The Fresh Market Earnings: Here’s Why Investors Like These Results
The Fresh Market, Inc. (NASDAQ:TFM) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 4.16%.
The Fresh Market, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15% to $0.46 in the quarter versus EPS of $0.40 in the year-earlier quarter.
Revenue: Rose 12.88% to $366.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Fresh Market, Inc. reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.44. It missed the average revenue estimate of $369.69 million.
Quoting Management: Craig Carlock, President and Chief Executive Officer commented, “We were pleased to see our business and customer traffic improve in the first quarter. New store development remains on track and our solid results give us confidence as we assess customer behavior and our outlook for the balance of the year.”
Key Stats (on next page)…