Fresh Market (Nasdaq: TFM) reported earnings on May 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 29 (Q1), Fresh Market beat expectations on revenues and earnings per share.

Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased significantly.

Margins grew across the board.

Revenue details
Fresh Market notched revenue of $324.8 million. The 11 analysts polled by S&P Capital IQ looked for a top line of $310.4 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $264.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.40. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.36 per share. GAAP EPS of $0.40 for Q1 were 43% higher than the prior-year quarter's $0.28 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 34.7%, 80 basis points better than the prior-year quarter. Operating margin was 9.7%, 130 basis points better than the prior-year quarter. Net margin was 5.9%, 80 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $303.5 million. On the bottom line, the average EPS estimate is $0.27.

Next year's average estimate for revenue is $1.31 billion. The average EPS estimate is $1.34.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 104 members out of 120 rating the stock outperform, and 16 members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Fresh Market a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fresh Market is outperform, with an average price target of $51.00.

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