<ARTICLE> 5 <LEGEND> Exhibit 27.1 Restated Financial Data Schedule for the quarter ended December 27, 1997. 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> <RESTATED> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> SEP-26-1998<F1> <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 <FN> <F1>The above Financial Data Schedule has been restated to include the information required by Regulation S-K, Item 601(c)(2)(iii) as a result of an accounting principle change pursuant to FAS 128. </FN>