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Multimillion-dollar bonuses for Ingles executives in 2024 despite lower profits at grocery chain • Asheville Watchdog

Summary by AVL Watchdog
Tropical Storm Helene, inflation and higher labor costs ate into Ingles Markets’ profits last year, but the company’s board chairman still received a bonus of more than $6 million. Robert P. Ingle II, son of the Black Mountain-based grocery chain founder, received a total of $7.4 million in compensation in 2024, including a salary of $1.2 million and bonus of nearly $6.1 million. That’s a 7 percent decrease from his 2023 package of nearly $8 mil…
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