Fresh Market (Nasdaq: TFM ) reported earnings on Aug. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 29 (Q2), Fresh Market beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share improved significantly.
Margins expanded across the board.
Fresh Market booked revenue of $313.0 million. The 13 analysts polled by S&P Capital IQ expected a top line of $308.3 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $259.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.29. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. GAAP EPS of $0.28 for Q2 were 27% higher than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.1%, 140 basis points better than the prior-year quarter. Operating margin was 7.0%, 40 basis points better than the prior-year quarter. Net margin was 4.3%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $321.8 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $1.35 billion. The average EPS estimate is $1.43.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 121 members out of 148 rating the stock outperform, and 27 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Fresh Market a green thumbs-up, and 14 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 $59.56.
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