Ingles Markets (IMKTA) 10-Q8 Feb 242024 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Dec. 30, 2023	Feb. 06, 2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 30, 2023
Document Transition Report	false
Entity File Number	0-14706
Entity Registrant Name	INGLES MARKETS, INCORPORATED
Entity Incorporation, State or Country Code	NC
Entity Tax Identification Number	56-0846267
Entity Address, Address Line One	P.O. Box 6676
Entity Address, City or Town	Asheville
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28816
City Area Code	828
Local Phone Number	669-2941
Title of 12(b) Security	Class A Common Stock, $0.05 par value per share
Trading Symbol	IMKTA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Current Fiscal Year End Date	--09-28
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Entity Central Index Key	0000050493
Amendment Flag	false
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		14,536,550
Class B Common Stock [Member]
Entity Common Stock, Shares Outstanding		4,457,826

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 30, 2023	Sep. 30, 2023
Current Assets:
Cash and cash equivalents	$ 275,033,980	$ 328,539,922
Receivables - net	116,747,734	107,570,690
Inventories	501,046,713	493,859,775
Other current assets	18,162,808	22,585,958
Total Current Assets	910,991,235	952,556,345
Property and Equipment - Net	1,462,361,839	1,431,872,289
Operating lease right of use assets	37,355,830	39,602,202
Other Assets	48,147,967	49,814,897
Total Assets	2,458,856,871	2,473,845,733
Current Liabilities:
Current portion of long-term debt	17,520,876	17,526,289
Current portion of operating lease liabilities	6,844,279	7,594,971
Current portion of finance lease liabilities	645,140	635,559
Accounts payable - trade	180,509,905	204,040,546
Accrued expenses and current portion of other long-term liabilities	77,471,605	100,735,784
Total current liabilities	282,991,805	330,533,149
Deferred Income Taxes	64,570,000	67,187,000
Long-Term Debt	529,374,767	532,631,960
Noncurrent operating lease liabilities	32,522,372	34,016,670
Noncurrent operating finance liabilities	2,895,015	3,059,938
Other Long-Term Liabilities	51,033,340	47,444,876
Total liabilities	963,387,299	1,014,873,593
Stockholders’ Equity
Preferred stock, $0.05 par value; 10,000,000 shares authorized; no shares issued
Paid-in capital in excess of par value
Accumulated other comprehensive income	9,404,075	13,233,631
Retained earnings	1,485,115,778	1,444,788,790
Total Stockholders’ Equity	1,495,469,572	1,458,972,140
Total Liabilities and Stockholders’ Equity	2,458,856,871	2,473,845,733
Class A Common Stock [Member]
Stockholders’ Equity
Common stocks:	726,809	724,854
Class B Common Stock [Member]
Stockholders’ Equity
Common stocks:	$ 222,910	$ 224,865

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 30, 2023	Sep. 30, 2023
Preferred stock, par value	$ 0.05	$ 0.05
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Class A Common Stock [Member]
Common stock, par value	$ 0.05	$ 0.05
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	14,536,175	14,497,075
Common stock, shares outstanding	14,536,175	14,497,075
Class B Common Stock [Member]
Common stock, par value	$ 0.05	$ 0.05
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	4,458,201	4,497,301
Common stock, shares outstanding	4,458,201	4,497,301

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)	3 Months Ended
	Dec. 30, 2023	Dec. 24, 2022
Net sales	$ 1,481,061,830	$ 1,493,314,107
Cost of goods sold	1,132,260,751	1,122,159,216
Gross profit	348,801,079	371,154,891
Operating and administrative expenses	289,826,530	276,179,258
Gain from sale or disposal of assets	652,860	780,083
Income from operations	59,627,409	95,755,716
Other income, net	3,606,549	1,441,607
Interest expense	5,706,357	5,346,842
Income before income taxes	57,527,601	91,850,481
Income tax expense	14,134,000	22,479,000
Net income	43,393,601	69,371,481
Other comprehensive loss:
Change in fair value of interest rate swap	(5,067,556)	(1,522,507)
Income tax benefit	1,238,000	372,000
Other comprehensive loss, net of tax	(3,829,556)	(1,150,507)
Comprehensive income	$ 39,564,045	$ 68,220,974
Class A Common Stock [Member]
Per-share amounts:
Basic earnings per common share	$ 2.33	$ 3.73
Diluted earnings per common share	2.28	3.65
Cash dividends per common share	0.165	0.165
Class B Common Stock [Member]
Per-share amounts:
Basic earnings per common share	2.12	3.40
Diluted earnings per common share	2.12	3.40
Cash dividends per common share	$ 0.150	$ 0.150

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Class A Common Stock [Member] Common Stock [Member]	Class B Common Stock [Member] Common Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Balance at Sep. 24, 2022	$ 718,879	$ 230,840	$ 12,406,551	$ 1,246,238,155	$ 1,259,594,425
Balance (in shares) at Sep. 24, 2022	14,377,575	4,616,801
Net income				69,371,481	69,371,481
Other comprehensive income, net of income tax			(1,150,507)		(1,150,507)
Cash dividends				(3,064,821)	(3,064,821)
Common stock conversions	$ 456	$ (456)
Common stock conversions (in shares)	9,125	(9,125)
Balance at Dec. 24, 2022	$ 719,335	$ 230,384	11,256,044	1,312,544,815	1,324,750,578
Balance (in shares) at Dec. 24, 2022	14,386,700	4,607,676
Balance at Sep. 30, 2023	$ 724,854	$ 224,865	13,233,631	1,444,788,790	1,458,972,140
Balance (in shares) at Sep. 30, 2023	14,497,075	4,497,301
Net income				43,393,601	43,393,601
Other comprehensive income, net of income tax			(3,829,556)		(3,829,556)
Cash dividends				(3,066,613)	(3,066,613)
Common stock conversions	$ 1,955	$ (1,955)
Common stock conversions (in shares)	39,100	(39,100)
Balance at Dec. 30, 2023	$ 726,809	$ 222,910	$ 9,404,075	$ 1,485,115,778	$ 1,495,469,572
Balance (in shares) at Dec. 30, 2023	14,536,175	4,458,201

