Filing Flows › Ingles Markets (IMKTA) › Q4 FY24
Ingles Markets (IMKTA) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 27, 2024
Ingles Markets (IMKTA) reported revenue of $1.4B for the fourth quarter fiscal 2024 (Q4 FY24), -12% from a year earlier and +0.3% from the quarter before. Operating margin was -0.1%, net loss $1.5M (0.1% of revenue).
Ingles Markets, Q4 FY24: revenue $1.4B (-12% year over year), operating margin -0.1%, net loss $1.5M, operating cash flow $73.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +0.3% | -12% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | $73.3M | -29% | -18% |
| Free cash flow | $5.4M | -91% | -90% |
What changed
Revenue was $1.4B in Q4 FY24, down 12% year over year and roughly flat from the previous quarter.
Gross margin was 21.4%, down 1.9 points from a year earlier. Operating costs exceeded revenue by $1.4M, an operating margin of -0.1%. Operating expenses grew 1% against a revenue fall of 12%. The quarter ended with a net loss of $1.5M, after a profit of $0.03B the previous quarter. Net interest and other expense of $1.5M was the main reason.
Operating cash flow was $0.07B (down 18% year over year). Non-cash charges added back $0.03B of depreciation and amortization. Working capital and other items added $0.04B. Capital expenditures of $0.07B left free cash flow of $0.01B.
Questions
What was Ingles Markets' revenue in the fourth quarter fiscal 2024?
Ingles Markets (IMKTA) reported revenue of $1.4B for the fourth quarter fiscal 2024 (Q4 FY24), -12% from a year earlier and +0.3% from the quarter before.
Was Ingles Markets profitable in the fourth quarter fiscal 2024?
Operating loss was $1.4M (-0.1% of revenue) and net loss $1.5M.
Source: Ingles Markets 10-K on SEC EDGAR.