Ingles Markets (IMKTA): what its 10-K says it depends on

Other companies

Robert P. Ingle II

approximately 72.5% of the combined voting powernamed as a risk

Mr. Ingle II’s beneficial ownership represented approximately 72.5% of the combined voting power of all classes of the Company’s capital stock as of September 27, 2025.Risk factors (Item 1A)

Competitors

Walmart Inc.

competes with

competitors are, in alphabetical order, Aldi, Inc., Earth Fare, Inc., Food City (K-VA-T Food Stores, Inc.), Food Lion (Koninlijke Ahold Delhaize America N.V.), The Fresh Market, Inc., Harris Teeter (owned by The Kroger Co.), The Kroger Co., Lidl (Lidl Stiftung & Co. KG), Publix Super Markets, Inc., Sprouts Farmers Market, Inc., Target Corporation, Wal-Mart Stores, Inc., and Whole Foods Market.Business (Item 1)

Also named by CAG, CALM, CHD, CL, CPB, GIS, HAS, HRL and 9 more

Publix Super Markets, Inc.

competes with

competitors are, in alphabetical order, Aldi, Inc., Earth Fare, Inc., Food City (K-VA-T Food Stores, Inc.), Food Lion (Koninlijke Ahold Delhaize America N.V.), The Fresh Market, Inc., Harris Teeter (owned by The Kroger Co.), The Kroger Co., Lidl (Lidl Stiftung & Co. KG), Publix Super Markets, Inc., Sprouts Farmers Market, Inc., Target Corporation, Wal-Mart Stores, Inc., and Whole Foods Market.Business (Item 1)

The Kroger Co.

competes with

competitors are, in alphabetical order, Aldi, Inc., Earth Fare, Inc., Food City (K-VA-T Food Stores, Inc.), Food Lion (Koninlijke Ahold Delhaize America N.V.), The Fresh Market, Inc., Harris Teeter (owned by The Kroger Co.), The Kroger Co., Lidl (Lidl Stiftung & Co. KG), Publix Super Markets, Inc., Sprouts Farmers Market, Inc., Target Corporation, Wal-Mart Stores, Inc., and Whole Foods Market.Business (Item 1)

Aldi, Inc.

competes with

competitors are, in alphabetical order, Aldi, Inc., Earth Fare, Inc., Food City (K-VA-T Food Stores, Inc.), Food Lion (Koninlijke Ahold Delhaize America N.V.), The Fresh Market, Inc., Harris Teeter (owned by The Kroger Co.), The Kroger Co., Lidl (Lidl Stiftung & Co. KG), Publix Super Markets, Inc., Sprouts Farmers Market, Inc., Target Corporation, Wal-Mart Stores, Inc., and Whole Foods Market.Business (Item 1)

Food Lion (Ahold Delhaize)

competes with

competitors are, in alphabetical order, Aldi, Inc., Earth Fare, Inc., Food City (K-VA-T Food Stores, Inc.), Food Lion (Koninlijke Ahold Delhaize America N.V.), The Fresh Market, Inc., Harris Teeter (owned by The Kroger Co.), The Kroger Co., Lidl (Lidl Stiftung & Co. KG), Publix Super Markets, Inc., Sprouts Farmers Market, Inc., Target Corporation, Wal-Mart Stores, Inc., and Whole Foods Market.Business (Item 1)

Places

North Carolina

concentrated in · 41%named as a risk

The Company’s headquarters, warehouse and distribution center and milk processing and packaging plant are located in North Carolina and all of the Company’s stores are located in the Southeast region.Risk factors (Item 1A)

Also named by ABR, AUB, DUK, FCNCA, FHN, GLW, MLM, PNFP and 5 more

Georgia

operates in · 32%

Ingles Markets, Incorporated, a North Carolina corporation (collectively with its subsidiaries, “Ingles,” or the “Company,” “we,” “us” or “our”), is a leading supermarket chain in the southeast United States and operates a total of 194 supermarkets in North Carolina (72), Georgia (64), South Carolina (35), Tennessee (21), Virginia (1) and Alabama (1), excluding three stores that remain temporarily closed due to damage sustained during Hurricane Helene.Business (Item 1)