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
Condensed Consolidated Statements of Cash Flows - USD ($)	Dec. 30, 2023	Dec. 24, 2022
Cash Flows From Operating Activities:
Net income	$ 43,393,601	$ 69,371,481
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	28,774,484	29,105,895
Non cash operating lease cost	1,717,656	2,630,759
Gain from sale or disposal of assets	(652,860)	(780,083)
Receipt of advance payments on purchases contracts	250,000	800,000
Recognition of advance payments on purchases contracts	(816,137)	(665,579)
Deferred income taxes	(1,379,000)	(1,421,000)
Changes in operating assets and liabilities:
Receivables	(9,177,044)	(23,664,766)
Inventory	(7,186,938)	(6,881,940)
Other assets	1,006,283	(3,759,603)
Operating lease liabilities	(1,716,273)	(2,629,380)
Accounts payable and accrued expenses	(38,672,293)	(4,842,782)
Net Cash Provided by Operating Activities	15,541,479	57,263,002
Cash Flows from Investing Activities:
Proceeds from sales of property and equipment	812,578	1,146,282
Capital expenditures	(63,200,544)	(59,336,642)
Net Cash Used by Investing Activities	(62,387,966)	(58,190,360)
Cash Flows from Financing Activities:
Principal payments on long-term borrowings	(3,437,500)	(7,625,680)
Repayment of finance lease	(155,342)
Dividends paid	(3,066,613)	(3,064,821)
Net Cash Used by Financing Activities	(6,659,455)	(10,690,501)
Net Decrease in Cash and Cash Equivalents	(53,505,942)	(11,617,859)
Cash and cash equivalents at beginning of period	328,539,922	267,198,517
Cash and Cash Equivalents at End of Period	$ 275,033,980	$ 255,580,658

Basis of Preparation

Basis of Preparation	3 Months Ended
Basis of Preparation	Dec. 30, 2023
Basis of Preparation [Abstract]
Basis of Preparation	A. BASIS OF PREPARATION In the opinion of management, the accompanying unaudited interim financial statements contain all adjustments necessary to present fairly the financial position as of December 30, 2023, and the results of operations, changes in stockholders’ equity and cash flows of Ingles Markets, Incorporated, a North Carolina corporation (“Ingles”, the “Company”, “we”, “us”, or “our”), for the three months ended December 30, 2023 and December 24, 2022. The adjustments made are of a normal recurring nature. Certain information and footnote disclosures included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission for Form 10-Q. It is suggested that these unaudited interim financial statements be read in conjunction with the audited financial statements and the notes thereto included in the Annual Report on Form 10-K for the year ended September 30, 2023, filed by the Company under the Securities Exchange Act of 1934, on November 29, 2023. The results of operations for the three months ended December 30, 2023 are not necessarily indicative of the results to be expected for the full fiscal year.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
New Accounting Pronouncements	Dec. 30, 2023
New Accounting Pronouncements [Abstract]
New Accounting Pronouncements	B. NEW ACCOUNTING PRONOUNCEMENTS In March 2020, the FASB issued ASU 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting .” The ASU provides optional guidance to ease the potential burden in accounting for reference rate reform on financial reporting in response to the risk of cessation of the London Interbank Offered Rate (“LIBOR”). This amendment provides for optional expedients and exceptions for applying generally accepted accounting principles to contracts and hedging relationships that are affected by LIBOR and other reference rates. The ASU generally allows for hedge accounting to continue if the hedge was highly effective or met other standards prior to reference rate reform. Entities are permitted to apply the amendments to all contracts, cash flow and net investment hedge relationships that existed as of March 12, 2020. The relief provided in this ASU extends through December 31, 2024. The U.S. Dollar LIBOR panel ceased following June 30, 2023, and the Company’s debt agreements and interest rate swaps that utilized LIBOR discontinued the use of LIBOR and adopted the Secured Overnight Financing Rate (“SOFR”), which did not materially impact our condensed consolidated unaudited interim financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Taxes Disclosures , which requires greater disaggregation of income tax disclosures. The new standard requires additional information to be disclosed with respect to the income tax rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU should be applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires companies to enhance the disclosures about segment expenses. The new standard requires the disclosure of the Company’s Chief Operating Decision Maker (“CODM”), expanded incremental line-item disclosures of significant segment expenses used by the CODM for decision-making, and the inclusion of previous annual only segment disclosure requirements on a quarterly basis. This ASU should be applied retrospectively for fiscal years beginning after December 15, 2023, and early adoption is permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements.

Short Term Investments

Short Term Investments	3 Months Ended
Short Term Investments	Dec. 30, 2023
Short Term Investments [Abstract]
Short Term Investments	C. SHORT TERM INVESTMENTS From time to time, the Company purchases financial products that can be readily converted into cash, and the Company accounts for such financial products as short-term investments. The financial products may include money market funds, bonds and mutual funds. The carrying values of the Company’s short-term investments approximate fair value because of their liquidity.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts	3 Months Ended
Allowance for Doubtful Accounts	Dec. 30, 2023
Allowance for Doubtful Accounts [Abstract]
Allowance for Doubtful Accounts	D. ALLOWANCE FOR DOUBTFUL ACCOUNTS Receivables are presented net of an allowance for doubtful accounts of $ 143,739 at December 30, 2023 and $ 143,753 at September 30, 2023.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Dec. 30, 2023
Income Taxes [Abstract]
Income Taxes	E. INCOME TAXES The Company’s effective tax rate differs from the federal statutory rate primarily as a result of state income taxes and tax credits. The Company has unrecognized tax benefits and could incur interest and penalties related to uncertain tax positions. These amounts are insignificant and are not expected to significantly increase or decrease within the next twelve months.

