<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF INGLES MARKETS, INCORPORATED FOR THE YEAR ENDED SEPTEMBER 26, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> SEP-26-1998 <PERIOD-START> SEP-28-1997 <PERIOD-END> SEP-26-1998 <CASH> 19,121,409 <SECURITIES> 0 <RECEIVABLES> 20,830,615 <ALLOWANCES> 158,643 <INVENTORY> 151,222,136 <CURRENT-ASSETS> 196,039,433 <PP&E> 931,410,464 <DEPRECIATION> 269,638,282 <TOTAL-ASSETS> 862,786,965 <CURRENT-LIABILITIES> 176,968,310 <BONDS> 427,414,169 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,118,287 <OTHER-SE> 217,117,456 <TOTAL-LIABILITY-AND-EQUITY> 862,786,965 <SALES> 1,647,151,548 <TOTAL-REVENUES> 1,659,921,587 <CGS> 1,238,470,676 <TOTAL-COSTS> 1,244,064,278 <OTHER-EXPENSES> (2,428,139) <LOSS-PROVISION> 87,000 <INTEREST-EXPENSE> 40,117,302 <INCOME-PRETAX> 6,463,424 <INCOME-TAX> 2,300,000 <INCOME-CONTINUING> 4,163,424 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,163,424 <EPS-PRIMARY> 0.19 <EPS-DILUTED> 0.19