Also named by ABR, ACHR, AXP, BRO, CNC, ELV, MKL, MLM and 7 more

South Carolina

operates in · 19%

Ingles Markets, Incorporated, a North Carolina corporation (collectively with its subsidiaries, “Ingles,” or the “Company,” “we,” “us” or “our”), is a leading supermarket chain in the southeast United States and operates a total of 194 supermarkets in North Carolina (72), Georgia (64), South Carolina (35), Tennessee (21), Virginia (1) and Alabama (1), excluding three stores that remain temporarily closed due to damage sustained during Hurricane Helene.Business (Item 1)

Also named by ENPH, ENS, FCNCA, GNRC, PNFP, SSB

Tennessee

operates in · 8%

Ingles Markets, Incorporated, a North Carolina corporation (collectively with its subsidiaries, “Ingles,” or the “Company,” “we,” “us” or “our”), is a leading supermarket chain in the southeast United States and operates a total of 194 supermarkets in North Carolina (72), Georgia (64), South Carolina (35), Tennessee (21), Virginia (1) and Alabama (1), excluding three stores that remain temporarily closed due to damage sustained during Hurricane Helene.Business (Item 1)

Also named by CTRE, FHN, PNFP, RF, VMC

Asheville, North Carolina

concentrated in · approximately 58.8% of the goods the Company sells

Substantially all of the Company’s stores are located within 280 miles of the Company’s warehouse and distribution facilities, near Asheville, North Carolina.Business (Item 1)

Southeastern United States

concentrated innamed as a risk

The Company operates in the Southeastern United States, and its performance is therefore heavily influenced by economic developments in the Southeast region.Risk factors (Item 1A)

Also named by AGX, BWIN, STWD

Hazards

Hurricane Helene

$30.4 million related to inventory and $4.5 million related to property and equipmentnamed as a risk

For the year ended September 28, 2024, the Company recognized impairment losses of $30.4 million related to inventory and $4.5 million related to property and equipment, in each case that was damaged or destroyed by Hurricane Helene.Business (Item 1)

Also named by BAX, BWXT, MNST, SO, SYM

Commodities and inputs

Gasoline and diesel fuel

exposed to its price · $620.9named as a risk

While the Company obtains gasoline and diesel fuel from several different suppliers, long-term disruption in the availability and wholesale price of fuel for resale could have a material adverse effect on the Company’s business, financial condition and/or results of operations.Risk factors (Item 1A)

Also named by FLO, PATK, WDFC

Milk

earns from · approximately 81% of its products

In addition, the milk processing and packaging plant sells approximately 81% of its products to other retailers, food service distributors and grocery warehouses in 18 states, which provides the Company with an additional source of revenue.Business (Item 1)

Also named by KO

Diesel fuel

exposed to its pricenamed as a risk

Fluctuating fuel costs could adversely affect the Company’s operating costs which depend on fuel for the Company’s fleet of tractors and trailers which distribute goods from the Company’s distribution facility and for the Company’s fluid dairy operations.Risk factors (Item 1A)

Also named by ADM, BLDR, BTU, CAH, CHD, CHRW, COST, CP and 43 more

Energy and utilities

exposed to its pricenamed as a risk

Inflation or deflation in energy costs affects the Company’s fuel sales, distribution expenses and plastic supply costs.Risk factors (Item 1A)

Regulators

U.S. Food and Drug Administration

subject tonamed as a risk

Furthermore, the Company’s business is regulated by a variety of governmental agencies, including, but not limited to, the U.S. Food and Drug Administration, the U.S. Department of Agriculture, and the Occupational Safety and Health Administration.Risk factors (Item 1A)

Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more

U.S. Department of Agriculture

subject tonamed as a risk

Furthermore, the Company’s business is regulated by a variety of governmental agencies, including, but not limited to, the U.S. Food and Drug Administration, the U.S. Department of Agriculture, and the Occupational Safety and Health Administration.Risk factors (Item 1A)

Also named by AGM, BJ, CAG, CALM, CASH, CB, DLTR, FLO and 11 more

Laws and programs

Recovery Zone Bonds

$45,380

The Company is exposed to changes in interest rates primarily as a result of its borrowing activities, which include borrowings under the Line, real estate and equipment financing, and the Bonds.Market risk (Item 7A)

Payment Card Industry Data Security Standard (PCI-DSS)

subject to

The Center for Internet Security (CIS) Benchmarks and the Payment Card Industry (PCI) Security Standards are also followed to ensure compliance with the Payment Card Industry Data Security Standard (PCI-DSS) and to assist with managing risk.Cybersecurity (Item 1C)

Also named by ABNB, AZO, BJ, BKNG, CASH, CASY, COST, DOV and 20 more