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Ingles Markets, Incorporated

 
Overview
Bob Ingle opened the first Ingles supermarket in Asheville, North Carolina in 1963. He saw an opportunity to invest in smaller towns and rural communities throughout North and South Carolina that were being underserved by large grocery chains. It was a strategy that proved so successful that expansion into similar communities in Georgia, Tennessee, Alabama and Virginia soon followed. Ingles now operates approximately 200 stores in six southeastern states with annual sales of almost $3 billion.

Early on, Ingles implemented a successful strategy of real estate investment in the communities it served, often owning the real estate on which its stores are located. Ingles today owns two-thirds of the real estate on which it operates. Ingles operates 76 neighborhood shopping centers (all but 17 of which contain an Ingles supermarket). Additionally, one third of its stores are freestanding stores owned by the Company.

Ingles self-distributes 64% of its stores’ merchandise from its distribution center on the outskirts of Asheville North Carolina, where its headquarters is also located. Substantially all of Ingles stores are located within a 250-mile radius of the distribution center to facilitate its high standards of quality and freshness.

In 1982, Ingles found a strategic partner by purchasing a milk processing facility. Milkco, Inc., a wholly owned subsidiary, not only supplies Ingles stores with the freshest dairy products, fruit juices and bottled waters, but also sells two thirds of its products to other retailers, wholesalers and food service distributors. Annual production at Milkco has grown from 5 million gallons in 1982 to over 55 million gallons in 2002.

In 1987, the Company became publicly traded on the Nasdaq Stock Markets’s National Market under the symbol IMKTA.

Ingles’ strives to provide one-stop shopping convenience to its valued customers. Ingles supermarkets offer customers a wide variety of nationally advertised food products, including grocery, meat and dairy products, produce, frozen foods and other perishables, non-food products, including health and beauty care products and general merchandise, as well as quality private label items. In addition, the Company focuses on customer convenience by selling products to its customers through the development of book sections, media centers, floral departments, bakery departments and prepared foods including delicatessen sections. The Company recently began adding fuel centers, pharmacies and self-checkout at select store locations.

The same customer focus and commitment to quality and convenience on which Bob Ingle founded the business in 1963, continues today throughout the organization.
Benefits
Ingles offers excellent benefits to full and part-time associates. We also have training programs and the Ingles Career Opportunites Program to help advance the careers of interested associates. Full-Time Benefits
  • Health Insurance
  • Medical
  • Dental
  • Vision
  • Drug Card
  • Short-Term Disibility
  • Credit Union
  • Paid Holidays
  • Paid Vacation
  • Sick Pay
  • 401k with Company Match
Part-Time Benefits
  • Health Insurance
  • Medical
  • Generic Drug Card
  • 401k with Company Match
Training Programs
  • Store Management Training
  • Tractor-Trailer Driver Training
  • Meat Cutter Training
  • Warehouse Coordinator Training
Career Opportunities
INGLES MARKETS, INCORPORATED DECLARES QUARTERLY CASH DIVIDEND

ASHEVILLE, N.C. - (April 2, 2007) - Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable April 26, 2007, to all shareholders of record on April 12, 2007.
Contact
Ingles Markets, Inc.
Post Office Box 6676
Asheville, NC 28816
Attn: Human Resources - Recruiting
recruit@ingles-markets.com
Diversity
Ingles Markets, Incorporated is an Equal Opportunity Employer. The Company does not discriminiate in its employment decisions with regard to race, color, religion, sex, national origin, age, handicap, Vietnam-era status, or any other basis prohibited by law. Ingles Markets, Incorporated is a drug-free workplace employer. Pursuant to Company policy, all employees are subject to drug testing.