The Fresh Market 1Q2013 Earnings Review

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The Fresh Market TFM
announced their Q1 earnings today for the 13 week period that ended April 28, 2013. The Fresh Market beat the EPS consensus of $0.46 and landed at $0.46 per share. Revenue increased 12.87 percent year over year to $366.6 million. Correspondingly, the company's net income rose to $22.1 million, a 14.7 percent increase year over year. Selling and administrative costs increased 15.6 percent year over year, primary attribution included employee healthcare claims and additional layer of annual share based compensation. An improvement in gross margin rate corresponded to an operating income increase of $4.3 million year over year. With two new stores opened during the first quarter 2013, the company generated $45.9 million in cash flow and $17.2 million in capital expenditures. Looking forward to fiscal 2013, the company expect EPS between $1.51 and $1.58 with further expansion plan. The Fresh Market opened at $50.14, and is currently trading at $49.41.
Posted In: EarningsNewsFinancingRetail SalesMarketsReviews
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