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Last $21.66 USD
Change Today -0.33 / -1.50%
Volume 1.3M
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

fresh market inc/the (TFM) Snapshot

Open
$21.75
Previous Close
$21.99
Day High
$21.86
Day Low
$21.55
52 Week High
12/24/14 - $42.12
52 Week Low
08/24/15 - $18.70
Market Cap
1.1B
Average Volume 10 Days
3.3M
EPS TTM
$1.71
Shares Outstanding
48.6M
EX-Date
--
P/E TM
12.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for FRESH MARKET INC/THE (TFM)

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fresh market inc/the (TFM) Details

The Fresh Market, Inc. operates as a specialty grocery retailer in the United States. The company offers various food products that focus on perishable product categories, including meat, seafood, produce, deli, bakery, floral, sushi, and prepared foods; and on non-perishable product categories, such as traditional grocery, frozen, and dairy products, as well as bulk, coffee and candy, beer and wine, and health and beauty products. As of April 14, 2015, it operated 168 stores in 27 states. The company was founded in 1982 and is headquartered in Greensboro, North Carolina.

7,800 Employees
Last Reported Date: 03/23/15
Founded in 1982

fresh market inc/the (TFM) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $407.2K
Chief Operating Officer and Executive Vice-Pr...
Total Annual Compensation: $402.6K
Chief Merchandising & Supply Chain Officer an...
Total Annual Compensation: $285.7K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $254.5K
Senior Vice President of Real Estate & Develo...
Total Annual Compensation: $280.0K
Compensation as of Fiscal Year 2014.

fresh market inc/the (TFM) Key Developments

The Fresh Market, Inc. Names Richard Anicetti as President and Chief Executive Officer

The Fresh Market, Inc. announced that its Board of Directors has named veteran food retail executive Richard (Rick) Anicetti as the company’s President and Chief Executive Officer, effective September 1, 2015. Mr. Anicetti has also been elected to the company’s Board of Directors. He served for eight years as President and Chief Executive Officer of Food Lion grocery stores. In addition, he serves as a member of the board of directors at Number Holdings, Inc. where he also served as interim Chief Executive Officer, and he is a director on the board of Smart & Final Stores, Inc. In conjunction with his appointment to The Fresh Market, Mr. Anicetti will resign after a period of transition from his current board positions.

The Fresh Market, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 26, 2015; Provides Earnings Guidance for the Fiscal Year 2015

The Fresh Market, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 26, 2015. For the quarter, the company's sales were $442.1 million compared with $422.2 million a year ago. Income from operations was $28.5 million compared with $19.1 million a year ago. Income before provision for income taxes was $27.5 million compared with $18.0 million a year ago. Net income and comprehensive income was $17.5 million or $0.36 per basic and diluted share compared with $11.4 million or $0.24 per basic and diluted share a year ago. Adjusted income from operations was $28.4 million compared with $28.9 million a year ago. Adjusted income before provision for income taxes was $27.4 million compared with $27.8 million a year ago. Adjusted net income was $17.4 million or $0.36 per basic and diluted share compared with $17.5 million or $0.36 per basic and diluted share a year ago. Adjusted EBITDA was $46.4 million compared with $46.2 million a year ago. Return on assets was 12.6% compared with 8.6% a year ago. Adjusted return on assets was 14.9% compared with 13.8% a year ago. Return on equity was 18.5% compared with 14.2% a year ago. Adjusted return on equity was 21.5% compared with 21.7% a year ago. The company generated $14.8 million in cash flow from operations during the quarter, compared to $12.0 million in the second quarter of the prior fiscal year. The company invested $30.6 million in capital expenditures. For the six months, the company's sales were $904.1 million compared with $853.2 million a year ago. Income from operations was $53.6 million compared with $46.7 million a year ago. Income before provision for income taxes was $51.7 million compared with $44.5 million a year ago. Net income and comprehensive income was $32.6 million or $0.67 per basic and diluted share compared with $27.96 million or $0.58 per basic and diluted share a year ago. Net cash provided by operating activities was $77.4 million compared with $68.2 million a year ago. Purchases of property and equipment were $54.3 million compared with $40.4 million a year ago. Adjusted income from operations was $68.5 million compared with $63.5 million a year ago. Adjusted income before provision for income taxes was $66.5 million compared with $61.3 million a year ago. Adjusted net income was $41.9 million or $0.86 per basic and diluted share compared with $38.4 million or $0.80 per basic and $0.79 per diluted share a year ago. Adjusted EBITDA was $104.3 million compared with $97.8 million a year ago. The company expects fiscal 2015 adjusted earnings of $1.55 to $1.65 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 $1.31 to $1.45, which includes an approximately $0.08 per diluted share benefit related to the 53rd week of fiscal 2015. The company expects total net sales growth for the 53-week fiscal 2015 of approximately 5.0% to 7.0% compared to the 52-week fiscal 2014 total net sales, comparable store sales decrease for the first 52 weeks of fiscal 2015 of 1.0% to 2.5%, an effective tax rate of 37.0% to 37.3%, approximately $95 million to $105 million in capital expenditures, primarily related to real estate investments.

The Fresh Market, Inc. Terminates Employment of Marc Jones as Senior Vice President - Chief Merchandising and Supply Chain Officer

On August 19, 2015, The Fresh Market, Inc. terminated the employment of Mr. Marc Jones as Senior Vice President - Chief Merchandising and Supply Chain Officer of the company without cause.

 

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TFM:US $21.66 USD -0.33

TFM Competitors

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Company Last Change
Ingles Markets Inc $50.27 USD +0.32
Natural Grocers by Vitamin Cottage Inc $24.38 USD -0.04
Roundy's Inc $2.65 USD +0.09
Village Super Market Inc $27.44 USD -0.35
Weis Markets Inc $42.19 USD +0.47
View Industry Companies
 

Industry Analysis

TFM

Industry Average

Valuation TFM Industry Range
Price/Earnings 15.8x
Price/Sales 0.6x
Price/Book 2.9x
Price/Cash Flow 8.1x
TEV/Sales 0.5x
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