fresh market inc/the (TFM) Key Developments
The Fresh Market, Inc. Appoints Casey as a Member of the Compensation Committee of the Board and Shearer as a Member of the Audit Committee of the Board, Each Effective From June 3, 2015
Jun 5 15
On June 3, 2015, the Fresh Market, Inc. Board appointed Mr. Casey as a member of the Compensation Committee of the Board and Mr. Shearer as a member of the Audit Committee of the Board, each effective as of that date.
The Fresh Market, Inc. Presents at Jefferies 2015 Global Consumer Conference, Jun-24-2015 09:30 AM
Jun 4 15
The Fresh Market, Inc. Presents at Jefferies 2015 Global Consumer Conference, Jun-24-2015 09:30 AM. Venue: White Elephant, Nantucket, Massachusetts, United States.
The Fresh Market, Inc. Presents at Oppenheimer 15th Annual Global Consumer Conference, Jun-23-2015 11:45 AM
Jun 4 15
The Fresh Market, Inc. Presents at Oppenheimer 15th Annual Global Consumer Conference, Jun-23-2015 11:45 AM. Venue: Four Seasons Hotel, 200 Boylston Street, Boston, Massachusetts, United States. Speakers: Jeffrey C. Ackerman, Chief Financial Officer and Executive Vice President.
The Fresh Market, Inc. Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-10-2015 12:00 PM
Jun 4 15
The Fresh Market, Inc. Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-10-2015 12:00 PM. Venue: Four Seasons Hotel, Chicago, Illinois, United States.
The Fresh Market, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 26, 2015; Provides Earnings Guidance for the Full Year Ending January 31, 2016
May 21 15
The Fresh Market, Inc. reported unaudited consolidated earnings results for the first quarter ended April 26, 2015. For the period, the company has posted sales of $462,041,000 against $431,002,000 a year ago. Income from operations was $25,133,000 against $27,577,000 a year ago. Income before provision for income tax was $24,157,000 against $26,480,000 a year ago. Net income and comprehensive income was $15,166,000 against $16,571,000 a year ago. Basic and diluted per share was $0.31 against $0.34 a year ago. Purchases of property and equipment were $23,770,000 against $24,426,000 a year ago. Non-GAAP income from operations was $40,080,000 against $34,596,000 a year ago. Non-GAAP net income was $24,503,000 or $0.50 per share against $20,887,000 or $0.43 per share a year ago. Adjusted EBITDA was $57,921,000 against $51,581,000 a year ago. Return on assets was 11.9% against 14.1% a year ago. Return on equity was 17.7% against 22.5% a year ago. Net cash provided by operating activities was $62,611,000 compared to the $56,170,000 for the same quarter year ago.
In 2015, the company’s fiscal year is 53 weeks ending on January 31, 2016. The company expects fiscal 2015 adjusted earnings of $1.85 to $1.93 per diluted share. This forecast excludes leadership transition related expenses and anticipated net charges of approximately $0.20 to $0.24 per diluted share, expected to be realized during fiscal 2015 related to the recognition of lease liabilities, asset disposals, severance and other costs associated with the exit of the California market. GAAP diluted earnings per share are expected to be $1.61 to $1.73, which includes an approximately $0.08 benefit related to the 53rd week of fiscal 2015. Effective tax rate is expected to be 37.3% to 37.6%. The company expected CapEx spend for the year to be $100 million to $110 million, of which $90 million to $95 million will be used to open new stores and remodel or refresh existing stores.