The Fresh Market Earnings: Here’s Why the Stock is Falling Now
The Fresh Market, Inc. (NASDAQ:TFM) delivered a profit and met Wall Street’s expectations, AND 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 down 2.38%.
The Fresh Market, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.29% to $0.32 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 13.35% to $354.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Fresh Market, Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company missed the mean analyst estimate of $0.32. It missed the average revenue estimate of $356.8 million.
Quoting Management: Craig Carlock, President and Chief Executive Officer commented, “I am pleased that we delivered another quarter of double-digit sales and earnings growth. Comparable store sales continued to improve from prior quarters and gross margin expanded, even in the face of rising product cost inflation. We also opened five stores this quarter and remain on track to achieve record new store openings this fiscal year.”
Key Stats (on next page)…