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  • Ingles Markets reported first quarter sales that were up 7.9 percent to $534.3 million and same-store sales for the period that were up 6.3 percent. Net income for the quarter, however, dropped 43.8 percent to $1.8 million because of costs associated with a new loyalty marketing card program and a decline in rental income.


  • Rite Aid Corp. recorded third quarter net income of $73.6 million, contrasted to a $16.4 million loss in the prior-year quarter. Revenues rose 6.2 percent to $4.11 billion, driven by a solid 6.4 percent rise in same-store sales.


  • Tyson announced that first quarter profit rose 46 percent to $57 million from $39 million during the same period a year earlier. Sales for the quarter rose 12 percent to $6.5 billion.


  • McDonald's Corp. said it earned $125.7 million in the fourth quarter, compared with a net loss of $343.8 million during the same period a year earlier. Quarterly revenue rose 17 percent to $4.56 billion.

    Same-store sales rose 7.4 percent.

    In other news, McDonald's announced that Fred Turner, 71, was hanging up his spatula after 48 years with the company.

    Turner started as a counterman at one of the company’s fast food outlets, and eventually became chairman and CEO. Since 1990, he has been honorary senior chairman of the board of directors. But he is better known in McDonald's lore as the man who helped create the Big Mac, Chicken McNuggets and the Egg McMuffin.

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