<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM INGLES MARKETS, INCORPORATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED DECEMBER 27, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> SEP-26-1998 <PERIOD-START> SEP-28-1997 <PERIOD-END> DEC-27-1997 <CASH> 24,664,750 <SECURITIES> 0 <RECEIVABLES> 22,325,483 <ALLOWANCES> 112,431 <INVENTORY> 141,758,248 <CURRENT-ASSETS> 193,133,083 <PP&E> 889,270,514 <DEPRECIATION> 250,621,272 <TOTAL-ASSETS> 840,004,367 <CURRENT-LIABILITIES> 195,970,883 <BONDS> 394,410,225 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,093,187 <OTHER-SE> 221,460,494 <TOTAL-LIABILITY-AND-EQUITY> 840,004,367 <SALES> 403,048,256 <TOTAL-REVENUES> 405,700,431 <CGS> 305,527,353 <TOTAL-COSTS> 306,750,319 <OTHER-EXPENSES> (201,267) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 9,049,595 <INCOME-PRETAX> 4,615,005 <INCOME-TAX> 1,775,000 <INCOME-CONTINUING> 2,840,005 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,840,005 <EPS-PRIMARY> .13 <EPS-DILUTED> .13