Originally published at www.seclive.com
Filing in Focus: The Fresh Market 8-K, November 21, 2013
The Fresh Market, Inc. (NASDAQ:TFM) announced its third quarter fiscal 2013 results, reporting increases in both sales and revenue. The specialty retailer reported slight earnings growth from $10.9M a year ago to $11.1M while earnings per share remained flat at $0.23 per share. Net sales jumped 13.4% to $364.5M while comparable store sales increased 3.1% to $308.7M. The company opened a record 10 new stores during the quarter, bringing its total to 146 stores nationwide in 26 states. President and CEO Craig Carlock said that the business continues to grow and that it is positioned well for store growth at or above 17%. Carlock further stated that despite a challenging economic environment the company continues to progress in key areas like gross margin and comparable sales.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.