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Ingles Markets, Incorporated Reports 50th Year of Record Sales, Plus Growth in Sales and Net Income for Fourth Quarter

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ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported record sales of $3.84 billion for fiscal 2014, its 50th consecutive year of sales growth. For the full fiscal years, net income rose to $51.4 million in 2014 compared with $20.8 million in 2013. Fiscal 2013 included a $26.2 million after tax charge for debt extinguishment costs incurred during the third quarter of fiscal 2013. These costs were incurred as part of a refinancing of the Company’s major cr

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