Ingles Markets, Incorporated Reports Second Update on the Impact of Hurricane Helene
Ingles Markets, Incorporated - Class A (IMKTA)
US:NASDAQ Investor Relations:
ingles-markets.com/corporate/investor-relations
Company Research
Source: Business Wire
ASHEVILLE, N.C.--(BUSINESS WIRE)--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced improvements since Hurricane Helene impacted the operation of both the company’s stores and its distribution center. Of our 198 stores, 194 stores are currently open. Four of our stores sustained damage due to flooding and winds and are temporarily closed. We expect all four to reopen over the next three to nine months. Our distribution center is fully operational and has returned to normal operations.We have currently estimated that the financial impact of inventory and property loss will be between $35 and $55 million, for which we expect between $10 to $15 million of insurance reimbursement, and such impact will be included in our results of operations for our fiscal quarter and year ended September 28, 2024. Due to the complexity and preliminary nature of the information currently available to us, the ultimate financial impact of inventory and property loss may differ materially from
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IMKTA
Sec Filings
- 10/29/24 - Form 8-K
- 10/3/24 - Form 8-K
- 9/30/24 - Form 8-K
- IMKTA's page on the SEC website