The Fresh Market, Inc. (TFM) Misses Q3 EPS by 3c, Lowers FY Guidance
Tweet
Share
E-mailGet Alerts TFM Hot Sheet
Join SI Premium – FREE
The Fresh Market, Inc. (NASDAQ: TFM) reported Q3 EPS of $0.23, $0.03 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $364.5 million versus the consensus estimate of $378.6 million. Comps grow 3.1%
The Fresh Market, Inc. sees FY2013 EPS of $1.42-$1.47, versus prior guidance of $1.5-$1.55 and the consensus of $1.53.
Fiscal 2013 Outlook
The Company expects its recent comparable and new store sales performance and expense trends to continue for the rest of the fiscal year and has revised its outlook for earnings accordingly. The Company now expects diluted earnings per share to be $1.42 to $1.47.
For fiscal 2013, management expects the Company to:
Open 22 new stores
Incur meaningful occupancy and pre-opening costs associated with new store openings in fiscal 2013 and new store openings scheduled for the first quarter of fiscal 2014
Spend approximately $115 to $125 million in capital expenditures, primarily related to real estate investments
Increase comparable store sales 3.0% to 3.5%
Achieve operating margin as a percentage of sales consistent with the prior year, as the Company continues to make operating expense investments related to its accelerated growth plans
Generate diluted earnings per share of $1.42 to $1.47, assuming an effective tax rate of 37.0%
For earnings history and earnings-related data on The Fresh Market, Inc. (TFM) click here.
The Fresh Market, Inc. sees FY2013 EPS of $1.42-$1.47, versus prior guidance of $1.5-$1.55 and the consensus of $1.53.
Fiscal 2013 Outlook
The Company expects its recent comparable and new store sales performance and expense trends to continue for the rest of the fiscal year and has revised its outlook for earnings accordingly. The Company now expects diluted earnings per share to be $1.42 to $1.47.
For fiscal 2013, management expects the Company to:
Open 22 new stores
Incur meaningful occupancy and pre-opening costs associated with new store openings in fiscal 2013 and new store openings scheduled for the first quarter of fiscal 2014
Spend approximately $115 to $125 million in capital expenditures, primarily related to real estate investments
Increase comparable store sales 3.0% to 3.5%
Achieve operating margin as a percentage of sales consistent with the prior year, as the Company continues to make operating expense investments related to its accelerated growth plans
Generate diluted earnings per share of $1.42 to $1.47, assuming an effective tax rate of 37.0%
For earnings history and earnings-related data on The Fresh Market, Inc. (TFM) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- HeartCore Enterprises, Inc. (HTCR) Misses Q2 EPS by 185c
- Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Guidance, Retail SalesRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