Accrued Expenses and Current Po

Accrued Expenses and Current Portion of Other Long-Term Liabilities	3 Months Ended
	Dec. 30, 2023
Accrued Expenses and Current Portion of Other Long-Term Liabilities [Abstract]
Accrued Expenses and Current Portion of Other Long-Term Liabilities	F. ACCRUED EXPENSES AND CURRENT PORTION OF OTHER LONG-TERM LIABILITIES Accrued expenses and current portion of other long-term liabilities consist of the following: December 30, September 30, 2023 2023 Property, payroll and other taxes payable $ 14,541,884 $ 25,203,091 Salaries, wages and bonuses payable 33,921,075 50,836,143 Self-insurance liabilities 15,159,445 13,974,358 Interest payable 1,611,244 5,111,666 Income taxes payable 7,007,426 — Other 5,230,531 5,610,526 Total $ 77,471,605 $ 100,735,784 Self-insurance liabilities are established for general liability claims, workers’ compensation, and employee group medical and dental benefits based on claims filed and estimates of claims incurred but not reported. The Company is currently insured for covered costs in excess of $ 1.0 million per occurrence for workers’ compensation and for general liability and $ 500,000 per covered person for medical care benefits for a policy year. The Company’s self-insurance reserves totaled $ 34.2 million at December 30, 2023. Of this amount, $ 15.2 million was accounted for as a current liability and $ 19.0 million as a long-term liability, which included $ 4.3 million of expected self-insurance recoveries from excess cost insurance or other sources that were recorded as a receivable. At September 30, 2023, the Company’s self-insurance reserves totaled $ 32.9 million, of which $ 14.0 million was accounted for as a current liability and $ 18.9 million as a long-term liability, which included $ 4.3 million of expected self-insurance recoveries from excess cost insurance or other sources that were recorded as a receivable. Employee insurance expense, including workers’ compensation and medical care benefits, net of employee contributions, totaled $ 13.1 million and $ 10.8 million for the three months ended December 30, 2023 and December 24, 2022, respectively. The Company’s fuel operations use underground tanks for the storage of gasoline and diesel fuel. The Company reviewed FASB Accounting Standards Codification Topic 410 (“FASB ASC 410”) and determined that we have a legal obligation to remove tanks at various times in the future and accordingly determined that we have met the requirements for an asset retirement obligation. The Company followed the FASB ASC 410 model for determining the asset retirement cost and asset retirement obligation. The amounts recorded were immaterial for each fuel center as well as in the aggregate, at December 30, 2023 and September 30, 2023.

Long-Term Debt

Long-Term Debt	3 Months Ended
Long-Term Debt	Dec. 30, 2023
Long-Term Debt [Abstract]
Long-Term Debt	G. LONG-TERM DEBT The U.S. Dollar LIBOR panel ceased following June 30, 2023, and the Company’s debt agreements and interest rate swaps that utilized LIBOR discontinued the use of LIBOR and adopted SOFR, which did not materially impact our condensed consolidated unaudited interim financial statements. In June 2021, the Company issued at par $ 350.0 million aggregate principal amount of 4.00 % senior notes due 2031 (the “Notes”). The Company may redeem all or a portion of the Notes at any time at the following redemption prices (expressed as percentages of the principal amount), if redeemed during the 12-month period beginning June 15 of the years indicated below: Year 2026 102.000 % 2027 101.333 % 2028 100.667 % 2029 and thereafter 100.000 % The Company has a $ 150.0 million line of credit (the “Line”) that matures in June 2026 . The Line provides the Company with various interest rate options based on the prime rate, the Federal Funds Rate or SOFR. The Line allows the Company to issue up to $ 10.0 million of letters of credit, of which none were issued at December 30, 2023. The Company is not required to maintain compensating balances in connection with the Line. At December 30, 2023, the Company had no borrowings outstanding under the Line. In December 2010, the Company completed the funding of $ 99.7 million of bonds (the “ Bonds”) for construction of new warehouse and distribution space adjacent to its existing space in Buncombe County, North Carolina (the “Project”). The final maturity date of the Bonds is January 1, 2036 . Under a Continuing Covenant and Collateral Agency Agreement (the “Covenant Agreement”) between certain financial institutions and the Company, the financial institutions would hold the Bonds until December 2029, subject to certain events. Mandatory redemption of the Bonds by the Company in the annual amount of $ 4.5 million began on January 1, 2014 . The outstanding balance of the Bonds was $ 54.4 million as of December 30, 2023. The Company may redeem the Bonds without penalty or premium at any time prior to December 17, 2029 . Interest earned by bondholders on the Bonds is exempt from Federal and North Carolina income taxation. The interest rate on the Bonds is equal to one-month SOFR (adjusted monthly) plus a credit spread, adjusted to reflect the income tax exemption. The Company’s obligation to repay the Bonds is collateralized by the Project. The Covenant Agreement incorporates substantially all financial covenants included in the Line. In September 2017, the Company refinanced approximately $ 60 million of secured borrowing obligations with a SOFR-based amortizing floating rate loan secured by real estate, which matures in October 2027. The Company has an interest rate swap agreement for a current notional amount of $ 23.0 million at a fixed rate of 3.962 %. Under this agreement, the Company pays monthly the fixed rate of 3.962 % and receives the one-month SOFR plus 1.75 %. The interest rate swap effectively hedges floating rate debt in the same amount as the current notional amount of the interest swap. Both the floating rate debt and the interest rate swap have monthly principal amortization of $ 0.5 million and mature October 1, 2027 . In December 2019, the Company closed a $ 155 million SOFR-based amortizing floating rate loan secured by real estate, which matures in January 2030 . The Company has an interest rate swap agreement for a current notional amount of $ 122.7 million at a fixed rate of 2.998 %. Under this agreement, the Company pays monthly the fixed rate of 2.998 % and receives the one-month SOFR plus 1.60 %. The interest rate swap effectively hedges floating rate debt in the same amount as the current notional amount of the interest swap. Both the floating rate debt and the interest rate swap have monthly principal amortization of $ 0.65 million and mature in fiscal year 2030. The Company recognizes differences between the variable rate interest payments and the fixed interest rate settlements with the swap counterparties as an adjustment to interest expense each period over the life of the swaps. The Company has designated the swaps as cash flow hedges and records the changes in the estimated fair value of the swaps to other comprehensive income each period. For the three months ended December 30, 2023, the Company recorded $ 3.8 million of other comprehensive loss, net of income taxes, in its Condensed Consolidated Statements of Comprehensive Income. Unrealized gains of $ 12.4 million were included as an asset at fair value in the line “Other Assets” on the Condensed Consolidated Balance Sheet as of December 30, 2023. The Company’s long-term debt agreements generally contain provisions that under certain circumstances would permit lending institutions to terminate or withdraw their respective extensions of credit to the Company. Included among the triggering factors permitting the termination or withdrawal of the Line to the Company are certain events of default, including both monetary and non-monetary defaults, the initiation of bankruptcy or insolvency proceedings, and the failure of the Company to meet certain financial covenants designated in its respective loan documents. The Company was in compliance with all financial covenants at December 30, 2023. The Company’s long-term debt agreements generally have cross-default provisions which could result in the acceleration of payments due under all long-term debt agreements in the event of default under any one instrument. At December 30, 2023, property and equipment with an undepreciated cost of approximately $ 254.8 million were pledged as collateral for long-term debt. Long-term debt and Line agreements contain various restrictive covenants requiring, among other things, minimum levels of net worth and maintenance of certain financial ratios. At December 30, 2023, the Company had excess net worth totaling $ 484.4 million calculated under covenants in the Bonds, various floating rate loans (the “Loans”), and the Line. This amount is available to pay dividends; however, certain loan agreements containing provisions outlining minimum tangible net worth requirements restrict the ability of the Company to pay cash dividends in excess of the current annual per share dividends paid on the Company’s Class A Common Stock and Class B Common Stock. Further, the Company is prevented from paying cash dividends at any time that it is in default under the indenture governing the Notes. In addition, the terms of the indenture may restrict the ability of the Company to pay additional cash dividends based on certain financial parameters.

