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 […]
Category: Ingles Markets
Ingles Markets, a prominent grocery chain, traces its roots back to 1963 when Robert Ingle opened the first store in Asheville, North Carolina. Known for its commitment to serving local communities, the company has flourished as a family-owned business dedicated to providing quality products and exceptional customer service.
From its modest beginnings, Ingles Markets has steadily expanded its footprint. As of 2023, the chain operates over 200 locations across several southeastern states, including North Carolina, South Carolina, Georgia, Tennessee, Alabama, and Virginia. The company distinguishes itself by offering a comprehensive range of groceries, fresh produce, bakery items, and household essentials while supporting local farmers and suppliers.
Ingles Markets’ emphasis on community engagement and customer satisfaction has been pivotal in its success. With a focus on providing a convenient shopping experience and a wide selection of goods, the brand continues to be a trusted name for families and individuals seeking quality products and a friendly shopping environment.
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 […]
Posted inSoutheast, Featured News, Finance News, Ingles Markets, News
Ingles Issues In-Depth Investor Warning Ahead Of Proxy Fight
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. The Asheville, North Carolina-based grocer is urging shareholders to vote for its two independent director candidates – Rebekah Lowe and Dwight […]
Posted inCorporate Store News, Finance News, Ingles Markets, News, Southeast
Ingles Markets Reports 6.6% Sales Increase In Annual Report
Ingles Markets reported net sales of $1.37 billion for the first quarter of fiscal 2026 ended Dec. 27, a 6.6 percent increase compared with $1.29 billion for the same period last year, the Asheville, North Carolina-based grocer announced Feb. 5. Net income totaled $28.1 million for the first quarter compared with $16.6 million for the […]
Posted inIndependent Store News, Ingles Markets, Midwest
Hy-Vee Pharmacies Offer Low-Cost Insulin, Free Shingles Vaccine
West Des Moines, Iowa-based Hy-Vee has announced that Medicare Part D beneficiaries are able to access reduced-cost monthly insulin supplies and free Shingrix vaccines at pharmacy locations, as outlined in the recent Inflation Reduction Act, which went into effect Jan. 1. Insulin out-of-pocket cap Under the Inflation Reduction Act, Medicare Part D beneficiaries who take insulin will […]
Posted inIngles Markets, Corporate Store News, Home Page Slider, Southeast
Ingles Markets Promotes Jackson As CFO
Asheville, North Carolina-based Ingles Markets Inc. has announced the promotion of Patricia “Pat” E. Jackson to CFO. Jackson will replace Ronald B. Freeman, who recently retired as CFO after serving Ingles for 17 years. Jackson has been the company’s controller since she joined Ingles in 2010. Prior to that, she was the CFO of Sisters […]
Posted inIngles Markets, Executive News, Home Page Slider, Independent Store News, Southeast
Ingles Markets Inc. CFO Freeman To Retire
Asheville, North Carolina-based Ingles Markets Inc. has announced that Ronald B. Freeman, its VP of finance and CFO, is retiring effective Feb. 16. As a result, he will not be standing for reelection to the company’s board of directors. Freeman has been employed by Ingles for 17 years as its CFO and a member of […]
Posted inSnacks Brands, Home Page Latest News, Ingles Markets, Midwest
Pringles Launches New Scorchin’ Flavor
Pringles have a new answer to spicy nacho cravings with crunchy Pringles Scorchin’ Wavy Loaded Nachos. New Pringles Scorchin’ Wavy Loaded Nachos pack the taste of queso, sour cream and corn tortilla, kicking it up a notch with heat that builds over time. Each bite boasts a hint of spicy jalapeño and cayenne pepper and a wavy texture for even […]