For release 11 February 2005
contact:
Brenda S. Tudor
Vice President - Finance
& Chief Financial Officer
(828)-669-2941, Ext 223

INGLES MARKETS, INCORPORATED FILES FISCAL 2004 FORM 10-K AND ANNOUNCES FOURTH QUARTER CONFERENCE CALL ON THE INTERNET

ASHEVILLE, N.C. -- (February 11, 2005) -- Ingles Markets, Incorporated (NASDAQ: IMKTE) announced today that it has filed its Form 10-K for the fiscal year ended September 25, 2004, and amended Forms 10-Q for the first three quarters of fiscal 2004. As was previously announced, the filing of the Form 10-K was delayed due to an internal investigation and the restatement of certain prior financial statements. The Form 10-K, filed at the end of the day on February 10, 2005, includes restated financial statements for the Company’s 2002 and 2003 fiscal years.

Ingles will provide an on-line, real-time Web-cast and rebroadcast of its fiscal 2004 fourth quarter earnings conference call on February 15, 2005.

The live broadcast of Ingles Markets’ quarterly conference call will be available on-line at:

www.ingles-markets.com
and at
http://phx.corporate-ir.net/playerlink.zhtml?c=84885&s=wm&e=1017295

on February 15, 2005, beginning at 9:30 a.m. (Eastern Time). The on-line replay will follow immediately and continue for 90 days. To hear the Company’s conference call live, dial 719-457-2637. A replay will be available from 12:30 p.m. (Eastern Time) on February 15 until 6:00 p.m. on February 16. To listen to the playback, call 719-457-0820, reservation number 8124845.

More details on fiscal 2004 results, as well as restatements of prior-year periods, will be discussed in a press release to be issued on February 15, 2005.

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 16 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 IMKTE. For more information about the Company, visit Ingles' website at www.ingles-markets.com.