Ingles Markets (Ingles Markets) Gross Profit : $1,383 Mil (TTM As of Dec. 2023)

Ingles Markets Gross Profit Chart

Ingles Markets Annual Data
	Trend	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Gross Profit		Get a 7-Day Free Trial					1,022.00	1,198.25	1,303.43	1,415.77	1,404.92

Ingles Markets Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															371.16	325.94	338.10	369.72	348.80

Competitive Comparison of Ingles Markets's Gross Profit

For the Grocery Stores subindustry, Ingles Markets's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ingles Markets's Gross Profit Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ingles Markets's Gross Profit distribution charts can be found below:

* The bar in red indicates where Ingles Markets's Gross Profit falls into.

Ingles Markets Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Ingles Markets's Gross Profit for the fiscal year that ended in Sep. 2023 is calculated as

Ingles Markets's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,383 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Ingles Markets's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Ingles Markets  (NAS:IMKTA) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Ingles Markets had a gross margin of 23.55% for the quarter that ended in Dec. 2023 => Competition eroding margins

Ingles Markets Gross Profit Related Terms

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Ingles Markets (Ingles Markets) Business Description