Dividends

Dividends	3 Months Ended
Dividends	Dec. 30, 2023
Dividends [Abstract]
Dividends	H. DIVIDENDS The Company paid cash dividends of $ 0.165 for each share of Class A Common Stock and $ 0.15 for each share of Class B Common Stock on October 19, 2023 to stockholders of record on October 12, 2023 . For additional information regarding the dividend rights of the Class A Common Stock and Class B Common Stock, please see Note 8, “Stockholders’ Equity” to the Consolidated Financial Statements contained in the Company’s Annual Report on Form 10-K filed by the Company under the Securities Exchange Act of 1934, on November 29, 2023.

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
Earnings Per Common Share	Dec. 30, 2023
Earnings Per Common Share [Abstract]
Earnings Per Common Share	I. EARNINGS PER COMMON SHARE The Company has two classes of common stock: Class A Common Stock which is publicly traded, and Class B Common Stock, which has no public market. The Class B Common Stock has restrictions on transfer; however, each share is convertible into one share of Class A Common Stock at any time . Each share of Class A Common Stock has one vote per share and each share of Class B Common Stock has ten votes per share . Each share of Class A Common Stock is entitled to receive cash dividends equal to 110 % of any cash dividend paid on Class B Common Stock. The Company calculates earnings per share using the two-class method in accordance with FASB ASC Topic 260. The two-class method of computing basic earnings per share for each period reflects the cash dividends declared per share for each class of stock, plus allocated undistributed earnings per share computed using the participation percentage which reflects the dividend rights of each class of stock. Diluted earnings per share is calculated assuming the conversion of all shares of Class B Common Stock to shares of Class A Common Stock on a share-for-share basis. The tables below reconcile the numerators and denominators of basic and diluted earnings per share for current and prior periods. Three Months Ended Three Months Ended December 30, 2023 December 24, 2022 Class A Class B Class A Class B Numerator: Allocated net income Net income allocated, basic $ 33,889,419 $ 9,504,182 $ 53,708,852 $ 15,662,629 Conversion of Class B to Class A shares 9,504,182 — 15,662,629 — Net income allocated, diluted $ 43,393,601 $ 9,504,182 $ 69,371,481 $ 15,662,629 Denominator: Weighted average shares outstanding Weighted average shares outstanding, basic 14,517,696 4,476,680 14,381,312 4,613,064 Conversion of Class B to Class A shares 4,476,680 — 4,613,064 — Weighted average shares outstanding, diluted 18,994,376 4,476,680 18,994,376 4,613,064 Earnings per share Basic $ 2.33 $ 2.12 $ 3.73 $ 3.40 Diluted $ 2.28 $ 2.12 $ 3.65 $ 3.40

Leases

Leases	3 Months Ended
Leases	Dec. 30, 2023
Leases [Abstract]
Leases	J. LEASES Leases as Lessee The Company conducts part of its retail operations from leased facilities. The initial terms of the leases are generally 20 years. The majority of the leases include one or more renewal options and require that the Company pay property taxes, utilities, repairs and certain other costs incidental to occupation of the premises. Several leases contain clauses that require rental payments based on a percentage of gross sales of the supermarket occupying the leased space. Step rent provisions, escalation clauses and lease incentives are taken into account in computing minimum lease payments. Operating Leases – Rent expense for all operating leases totaled $ 2.4 million for the three months ended December 30, 2023. This amount included short-term (less than one year) leases, common area expenses, and variable lease costs, all of which were insignificant. Cash paid for lease liabilities in operating activities approximates operating lease cost. Finance Leases – Finance lease cost of $ 210.0 thousand included amortization expense of $ 178.5 thousand, which was included in operating and administrative expense, and $ 54.7 thousand of interest expense for the three months ended December 30, 2023. Future maturities of lease liabilities as of December 30, 2023 were as follows: Fiscal Year Operating Leases Finance Leases Remainder of 2024 $ 6,370,366 $ 630,000 2025 7,744,643 840,000 2026 6,583,312 840,000 2027 5,823,729 840,000 2028 4,281,763 840,000 Thereafter 19,744,204 101,500 Total lease payments $ 50,548,017 $ 4,091,500 Less amount representing interest 11,181,366 551,344 Present value of lease liabilities $ 39,366,651 $ 3,540,156 There were no lease extensions exercised to increase the line items “Operating lease right of use assets” and “Noncurrent operating lease liabilities” on the Condensed Consolidated Balance Sheets during the three months ended December 30, 2023. At December 30, 2023, the weighted average remaining lease term for the Company’s operating leases was 13.0 years. The weighted average discount rate used to determine the operating lease liability balances as of December 30, 2023 was 5.6 %, and was 6.0 % for finance lease liability balances. Leases as Lessor At December 30, 2023, the Company owned and operated 96 shopping centers in conjunction with its supermarket operations. The Company leases to others a portion of its shopping center properties. The leases are non-cancelable operating lease agreements for terms ranging up to 20 years. Rental income is included in the line item “Net sales” on the Consolidated Statements of Income. Depreciation on owned properties leased to others and other shopping center expenses are included in the line item “Cost of goods sold” on the Consolidated Statements of Income. Three Months Ended December 30, 2023 Rents earned on owned and subleased properties: Base rentals $ 6,881,658 Variable rentals 50,956 Total 6,932,614 Depreciation on owned properties leased to others ( 1,996,250 ) Other shopping center expenses ( 789,604 ) Total $ 4,146,760 Future minimum operating lease receipts at December 30, 2023 were as follows: Fiscal Year Remainder of 2024 $ 14,872,994 2025 18,259,167 2026 14,703,033 2027 11,473,245 2028 8,751,955 Thereafter 29,603,922 Total minimum future rental income $ 97,664,316

