Sales rise of 1.3% for Ingles Markets in 4Q
date:Dec 13, 2013
13, vs. 22.1% in the year-ago quarter.

For the full year, net income in fiscal 2013 was $20.8 million, down from $43.4 million in fiscal 2012. The recent year included a pre-tax charge of $43.1 million in the third quarter related to early extinguishment of debt. Excluding that charge, net income would have risen, Freeman said in the conference call.

Sales for the recent, 52-week year were up about 0.5%, to $3.74 billion, vs. the 53-week fiscal year in 2012.

Comparing the 52 calendar weeks of
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