The Fresh Market (TFM) Misses Q2 EPS by 4c; Guides FY15 EPS

The Fresh Market (NASDAQ: TFM) reported Q2 EPS of $0.36, $0.04 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $442.1 million versus the consensus estimate of $458.34 million.

Comparable store sales decreased 1.0%.

The Fresh Market sees FY2015 EPS of $1.55-$1.65, versus the consensus of $1.85. 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.

For earnings history and earnings-related data on The Fresh Market (TFM) click here.

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