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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Fresh Market Revenue Increases 13% 0 comments
    Aug 29, 2013 11:06 AM | about stocks: TFM

    Originally published at

    Filing in Focus: Fresh Market 8-K, August 28, 2013

    The Fresh Market, Inc. (TFM) decreased its annual guidance following revenues that did not maintain the momentum established the quarter earlier. For the second quarter of fiscal year 2013, Fresh Market reported comparable sales growth of 3.4%, continued improvement from the previous quarter's growth of 3.0% Revenues increased 13.3% to $354.8M from this quarter a year ago but declined sequentially from first quarter. Earnings guidance was reduced from the $1.51 to $1.58 range to between $1.50 and $1.55 earnings per share. Thanks to its continued comparable sales growth, Fresh Market increased its guidance from between 2.5% and 4.5% to between 3.0% and 4.5%. Fresh Market intends on opening 21 to 22 stores for year, with 10 to 11 stores to be opened in third quarter, with four opening in fourth quarter.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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