Segment Information

Segment Information	3 Months Ended
Segment Information	Dec. 30, 2023
Segment Information [Abstract]
Segment Information	K. SEGMENT INFORMATION The Company operates one primary business segment, retail grocery sales. “Other” includes our remaining operations – fluid dairy and shopping center rentals. Information about the Company’s operations by lines of business (amounts in thousands) is as follows: Three Months Ended December 30, December 24, 2023 2022 Revenues from unaffiliated customers: Grocery $ 521,805 $ 540,859 Non-foods 358,098 327,355 Perishables 367,983 374,188 Fuel 177,887 192,472 Total Retail $ 1,425,773 $ 1,434,874 Other 55,289 58,440 Total revenues from unaffiliated customers $ 1,481,062 $ 1,493,314 Income from operations: Retail $ 53,390 $ 87,915 Other 6,237 7,841 Total income from operations $ 59,627 $ 95,756 December 30, September 30, 2023 2023 Assets: Retail $ 2,136,466 $ 2,159,883 Other 324,290 317,479 Elimination of intercompany receivable ( 1,899 ) ( 3,516 ) Total assets $ 2,458,857 $ 2,473,846 The “Grocery” category includes grocery, dairy, and frozen foods. The “Non-foods” category includes alcoholic beverages, tobacco, pharmacy, and health/beauty/cosmetic products. The “Perishables” category includes meat, produce, deli and bakery. The fluid dairy operation sales to the grocery sales segment have been eliminated in consolidation and are excluded from the amounts in the table above.

Fair Values of Financial Instru

Fair Values of Financial Instruments	3 Months Ended
Fair Values of Financial Instruments	Dec. 30, 2023
Fair Values of Financial Instruments [Abstract]
Fair Values of Financial Instruments	L. FAIR VALUES OF FINANCIAL INSTRUMENTS The carrying amounts for cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturity of these instruments. The fair value of the Company’s debt and interest rate swaps are estimated using valuation techniques under the accounting guidance related to fair value measurements based on observable and unobservable inputs. Observable inputs reflect readily available data from independent sources, while unobservable inputs reflect the Company’s market assumptions. These inputs are classified into the following hierarchy: Level 1 Inputs – Quoted prices for identical assets or liabilities in active markets. Level 2 Inputs – Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 Inputs – Pricing inputs are unobservable for the assets or liabilities and include situations where there is little, if any, market activity for the assets or liabilities. The inputs into the determination of fair value require significant management judgment or estimation. The carrying amount and fair value of the Company’s debt, interest rate swaps, and non-qualified retirement plan assets at December 30, 2023 were as follows (in thousands): Carrying Fair Value Amount Fair Value Measurements Senior Notes due 2031 $ 350,000 $ 308,875 Level 2 Facility Bonds due 2036 54,440 54,440 Level 2 Secured notes payable and other 142,456 142,456 Level 2 Interest rate swaps derivative contract assets 12,447 12,447 Level 2 Non-qualified retirement plan assets 23,330 23,330 Level 2 The carrying amount and fair value of the Company’s debt, interest rate swaps, and non-qualified retirement plan assets at September 30, 2023 were as follows (in thousands): Carrying Fair Value Amount Fair Value Measurements Senior Notes due 2031 $ 350,000 $ 287,875 Level 2 Facility Bonds due 2036 54,440 54,440 Level 2 Secured notes payable and other 145,718 145,718 Level 2 Interest rate swaps derivative contract assets 17,515 17,515 Level 2 Non-qualified retirement plan assets 20,074 20,074 Level 2 The fair values for Level 2 measurements were determined primarily using market yields and taking into consideration the underlying terms of the instrument.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Dec. 30, 2023
Commitments and Contingencies [Abstract]
Commitments and Contingencies	M. COMMITMENTS AND CONTINGENCIES Various legal proceedings and claims arising in the ordinary course of business are pending against the Company. In the opinion of management, the ultimate liability, if any, from all pending legal proceedings and claims is not expected to materially affect the Company’s financial position, the results of its operations, or its cash flows.

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Dec. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	N. RELATED PARTY TRANSACTIONS The Company will from time to time make short-term non-interest bearing loans to the Company’s Investment/Profit Sharing Plan to allow the plan to meet distribution obligations during a time when the plan was prohibited from selling shares of the Company’s Class A Common Stock. During the three months ended December 30, 2023, the outstanding loan of $ 330,000 as of September 30, 2023 was repaid to the Company. In January 2024, the Company and a limited liability company having Mr. Robert P. Ingle II, the Company’s Chairman of the Board, as one of its principals swapped adjoining properties. In accordance with the Company’s Related Party Transaction policy, independent fair market value appraisals were obtained and the transaction was approved by the Audit Committee. The Company received $ 2.3 million in addition to the swapped property based on these values.

