Ingles Markets, Incorporated IMKTA

Competitive advantage analysis · consumer-defensive

Corporate Default
Overall moat score
41/100
Developing

About Ingles Markets, Incorporated

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the United States. The company offers food products, such as grocery, meat, and dairy products, produce, frozen food, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items, organic, and locally sourced … Full IMKTA analysis →

Competitive advantage assessment

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 20.0th percentile with high volatility suggests weak pricing power or commoditized products.
  • ROIC Below WACC or Peers ROIC at 30.0th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
36

Where IMKTA ranks in Grocery Stores

Ingles Markets, Incorporated ranks #7 of 12 scored companies in Grocery Stores by moat score — the top 58%. The widest moat in the group is Village Super Market, Inc. (VLGEA) at 81/100.

Moat scores for companies ranked near IMKTA in Grocery Stores
# Company Moat score Rating
3 Sprouts Farmers Market, Inc. SFM 72/100 Moderate
4 Kroger Company (The) KR 64/100 Moderate
5 Weis Markets, Inc. WMK 63/100 Moderate
6 Albertsons Companies, Inc. ACI 47/100 Developing
7 Ingles Markets, Incorporated IMKTA 41/100 Developing
8 Dingdong (Cayman) Limited DDL 38/100 Developing
9 Grocery Outlet Holding Corp. GO 28/100 Developing
10 Maison Solutions Inc. MSS 22/100 Weak
11 Krispy Kreme, Inc. DNUT 22/100 Weak

See every General Corporate company ranked by moat score →

How IMKTA scores on the Corporate Default defenses

Pricing Power

Score 36 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 80 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 32 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 36 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 64 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 27 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding IMKTA's moat

What is Ingles Markets, Incorporated's moat score?

Ingles Markets, Incorporated (IMKTA) scores 41 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #7 of 12 scored companies in Grocery Stores, the top 58%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 11 companies in Grocery Stores. Its strongest defense is Cost Advantage (80/100) and its weakest is Scale & Market Position (27/100).

How does Ingles Markets, Incorporated compare with other Grocery Stores companies?

Ingles Markets, Incorporated ranks #7 of 12 scored companies in Grocery Stores by moat score. The widest moat in Grocery Stores is Village Super Market, Inc. (VLGEA) at 81/100. The companies ranked closest are Albertsons Companies, Inc. (ACI) at 47 just above it and Dingdong (Cayman) Limited (DDL) at 38 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 11 companies in Grocery Stores. The defenses are then weighted to produce the overall score out of 100.

Why is Ingles Markets, Incorporated scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Ingles Markets, Incorporated?

The Corporate Default template measures 6 defenses, and IMKTA scores: Pricing Power (36), Cost Advantage (80), Customer Stickiness (32), Capital Efficiency (36), Resilience (64), Scale & Market Position (27). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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