Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
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H.S. freshman Avg
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New words:
breach, cold, collaboration, costly, Counsel, cyber, cybersecurity, deemed, embedded, experienced, expertise, extreme, heat, Idalia, incident, indemnify, monitor, negatively, Overnight, penetrate, political, posted, preserve, proactive, SOFR, unpredictable, unrest, volunteer, volunteered, waiver, war, weather
Removed:
cleaning, Director, fear, government, impacting, Independence, LIBOR, maintain, operational, outbreak, preventative, priority, quarantine, reduced, regulation, stocking, top, tourism, travel, uncertainty, workforce
Financial report summary
?Competition
Ingles Markets, Inc. - Ordinary SharesRisks
- Increased competition could adversely affect the Company.
- Adverse economic and other conditions that impact consumer spending could adversely affect the Company.
- Events beyond the Company’s control, such as natural disasters, public health crises, political crises or other catastrophic events could adversely affect the Company.
- Increased operating costs could adversely affect the Company.
- Risks associated with the Company’s suppliers could adversely affect the Company.
- Failure to execute the Company’s core strategies could adversely affect the Company.
- Failure to identify and obtain or retain suitable supermarket sites could adversely affect the Company.
- Failure by the Company or the Company’s third party service providers to protect the confidential information within the Company’s sites, networks, systems, platforms and assets against cyber attacks, data breaches, other security incidents or loss could adversely affect the Company.
- Disruptions in information technology systems could adversely affect the Company.
- Changes in the factors affecting self-insured claims could adversely affect the Company.
- Product liability claims and lawsuits, product recalls and the resulting unfavorable publicity could adversely affect the Company.
- Unfavorable changes in, failure to comply with or increased costs of complying with environmental laws and regulations could adversely affect the Company.
- Unfavorable changes in, failure to comply with or increased costs of complying with laws and regulations could adversely affect the Company.
- Unfavorable results of legal proceedings could adversely affect the Company.
Management Discussion
- The Company’s fiscal year ends on the last Saturday in December. Fiscal years 2023 and 2021 include 52 weeks and fiscal year 2022 includes 53 weeks.
- Sales for 2023 were $57.1 billion as compared with $54.5 billion in 2022, an increase of $2.6 billion or 4.7%. Excluding the effect of the additional week in 2022, sales for 2023 as compared with 2022 would have increased 6.7%. After excluding the effect of the additional week in 2022, the increase in sales for 2023 as compared with 2022 was primarily due to new supermarket sales and a 4.2% increase in comparable store sales (supermarkets open for the same weeks in both periods, including replacement supermarkets). Comparable store sales for 2023 increased primarily due to the impact of inflation on product costs. Sales for supermarkets that are replaced on site are classified as new supermarket sales since the replacement period for the supermarket is generally 12 to 15 months.
- Sales for 2022 were $54.5 billion as compared with $48.0 billion in 2021, an increase of $6.5 billion or 13.6%. The increase in sales for 2022 as compared with 2021 was primarily due to new supermarket sales, a 9.9% increase in comparable store sales and a 2.1% increase in sales from the additional week in 2022. Comparable store sales for 2022 increased primarily due to the impact of inflation on product costs.