Accrued Expenses and Current _2

Accrued Expenses and Current Portion of Other Long-Term Liabilities (Tables)	3 Months Ended
	Dec. 30, 2023
Accrued Expenses and Current Portion of Other Long-Term Liabilities [Abstract]
Accrued Expenses and Current Portion of Other Long-Term Liabilities	December 30, September 30, 2023 2023 Property, payroll and other taxes payable $ 14,541,884 $ 25,203,091 Salaries, wages and bonuses payable 33,921,075 50,836,143 Self-insurance liabilities 15,159,445 13,974,358 Interest payable 1,611,244 5,111,666 Income taxes payable 7,007,426 — Other 5,230,531 5,610,526 Total $ 77,471,605 $ 100,735,784

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
Long-Term Debt (Tables)	Dec. 30, 2023
Long-Term Debt [Abstract]
Schedule of Redemption Prices of Senior Notes	Year 2026 102.000 % 2027 101.333 % 2028 100.667 % 2029 and thereafter 100.000 %

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
Earnings Per Common Share (Tables)	Dec. 30, 2023
Earnings Per Common Share [Abstract]
Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share	Three Months Ended Three Months Ended December 30, 2023 December 24, 2022 Class A Class B Class A Class B Numerator: Allocated net income Net income allocated, basic $ 33,889,419 $ 9,504,182 $ 53,708,852 $ 15,662,629 Conversion of Class B to Class A shares 9,504,182 — 15,662,629 — Net income allocated, diluted $ 43,393,601 $ 9,504,182 $ 69,371,481 $ 15,662,629 Denominator: Weighted average shares outstanding Weighted average shares outstanding, basic 14,517,696 4,476,680 14,381,312 4,613,064 Conversion of Class B to Class A shares 4,476,680 — 4,613,064 — Weighted average shares outstanding, diluted 18,994,376 4,476,680 18,994,376 4,613,064 Earnings per share Basic $ 2.33 $ 2.12 $ 3.73 $ 3.40 Diluted $ 2.28 $ 2.12 $ 3.65 $ 3.40

Leases (Tables)

Leases (Tables)	3 Months Ended
Leases (Tables)	Dec. 30, 2023
Leases [Abstract]
Maturities of Lease Liabilities	Fiscal Year Operating Leases Finance Leases Remainder of 2024 $ 6,370,366 $ 630,000 2025 7,744,643 840,000 2026 6,583,312 840,000 2027 5,823,729 840,000 2028 4,281,763 840,000 Thereafter 19,744,204 101,500 Total lease payments $ 50,548,017 $ 4,091,500 Less amount representing interest 11,181,366 551,344 Present value of lease liabilities $ 39,366,651 $ 3,540,156
Schedule of Rental Income	Three Months Ended December 30, 2023 Rents earned on owned and subleased properties: Base rentals $ 6,881,658 Variable rentals 50,956 Total 6,932,614 Depreciation on owned properties leased to others ( 1,996,250 ) Other shopping center expenses ( 789,604 ) Total $ 4,146,760
Future Minimum Operating Lease Receipts	Fiscal Year Remainder of 2024 $ 14,872,994 2025 18,259,167 2026 14,703,033 2027 11,473,245 2028 8,751,955 Thereafter 29,603,922 Total minimum future rental income $ 97,664,316

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Dec. 30, 2023
Segment Information [Abstract]
Operations by Lines of Business	Three Months Ended December 30, December 24, 2023 2022 Revenues from unaffiliated customers: Grocery $ 521,805 $ 540,859 Non-foods 358,098 327,355 Perishables 367,983 374,188 Fuel 177,887 192,472 Total Retail $ 1,425,773 $ 1,434,874 Other 55,289 58,440 Total revenues from unaffiliated customers $ 1,481,062 $ 1,493,314 Income from operations: Retail $ 53,390 $ 87,915 Other 6,237 7,841 Total income from operations $ 59,627 $ 95,756 December 30, September 30, 2023 2023 Assets: Retail $ 2,136,466 $ 2,159,883 Other 324,290 317,479 Elimination of intercompany receivable ( 1,899 ) ( 3,516 ) Total assets $ 2,458,857 $ 2,473,846

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	3 Months Ended
Fair Values of Financial Instruments (Tables)	Dec. 30, 2023
Fair Values of Financial Instruments [Abstract]
Carrying Amount and Fair Value of Debt, Interest Rate Swap and Non-Qualified Plan Assets	Carrying Fair Value Amount Fair Value Measurements Senior Notes due 2031 $ 350,000 $ 308,875 Level 2 Facility Bonds due 2036 54,440 54,440 Level 2 Secured notes payable and other 142,456 142,456 Level 2 Interest rate swaps derivative contract assets 12,447 12,447 Level 2 Non-qualified retirement plan assets 23,330 23,330 Level 2 The carrying amount and fair value of the Company’s debt, interest rate swaps, and non-qualified retirement plan assets at September 30, 2023 were as follows (in thousands): Carrying Fair Value Amount Fair Value Measurements Senior Notes due 2031 $ 350,000 $ 287,875 Level 2 Facility Bonds due 2036 54,440 54,440 Level 2 Secured notes payable and other 145,718 145,718 Level 2 Interest rate swaps derivative contract assets 17,515 17,515 Level 2 Non-qualified retirement plan assets 20,074 20,074 Level 2

Allowance for Doubtful Accoun_2

Allowance for Doubtful Accounts (Narrative) (Details) - USD ($)	Dec. 30, 2023	Sep. 30, 2023
Allowance for Doubtful Accounts [Abstract]
Allowance for doubtful accounts	$ 143,739	$ 143,753

Accrued Expenses and Current _3

Accrued Expenses and Current Portion of Other Long-Term Liabilities (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 30, 2023	Dec. 24, 2022	Sep. 30, 2023
Accrued Expenses and Current Portion of Other Long-Term Liabilities [Abstract]
Workers' compensation per occurrence covered under insurance cost	$ 1,000
Medical care benefits per person covered under insurance cost	500
Self insurance liabilities	34,200		$ 32,900
Self insurance liabilities, current	15,200		14,000
Self insurance liabilities, noncurrent	19,000		18,900
Receivable for expected self-insurance recoveries from excess cost insurance	4,300		$ 4,300
Employee insurance expense	$ 13,100	$ 10,800

