Fresh Market Q1 Adj. Profit Meets Estimate - Quick Facts

(RTTNews) - The Fresh Market, Inc. (TFM) Thursday reported second-quarter net income of $16.6 million or $0.34 per share, compared to $22.1 million or $0.46 per share in the same period last year.

Adjusted earnings for the quarter were $20.9 million or $0.43 per share. On average, 18 analysts polled by Thomson Reuters expected the company to earn $0.43 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 17.6 percent to $431.00 million from $366.63 million last year, while 17 analysts expected sales of $419.85 million.

For fiscal 2014, the company now expects earnings in the order of $1.29 to $1.39 per share, down from its prior range of $1.30 to $1.43 per share.

The company continues to expect adjusted earnings in the range of $1.56 to $1.66 per share. Analysts currently expect full-year earnings of $1.58 per share.