chalking them up to “continuously improving what matters most to consumers: selection, quality, affordability and convenience.” GTV, or gross transaction value, was up 13 percent to hit $10.29 billion on 91.2 million orders (up 10 percent), and total revenue reached $1.02 billion, an increase of […]
Category: Finance News
Market moves, funding, earnings, and financial strategy across the grocery industry.
Posted inFinance News, Featured News, Ingles Markets, News, Southeast
Showdown Over Ingles’ Board Vote Results In Election Of Held
Asheville, North Carolina-based Ingles Markets Inc. has shared preliminary voting results from its 2026 Annual Meeting of Shareholders, with Rory Held and Dwight Jacobs elected as Class A directors. Held was the nominee put forward by activist investor Summer Road LLC. In the same vote, Fred D. Ayers, Robert P. Ingle II, Patricia E. Jackson, […]
Posted inFinance News, Featured News, Grocery Research, National, News
Ibotta Outlook: Shoppers Reallocate Spend Heading Into Summer 2026
A new 2026 Summer Outlook from Ibotta finds that the summer shopping season is starting weeks before Memorial Day, with shoppers reallocating spend away from convenience and discretionary categories toward staples and at-home consumption. The report draws on Ibotta receipt data across millions of purchases, supplemented by a survey of 500 consumers about their plans […]
Posted inFinance News, Featured News, News, Southeast
AL Grocers Face State Tax Holiday As National Rollback Accelerates
Beginning May 1, Alabama grocers will stop collecting the state’s 2 percent sales tax on food for two months under House Bill 527. But as the Alabama Department of Revenue has made clear, the temporary holiday comes with important operational considerations for retailers – and Alabama is far from alone in the push to cut […]
Posted inFinance News, Featured News, Guest Contributors, National, News
Crossroads: Beyond Value – Factors Impacting Decision To Sell
Life is complicated. Every decision creates a ripple effect, and no meaningful decision is ever driven by a single factor. Few choices carry more weight for a business owner than the decision to buy or sell. The decision to purchase often is made at a relatively young age, at a stage when there’s not much […]
Posted inNews, Featured News, Finance News, Ingles Markets
Proxy Advisors Back Summer Road’s Nominee for Ingles Board; Grocer Fires Back With Sackler Trust Details
The proxy fight between Ingles Markets and Sackler-affiliated investment firm Summer Road LLC escalated this week as all three major independent proxy advisory firms recommended shareholders vote for Summer Road’s nominee, while Ingles responded with an open letter alleging deeper ties between that person and the Sackler family than previously disclosed. The contest centers around […]
Posted inFinance News, National, News
A&G Real Estate Markets 78 Walgreens Properties Across 22 States
A&G Real Estate Partners is seeking offers for 78 Walgreens properties nationwide, including store leases, fee-owned buildings and undeveloped land parcels. The properties are available for direct lease, sublease or sale. The offering for the nation’s second-largest pharmacy chain includes 60 leaseholds for freestanding, central business district, end cap and inline locations across 22 states; […]
Posted inFinance News, Featured News, Ingles Markets, News, Southeast
Ingles Markets, Summer Road Trade Blows Ahead Of April 30 Proxy Vote
Ingles Markets has released an investor presentation ahead of its April 30 annual meeting, intensifying its opposition to a director nominee put forward by Summer Road LLC, the family investment office of David Sackler. Summer Road issued its own statement disputing the grocer’s claims. The Asheville, North Carolina-based grocer is urging shareholders to vote for […]