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Last $40.22 USD
Change Today +0.20 / 0.50%
Volume 478.4K
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

fresh market inc/the (TFM) Snapshot

Open
$39.99
Previous Close
$40.02
Day High
$40.32
Day Low
$39.55
52 Week High
12/24/14 - $42.12
52 Week Low
05/22/14 - $28.60
Market Cap
2.0B
Average Volume 10 Days
460.1K
EPS TTM
$1.55
Shares Outstanding
48.5M
EX-Date
--
P/E TM
26.0x
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 March 18, 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

fresh market inc/the (TFM) Top Compensated Officers

Chief Executive Officer, Interim President, E...
Total Annual Compensation: $386.9K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $421.5K
Chief Merchandising & Supply Chain Officer an...
Total Annual Compensation: $280.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $249.4K
Compensation as of Fiscal Year 2013.

fresh market inc/the (TFM) Key Developments

The Fresh Market Plans to Close California Stores

The Fresh Market announced that it has decided to close its operations in California, which include stores in Palo Alto, Santa Barbara and Laguna Hills in order to focus on higher growth opportunities. The stores will be closed to customers by March 31 and the company expects store closure activities to be completed in fiscal 2015.

The Fresh Market, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended January 25, 2014; Provides Earnings Guidance for the Full Year 2015; Plant to Open Approximately 19 New Stores in 2015

The Fresh Market, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended January 25, 2014. For the quarter, the company reported sales of $480,487 million, income from operations of $32,582 million, income before provision for income taxes of $31,514 million, net income of $20,180 million or $0.42 per basic and diluted share, adjusted EBITDA of $60,813 million compared to the sales of $425,810 million, income from operations of $3,191 million, income before provision for income taxes of $1,962 million, net income of $1,989 million or $0.04 per basic and diluted share, adjusted EBITDA of $47,021 million for the same quarter a year ago. The Company generated $44.8 million in cash flow from operations during the fourth quarter of fiscal 2014, compared to $35.8 million in the fourth quarter of the prior fiscal year. On adjusted GAAP basis, the company reported income from operations of $43.202 million compared to $30.744 million a year ago. Income before provision for income taxes was of $42.134 million compared to $29.515 million a year ago. Net income was of $26.590 million or $0.55 per diluted share compared to $18.805 million or $0.39 per diluted share a year ago. CapEx totaled $25.7 million for the fourth quarter For the year, the company reported sales of $1,753,166 million, income from operations of $103,613 million, income before provision for income taxes of $99,238 million, net income of $63,025 million or $1.3 per basic and diluted share, net cash provided by operating activities of $143,025 million, purchases of property and equipment of $90,182 million, adjusted EBITDA of $197,716 million compared to the sales of $1,511,657 million, income from operations of $83,381 million, income before provision for income taxes of $79,598 million, net income of $50,807 million or $1.05 per basic and diluted share, net cash provided by operating activities of $140,372 million, purchases of property and equipment of $122,366 million, adjusted EBITDA of $171,093 million for the previous year. On adjusted GAAP basis, the company reported income from operations of $128.118 million compared to $110.934 million a year ago. Income before provision for income taxes was of $123.743 million compared to $107.151 million a year ago. Net income was of $78.013 million or $1.61 per diluted share compared to $67.623 million or $1.40 per diluted share a year ago. For fiscal 2015, The company expects to generate increased sales growth and expand operating margin as the company execute real estate strategy and work to drive greater promotional and operational efficiencies while making strategic investments for the long-term growth of the Company. In 2015, the Company's fiscal year will be 53 weeks ending on January 31, 2016. Excluding the 53rd week, the Company expects fiscal 2015 adjusted earnings of $1.77 to $1.85 per diluted share. This forecast includes a net benefit to earnings of approximately $0.03 per diluted share, related to store closures in California, partially offset by leadership transition related expenses, and excludes anticipated net charges of approximately $0.26 to $0.33 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 store closures in California. GAAP diluted earnings per share are expected to be $1.52 to $1.67, which includes an approximately $0.08 benefit related to the 53rd week of fiscal 2015. The company estimates CapEx spend for the year to be $100 million to $110 million, of which approximately $95 million will be used to open 19 new stores and remodel or refresh another 10 locations. Finally, the company expects tax rate to be approximately 37.5% to 37.8%. The company plans to open approximately 19 new stores, with the majority of them opening in the latter part of the fiscal year 2015. These stores will be within or located close to existing markets in the eastern half of the United States.

Fresh Market Mulls Acquisitions

The Fresh Market, Inc. (NasdaqGS:TFM) intends to make strategic investments for the long-term growth of the Company.

 

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Industry Analysis

TFM

Industry Average

Valuation TFM Industry Range
Price/Earnings 30.9x
Price/Sales 1.1x
Price/Book 5.9x
Price/Cash Flow 15.6x
TEV/Sales 1.1x
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