<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF INGLES MARKETS, INCORPORATED FOR THE THREE MONTHS ENDED DECEMBER 26, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> SEP-25-1999 <PERIOD-START> SEP-27-1998 <PERIOD-END> DEC-26-1998 <CASH> 19,896,307 <SECURITIES> 0 <RECEIVABLES> 25,524,795 <ALLOWANCES> 182,637 <INVENTORY> 154,746,943 <CURRENT-ASSETS> 205,308,435 <PP&E> 943,653,795 <DEPRECIATION> 280,550,674 <TOTAL-ASSETS> 873,055,888 <CURRENT-LIABILITIES> 235,088,489 <BONDS> 379,776,489 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,118,887 <OTHER-SE> 217,789,513 <TOTAL-LIABILITY-AND-EQUITY> 873,055,888 <SALES> 453,341,284 <TOTAL-REVENUES> 457,070,513 <CGS> 342,753,517 <TOTAL-COSTS> 344,311,658 <OTHER-EXPENSES> (403,079) <LOSS-PROVISION> 24,000 <INTEREST-EXPENSE> 10,438,115 <INCOME-PRETAX> 6,469,679 <INCOME-TAX> 2,400,000 <INCOME-CONTINUING> 4,069,679 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,069,679 <EPS-PRIMARY> 0.18 <EPS-DILUTED> 0.18