<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>a5135659ex99_2.txt
<DESCRIPTION>EXHIBIT 99.2 PRESS RELEASE
<TEXT>
                                                                    Exhibit 99.2

Ingles Markets, Incorporated Announces Settlement with Securities and Exchange
Commission

    ASHEVILLE, N.C.--(BUSINESS WIRE)--April 27, 2006--Ingles Markets,
Incorporated (NASDAQ: IMKTA) today announced that it has reached a
settlement agreement with the Securities and Exchange Commission
("SEC") resolving a civil complaint filed April 27, 2006 against the
Company in connection with the previously disclosed private
investigation regarding certain vendor contracts entered into in
fiscal years 2002 and 2003 and certain internal control accounting
issues.
    The settlement does not require Ingles to pay a monetary penalty.
Ingles settled the SEC's charges without admitting or denying the
SEC's allegations. Under the settlement, Ingles has consented to the
entry of injunctions against future violations of certain provisions
of Federal securities laws. In February 2005, Ingles restated its
financial statements for fiscal years 2002 and 2003 and the first
three quarters of fiscal year 2004 in connection with the matters
related to the SEC investigation and settlement. The settlement does
not require additional restatement of the Company's results.
    Robert P. Ingle, chief executive officer, said, "We are very
pleased to finally put this matter behind us, without the payment of a
penalty, and are now able to completely focus our efforts on the
Company's future. We believe that this resolution attests to our
cooperation with the SEC, as well as our recent efforts to improve our
internal control environment."
    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.

    CONTACT: Ingles Markets, Incorporated
             Ron Freeman, 828-669-2941 (Ext. 223)
</TEXT>
</DOCUMENT>
