Whole Foods Market (WFM), Sprouts (SFM) in Focus Following The Fresh Market's (TFM) Q2 Report
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Sprouts Farmers Market (Nasdaq: SFM) and Whole Foods Market (Nasdaq: WFM) are on watch following quarterly results from peer The Fresh Market (Nasdaq: TFM).
After markets closed Thursday, The Fresh Market reported Q2 EPS of 36 cents on revenue of $442 million, versus consensus estimates calling for EPS of 40 cents with revenue of $458 million. Comps fell 1 percent.
The Fresh Market also said it sees FY15 EPS of $1.55 - $1.65, versus the consensus of $1.85. TFM said: "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."
The company cited changes in pricing and promotional investments on the results.
While The Fresh Market is down 12 percent, Whole Foods and Sprouts are largely unchanged.
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