The Fresh Market higher on 'cautious' approach

|About: The Fresh Market (TFM)|By:, SA News Editor

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