The Fresh Market higher on 'cautious' approach

Shares of The Fresh Market (TFM) advance in early trading despite an earnings miss by the company yesterday.

The grocery store operator set Q1 expectations a bit below Street estimates, but its FY14 EPS forecast of $1.56-$1.66 is well-above consensus.

Investors seemed cheered by word from the company during its conference call that it will take a more "cautious" approach to expansion.

Earnings call transcript

TFM +2.7% premarket

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