Accrued Expenses and Current _4

Accrued Expenses and Current Portion of Other Long-Term Liabilities (Accrued Expenses and Current Portion of Other Long-Term Liabilities) (Details) - USD ($)	Dec. 30, 2023	Sep. 30, 2023
Accrued Expenses and Current Portion of Other Long-Term Liabilities [Abstract]
Property, payroll and other taxes payable	$ 14,541,884	$ 25,203,091
Salaries, wages and bonuses payable	33,921,075	50,836,143
Self-insurance liabilities	15,159,445	13,974,358
Interest payable	1,611,244	5,111,666
Income taxes payable	7,007,426
Other	5,230,531	5,610,526
Total accrued expenses and current portion of other long-term liabilities	$ 77,471,605	$ 100,735,784

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) - USD ($)		1 Months Ended	3 Months Ended
Long-Term Debt (Narrative) (Details) - USD ($)	Dec. 31, 2019	Jun. 30, 2021	Dec. 30, 2023	Dec. 24, 2022	Sep. 30, 2017	Dec. 31, 2010
Debt Instrument [Line Items]
Property and equipment with undepreciated cost pledge as collateral for long term debt			$ 254,800,000
Excess net worth calculated under covenants in the Notes, the Bonds, and the Line			484,400,000
Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility borrowing capacity			150,000,000
Borrowings outstanding			$ 0
Debt maturity date			Jun. 01, 2026
Letter of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility borrowing capacity			$ 10,000,000
Borrowings outstanding			0
Cash Flow Hedging [Member]
Debt Instrument [Line Items]
Other comprehensive loss, net of income taxes			3,800,000
Unrealized gains (losses) on cash flow hedge				$ 12,400,000
Senior Notes, Maturing 2031 [Member]
Debt Instrument [Line Items]
Debt instrument principal amount		$ 350,000,000
Debt instrument stated interest rate		4%
Maturity period of senior notes		2031
Secured Debt Maturing October 2027 [Member]
Debt Instrument [Line Items]
Secured borrowing					$ 60,000,000
Secured Debt Maturing October 2027 [Member] \| Interest Rate Swap [Member]
Debt Instrument [Line Items]
Derivative notional amount			$ 23,000,000
Derivative, fixed interest rate			3.962%
Monthly principal amortization			$ 500,000
Derivative maturity date			Oct. 01, 2027
Secured Debt Maturing October 2027 [Member] \| Interest Rate Swap [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate			1.75%
Secured Debt Maturing January 2030 [Member]
Debt Instrument [Line Items]
Debt maturity date	Jan. 01, 2030
Derivative notional amount	$ 155,000,000
Secured Debt Maturing January 2030 [Member] \| Interest Rate Swap [Member]
Debt Instrument [Line Items]
Derivative notional amount	$ 122,700,000
Derivative, fixed interest rate	2.998%
Monthly principal amortization	$ 650,000
Secured Debt Maturing January 2030 [Member] \| Interest Rate Swap [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate	1.60%
Recovery Zone Facility Bonds [Member]
Debt Instrument [Line Items]
Debt maturity date			Jan. 01, 2036
Annual amount of redemption of bonds			$ 4,500,000
Mandatory bonds redemption beginning period			Jan. 01, 2014
Mandatory bonds redemption period end date			Dec. 17, 2029
Total amount of bonds funded			$ 54,400,000			$ 99,700,000

Long-Term Debt (Schedule of Red

Long-Term Debt (Schedule of Redemption Prices of Senior Notes) (Details)	3 Months Ended
	Dec. 30, 2023
2026 [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price as percentage of principal amount	102%
2027 [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price as percentage of principal amount	101.333%
2028 [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price as percentage of principal amount	100.667%
2029 and Thereafter [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price as percentage of principal amount	100%

Dividends (Narrative) (Details)

Dividends (Narrative) (Details) - $ / shares		3 Months Ended
Dividends (Narrative) (Details) - $ / shares	Oct. 13, 2022	Dec. 30, 2023	Dec. 24, 2022
Class A Common Stock [Member]
Dividends Payable [Line Items]
Cash dividends per share of common stock		$ 0.165	$ 0.165
Class B Common Stock [Member]
Dividends Payable [Line Items]
Cash dividends per share of common stock		$ 0.150	$ 0.150
Dividend 1 [Member]
Dividends Payable [Line Items]
Dividend payment date		Oct. 19, 2023
Dividend record date		Oct. 12, 2023
Dividend 1 [Member] \| Class A Common Stock [Member]
Dividends Payable [Line Items]
Cash dividends per share of common stock	$ 0.165
Dividend 1 [Member] \| Class B Common Stock [Member]
Dividends Payable [Line Items]
Cash dividends per share of common stock	$ 0.15

Earnings Per Common Share (Narr

Earnings Per Common Share (Narrative) (Details)	3 Months Ended
Earnings Per Common Share (Narrative) (Details)	Dec. 30, 2023 item
Earnings Per Share [Line Items]
Number of classes of common stock	2
Conversion feature for Class B Common Stock	each share is convertible into one share of Class A Common Stock at any time
Voting rights for shareholders	Each share of Class A Common Stock has one vote per share and each share of Class B Common Stock has ten votes per share
Percentage of cash dividend on Class B Common Stock entitled to receive for each share of Class A Common Stock	110%
Class A Common Stock [Member]
Earnings Per Share [Line Items]
Number of votes for common stock	1
Class B Common Stock [Member]
Earnings Per Share [Line Items]
Number of votes for common stock	10

Earnings Per Common Share (Reco

Earnings Per Common Share (Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share) (Details) - USD ($)	3 Months Ended
	Dec. 30, 2023	Dec. 24, 2022
Class A Common Stock [Member]
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share [Line Items]
Net income allocated, basic	$ 33,889,419	$ 53,708,852
Conversion of Class B to Class A shares	9,504,182	15,662,629
Net income allocated, diluted	$ 43,393,601	$ 69,371,481
Weighted average shares outstanding, basic	14,517,696	14,381,312
Conversion of Class B to Class A shares	4,476,680	4,613,064
Weighted average shares outstanding, diluted	18,994,376	18,994,376
Earnings per share, Basic	$ 2.33	$ 3.73
Earnings per share, Diluted	$ 2.28	$ 3.65
Class B Common Stock [Member]
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share [Line Items]
Net income allocated, basic	$ 9,504,182	$ 15,662,629
Net income allocated, diluted	$ 9,504,182	$ 15,662,629
Weighted average shares outstanding, basic	4,476,680	4,613,064
Weighted average shares outstanding, diluted	4,476,680	4,613,064
Earnings per share, Basic	$ 2.12	$ 3.40
Earnings per share, Diluted	$ 2.12	$ 3.40

