-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Ox4qhH048U0hopBRYqQBoCeIkJQIhizFHckA+XbfjJ850FMQFBaW4mSkxuDHX4og
 iRv/NVeXR79yobNfGX7uKQ==

<SEC-DOCUMENT>0000891092-03-003438.txt : 20031121
<SEC-HEADER>0000891092-03-003438.hdr.sgml : 20031121
<ACCEPTANCE-DATETIME>20031121094433
ACCESSION NUMBER:		0000891092-03-003438
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20031119
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20031121

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INGLES MARKETS INC
		CENTRAL INDEX KEY:			0000050493
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-GROCERY STORES [5411]
		IRS NUMBER:				560846267
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14706
		FILM NUMBER:		031016786

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 6676
		CITY:			ASHEVILLE
		STATE:			NC
		ZIP:			28816
		BUSINESS PHONE:		7046692941

	MAIL ADDRESS:	
		STREET 1:		P O BOX 6676
		CITY:			ASHEVILLE
		STATE:			NC
		ZIP:			28816
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e16297_8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   ----------

                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): November 19, 2003

                          INGLES MARKETS, INCORPORATED
             (Exact name of registrant as specified in its charter)

        NORTH CAROLINA                  0-14706                  56-0846267
(State or other jurisdiction          (Commission               (IRS Employer
      of incorporation)               File Number)           Identification No.)

                                  P.O. Box 6676
                         Asheville, North Carolina 28816
                              (Address of Principal
                               Executive Offices)

                                 (828) 669-2941
              (Registrant's telephone number, including area code)

                                      None
          (Former name or former address, if changed since last report)

================================================================================

<PAGE>

Item 5. Other Events

      On November 19, 2003, Ingles Markets, Incorporated ("Ingles") issued a
press release announcing the amendment of its quarterly reports on Form 1O-Q for
its second and third quarters of fiscal 2003.

Item 7. Financial Statements and Exhibits

(c)  Exhibits

Exhibit No.       Description
- -----------       -----------
99.1              Press release dated November 19, 2003.


                                       2

<PAGE>

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                  INGLES MARKETS, INCORPORATED

Date: November 21, 2003                           By: /s/ Brenda S. Tudor
                                                      --------------------------
                                                      Brenda S. Tudor
                                                      Vice President-Finance and
                                                      Chief Financial Officer


                                       3

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>e16297ex99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1

  Ingles Markets, Incorporated Amends March 2003 and June 2003 Forms 10-Q For
                        Recent Accounting Pronouncement

    ASHEVILLE, N.C., Nov. 19 /PRNewswire-FirstCall/ -- Ingles Markets,
Incorporated (Nasdaq: IMKTA) today amended its Form 10-Q's for its March 2003
and June 2003 quarters in connection with an evolving interpretation of the
recently issued EITF 02-16, Accounting by a Customer (Including a Reseller)
for Certain Consideration Received from a Vendor.
    Brenda Tudor, Chief Financial Officer of Ingles, stated, "In connection
with a routine periodic review of our filings, we were engaged in a dialogue
with the staff of the US Securities and Exchange Commission (the "SEC"). Our
correspondence and discussions with the SEC, principally regarding the method
of recognizing slotting fees and the interpretations of EITF 02-16, led us to
reconsider our methodology of recognizing these fees when the amount was
contractually established and collection was probable. The Company has changed
its policy to including these allowances as a reduction in inventory value.
Since we had previously filed the March 2003 and June 2003 Form 10-Q's, the
option of recording this as a cumulative effect of an accounting change was
not available. Therefore, we are accounting for the change in methodology on a
prospective basis retroactive to January 1, 2003, and have amended our
consolidated financial statements for the quarters ended March 29, 2003, and
June 28, 2003. We believe that the issues identified by the SEC in their
latest review of our filings are now resolved."
    The amendment resulted in a non cash charge of $1.6 million, net of income
taxes of $1.0 million for the quarter ended March 29, 2003. There was no
impact to earnings for the quarter ended June 28, 2003. The Company does not
anticipate any material impact from this accounting change going forward.
    The comments in this press release contain certain forward-looking
statements. Ingles undertakes no obligation to publicly release any revisions
to any forward-looking statements contained herein to reflect events or
circumstances occurring after the date hereof or to reflect the occurrence of
unanticipated events. A detailed discussion of factors regarding our forward-
looking statements may be found in reports filed by the Company with the
Securities and Exchange Commission including its 2002 Form 10-K and Forms
10-Q.
    Ingles Markets, Incorporated is a leading supermarket chain with
operations in six southeastern states. Headquartered in Asheville, North
Carolina, the Company operates 198 supermarkets. In conjunction with its
supermarket operations, the Company also operates 74 neighborhood shopping
centers, all but 16 of which contain an Ingles supermarket. The Company's
Class A Common Stock is traded on The Nasdaq Stock Market's National Market
under the symbol IMKTA. For more information about the Company, visit Ingles
website at www.ingles-markets.com.

SOURCE  Ingles Markets, Inc.
    -0-                             11/19/2003
    /CONTACT:  Brenda S. Tudor, Vice President-Finance & Chief Financial
Officer of Ingles Markets, Inc., +1-828-669-2941, ext. 223/
    /Web site:  http://www.ingles-markets.com /
    (IMKTA)

CO:  Ingles Markets, Inc.
ST:  North Carolina
IN:  REA
SU:

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
