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Summary: Ingles Markets Inc. Jan 13 Product Image

Summary: Ingles Markets Inc. Jan 13

  • ID: 2384272
  • January 2013
  • Standard & Poors

Abstract
The ratings on North Carolina-based supermarket chain Ingles Markets Inc. reflect Standard & Poor's Ratings Services' expectation that the company will have stable profits and credit metrics in the near term, and that our assessment of the company's financial risk will remain "aggressive." We view Ingles' business risk as "fair," based on its consistent historical operating performance, which is better than most competitors, and its vertical integration that allows for cost benefits. Ingles has a good track record of growing revenues. This is evident in recent operating results, as it yielded benefits from improving in-store experience through product initiatives and pricing strategies. We anticipate EBITDA margins will remain almost flat in fiscal 2013, at around 5.8%, as we think sales...

Companies mentioned in this report are:
- Ingles Markets Inc.

Action: Review

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