Leases (Narrative) (Details)

Leases (Narrative) (Details)	3 Months Ended
Leases (Narrative) (Details)	Dec. 30, 2023 USD ($) item
Leases [Abstract]
Initial terms of leases	20 years
Operating lease cost	$ 2,400,000
Number of shopping centers owned and operated \| item	96
Lessor non-cancelable operating lease agreements	20 years
Finance lease cost	$ 210,000,000
Finance lease, amortization expense	178,500,000
Finance lease, interest expense	54,700,000
Lease extension exercised, increase in operating lease assets and liabilities	$ 0
Operating lease weighted average remaining lease term	13 years
Operating lease weighted average discount rate	5.60%
Finance lease weighted average discount rate	6%

Leases (Maturities of Lease Lia

Leases (Maturities of Lease Liabilities) (Details)	Dec. 30, 2023 USD ($)
Operating Leases
Remainder of 2024	$ 6,370,366
2025	7,744,643
2026	6,583,312
2027	5,823,729
2028	4,281,763
Thereafter	19,744,204
Total lease payments	50,548,017
Less amount representing interest	11,181,366
Present value of lease liabilities	39,366,651
Finance Leases
Remainder of 2024	630,000
2025	840,000
2026	840,000
2027	840,000
2028	840,000
Thereafter	101,500
Total lease payments	4,091,500
Less amount representing interest	551,344
Present value of lease liabilities	$ 3,540,156

Leases (Schedule of Rental Inco

Leases (Schedule of Rental Income) (Details)	3 Months Ended
Leases (Schedule of Rental Income) (Details)	Dec. 30, 2023 USD ($)
Property Held for Lease and Rental Income [Abstract]
Base rentals	$ 6,881,658
Variable rentals	50,956
Total	6,932,614
Depreciation on owned properties leased to others	(1,996,250)
Other shopping center expenses	(789,604)
Total	$ 4,146,760

Leases (Future Minimum Operatin

Leases (Future Minimum Operating Lease Receipts) (Details)	Dec. 30, 2023 USD ($)
Property Held for Lease and Rental Income [Abstract]
Remainder of 2024	$ 14,872,994
2025	18,259,167
2026	14,703,033
2027	11,473,245
2028	8,751,955
Thereafter	29,603,922
Total minimum future rental income	$ 97,664,316

Segment Information (Narrative)

Segment Information (Narrative) (Details)	3 Months Ended
Segment Information (Narrative) (Details)	Dec. 30, 2023 segment
Segment Information [Abstract]
Number of operating segments	1

Segment Information (Operations

Segment Information (Operations by Lines of Business) (Details) - USD ($)	3 Months Ended
	Dec. 30, 2023	Dec. 24, 2022	Sep. 30, 2023
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	$ 1,481,061,830	$ 1,493,314,107
Total income from operations	59,627,409	95,755,716
Total assets	2,458,856,871		$ 2,473,845,733
Total capital expenditures	63,200,544	59,336,642
Total depreciation and amortization	28,774,484	29,105,895
Elimination of Intercompany Receivable [Member]
Segment Reporting Information By Segment [Line Items]
Total assets	(1,899,000)		(3,516,000)
Retail Segment [Member] \| Operating Segments [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	1,425,773,000	1,434,874,000
Total income from operations	53,390,000	87,915,000
Total assets	2,136,466,000		2,159,883,000
Grocery [Member] \| Operating Segments [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	521,805,000	540,859,000
Non-foods [Member] \| Operating Segments [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	358,098,000	327,355,000
Perishables [Member] \| Operating Segments [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	367,983,000	374,188,000
Fuel [Member] \| Operating Segments [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	177,887,000	192,472,000
Other Segment [Member] \| Operating Segments [Member]
Segment Reporting Information By Segment [Line Items]
Total revenues from unaffiliated customers	55,289,000	58,440,000
Total income from operations	6,237,000	$ 7,841,000
Total assets	$ 324,290,000		$ 317,479,000

Fair Values of Financial Inst_3

Fair Values of Financial Instruments (Carrying Amount and Fair Value of Debt, Interest Rate Swap and Non-Qualified Plan Assets) (Details) - Level 2 [Member] - USD ($) $ in Thousands	Dec. 30, 2023	Sep. 30, 2023
Carrying Amount [Member] \| Interest Rate Swap [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	$ 12,447	$ 17,515
Carrying Amount [Member] \| Non-Qualified Retirement Plan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Retirement plan assets	23,330	20,074
Fair Value [Member] \| Interest Rate Swap [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	12,447	17,515
Fair Value [Member] \| Non-Qualified Retirement Plan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Retirement plan assets	23,330	20,074
Senior Notes Due 2031 [Member] \| Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	350,000	350,000
Senior Notes Due 2031 [Member] \| Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	308,875	287,875
Facility Bonds Due 2036 [Member] \| Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	54,440	54,440
Facility Bonds Due 2036 [Member] \| Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	54,440	54,440
Secured Notes Payable and Other [Member] \| Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	142,456	145,718
Secured Notes Payable and Other [Member] \| Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 142,456	$ 145,718

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended
Related Party Transactions (Narrative) (Details) - USD ($)	Jan. 31, 2024	Dec. 30, 2023	Dec. 24, 2022
Related Party Transaction [Line Items]
Capital expenditure		$ 63,200,544	$ 59,336,642
Investment Profit Sharing Plan [Member]
Related Party Transaction [Line Items]
Short-term non-interest bearing loans		$ 330,000
Subsequent Event [Member] \| Robert P. Ingle II, Chairman of Board [Member]
Related Party Transaction [Line Items]
Amount received in addition to swapped property	$ 2,300,000

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 30, 2023
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false