Ingles Markets Inc.

Total debt as of June 28, 2025, was $518.0 million compared to $535.9 million as of June 29, 2024.

SEC original ↗Ingles Markets Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Capital expenditures for the nine months ended June 28, 2025, nine-month period totaled $91.4 million, as compared with $143.0 million for the nine months ended June 28, 2024.

SEC original ↗Ingles Markets Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Capital expenditures for the entire fiscal year 2025 are expected to be approximately $120 million to $160 million.

SEC original ↗Ingles Markets Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

As of June 28, 2025, the Company had outstanding only a single letter of credit in the amount of $500,000 under its $150.0 million line of credit and otherwise had no borrowings outstanding thereunder.

SEC original ↗Ingles Markets Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The Company believes its financial resources, including its line of credit and other internal and external sources of funds, will be sufficient to meet planned capital expenditures, debt service and working capital requirements for the foreseeable future.

SEC original ↗Ingles Markets Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Dollar LIBOR panel ceased following June 30, 2023, and the Company s debt agreements and interest rate swaps that utilized LIBOR discontinued the use of LIBOR and adopted the Secured Overnight Financing Rate ( SOFR ), which did not materially impact our consolidated audited financial statements, nor our condensed consolidated unaudited interim financial statements.

SEC original ↗Ingles Markets Inc. — 10-Q Quarterly report10-QAug 6, 2026

In addition, the Company focuses on selling products to its customers through the development of certified organic products, bakery departments and prepared foods including delicatessen sections .

SEC original ↗Ingles Markets Inc. — 10-Q Quarterly report10-QAug 6, 2026

These statements are based on management s current expectations and are subject to uncertainty and changes in circumstances.

SEC original ↗Ingles Markets Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The new standard requires entities to consider whether significant development uncertainty has been resolved before starting to capitalize software costs and aligns disclosure requirements with ASC 360, Property, Plant, and Equipment.

SEC original ↗Ingles Markets Inc. — 10-Q Quarterly report10-QAug 6, 2026

COMMITMENTS AND CONTINGENCIES Various legal proceedings and claims arising in the ordinary course of business are pending against the Company.

SEC original ↗Ingles Markets Inc. — 10-Q Quarterly report10-QAug 6, 2026

In the opinion of management, the ultimate liability, if any, from all pending legal proceedings and claims is not expected to materially affect the Company s financial position, results of operations, or cash flows.

SEC original ↗Ingles Markets Inc. — 10-Q Quarterly report10-QAug 6, 2026

Management estimates, by their nature, involve judgments regarding future uncertainties, and actual results may therefore differ materially from these estimates.

SEC original ↗Ingles Markets Inc. — 10-Q Quarterly report10-QAug 6, 2026

Risks and uncertainties are associated with self-insurance; however, the Company has limited its exposure by maintaining excess liability coverage of $1.0 million per occurrence for workers compensation and for general liability, and $650,000 per covered person for medical care benefits for a policy year.

SEC original ↗Ingles Markets Inc. — 10-Q Quarterly report10-QAug 6, 2026