-----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,
 RMSvCcEIr5Te1xwPA4F6v6/XOwn/jSIAVjsZ5Izl0vam/zmy9Z6e1vDoZ4ZZccOH
 Wy+bWUIPZzcwQVTwrT7ffA==

<SEC-DOCUMENT>0001157523-06-001321.txt : 20060209
<SEC-HEADER>0001157523-06-001321.hdr.sgml : 20060209
<ACCEPTANCE-DATETIME>20060209080042
ACCESSION NUMBER:		0001157523-06-001321
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060209
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060209
DATE AS OF CHANGE:		20060209

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:		06590899

	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>a5075955.txt
<DESCRIPTION>INGLES MARKET, INCORPORATED 8-K
<TEXT>

                                  UNITED STATES
                       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)       February 9, 2006
                                                --------------------------------


                          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, NC                                       28816
- --------------------------------------------------------------------------------
(Address of principal executive offices)                        (Zip Code)

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

                                       N/A
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

<PAGE>

Item 2.02 Results of Operations and Financial Condition.

On February  9, 2006,  Ingles  Markets,  Incorporated  ("IMKTA")  issued a press
release  announcing  financial  information  for its first fiscal  quarter ended
December  24, 2005.  The press  release is attached as Exhibit 99.1 to this Form
8-K.



Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits.

     Exhibit Number     Description of Exhibit
     --------------     ----------------------
     99.1               Press release issued February 9, 2006









<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
                                            ------------------------------------
                                                       (Registrant)

Date: February 9, 2006
                                        By: /s/ Ronald B. Freeman
                                            ------------------------------------
                                            Ronald B. Freeman
                                            Chief Financial Officer









<PAGE>

                                  EXHIBIT INDEX
                                  -------------


Exhibit         Description
- -------         -----------

99.1            Press Release dated February 9, 2006
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.
<SEQUENCE>2
<FILENAME>a5075955ex99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    EXHIBIT 99.1


Ingles Markets, Incorporated Reports First Quarter Sales and Earnings Increases


     ASHEVILLE, N.C.--(BUSINESS WIRE)--Feb. 9, 2006--Ingles Markets,
Incorporated (NASDAQ: IMKTA) today announced increased sales and earnings for
the first quarter of fiscal year 2006, ended December 24, 2005.
     Net income grew 53.4% to $7.8 million for the December 2005 quarter
compared with $5.1 million for the December 2004 quarter. Basic and diluted
earnings per share for the Company's publicly traded Class A common stock were
$0.33 and $0.32, respectively, for the December 2005 quarter compared to $0.22
and $0.21, respectively, for the December 2004 quarter.
     Net sales and comparable store sales increased 11.5% and 9.8%,
respectively, for the December 2005 quarter over the same quarter last year.
During the December 2005 quarter, the Company completed the replacement of one
store and purchased three future store sites. Ingles operated 197 stores at
December 24, 2005, and at December 25, 2004.
     Gross profit increased 8.2% for the December 2005 quarter over the December
2004 quarter, while gross profit as a percentage of sales decreased 80 basis
points to 24.6% in the current year quarter from 25.4% in the prior year
quarter. Larger sales growth in lower margin departments and holiday-related
pricing incentives contributed to the gross profit percentage decrease.
     Operating and administrative expense dollars increased 6.3%, however as a
percentage of sales, operating and administrative expenses decreased to 20.9%
for the December 2005 quarter compared with 21.9% of sales for the December 2004
quarter due to the higher sales volume.
     Interest expense decreased $0.7 million for the three months ended December
24, 2005, compared to the three months ended December 25, 2004, due to a $30.9
million reduction in total debt from $595.2 million at December 25, 2004, to
$564.3 million at December 24, 2005.
     Capital expenditures for the December 2005 quarter totaled $30.2 million.
Ingles capital expenditure plans for all of fiscal year 2006 total approximately
$75 million. For the balance of the fiscal year, Ingles plans to open four new
or replacement stores, add three fuel stations at existing store locations and
purchase sites for future expansion.
     Commenting on the results, Robert P. Ingle, chief executive officer,
stated, "We are off to a very good start with the results for the first quarter
of our fiscal year. Two weeks included in this quarter experienced record sales
for our Company. We also experienced excellent comparable store sales growth.
Whether it's additional organic products, expanded pharmacy and gasoline
operations, or unique specialty departments, we're focused on delivering what
our customers want."
     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, except as required by law. Ingles' actual results may
differ materially from those projected in forward-looking statements made by, or
on behalf of, Ingles. Factors that may affect results include changes in
business and economic conditions generally in Ingles' operating area, pricing
pressures, increased competitive efforts by others in Ingles' marketing areas
and the availability of financing for capital improvements. A more detailed
discussion of these factors may be found in reports filed by the Company with
the Securities and Exchange Commission including its 2005 Form 10-K and Form
10-Q for the quarter ended December 24, 2005.
     Ingles Markets, Incorporated is a leading supermarket chain with operations
in six southeastern states. Headquartered in Asheville, North Carolina, the
Company operates 197 supermarkets. In conjunction with its supermarket
operations, the Company also operates 74 neighborhood shopping centers, all but
17 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.



                     INGLES MARKETS, INCORPORATED
             (Amounts in thousands except per share data)

                    Unaudited Financial Highlights
        Condensed Consolidated Statements of Income (Unaudited)

                                                    Quarter Ended
                                               -----------------------
                                                Dec. 24,     Dec. 25,
                                                  2005         2004
                                               ----------   ----------
Net sales                                        $623,394     $559,275
Gross profit                                      153,551      141,952
Operating and administrative expenses             130,478      122,708
Rental income, net                                  1,284        1,470
Income from operations                             24,357       20,714
Other income, net                                     740          447
Interest expense                                   12,327       13,047

Income taxes                                        5,000        3,050
Net income                                         $7,770       $5,064

Basic earnings per common share - Class A           $0.33        $0.22
Diluted earnings per common share - Class A         $0.32        $0.21
Basic earnings per common share - Class B           $0.30        $0.20
Diluted earnings per common share - Class B         $0.30        $0.20

Additional selected information:
Depreciation and amortization expense             $14,755      $14,460
Rent expense                                       $6,129       $7,706


           Condensed Consolidated Balance Sheets (Unaudited)

                                                Dec. 24,     Sept. 24,
                                                  2005         2005
                                               ----------   ----------
ASSETS
  Cash and cash equivalents                       $27,879      $50,626
  Receivables-net                                  44,322       39,079
  Inventories                                     214,521      204,113
  Other current assets                             11,665       10,639
  Property and equipment-net                      756,172      744,163
  Other assets                                     17,279       17,385
                                               ----------   ----------
TOTAL ASSETS                                   $1,071,838   $1,066,005
                                               ==========   ==========

LIABILITIES AND STOCKHOLDERS' EQUITY

  Current maturities of long-term debt            $14,951      $16,413
  Accounts payable, accrued expenses and
   current portion of other long-term
   liabilities                                    193,593      184,462
  Deferred income taxes                            29,076       31,246
  Long-term debt                                  549,366      553,015
  Other long-term liabilities                       3,971        4,020
                                               ----------   ----------
    Total Liabilities                             790,957      789,156
  Stockholders' equity                            280,881      276,849
                                               ----------   ----------
TOTAL LIABILITIES AND
  STOCKHOLDERS' EQUITY                         $1,071,838   $1,066,005
                                               ==========   ==========




     CONTACT: Ingles Markets, Incorporated, Asheville
              Ron Freeman, 828-669-2941 (Ext. 223)
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
