Fresh Market (Nasdaq: TFM) reported earnings on May 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 28 (Q1), Fresh Market met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. GAAP earnings per share increased.

Gross margins expanded, operating margins were steady, net margins grew.

Revenue details
Fresh Market tallied revenue of $366.6 million. The 13 analysts polled by S&P Capital IQ expected revenue of $371.1 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $324.8 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 $0.46. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.44 per share. GAAP EPS of $0.46 for Q1 were 15% higher than the prior-year quarter's $0.40 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 35.3%, 60 basis points better than the prior-year quarter. Operating margin was 9.7%, much about the same as the prior-year quarter. Net margin was 6.0%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $357.2 million. On the bottom line, the average EPS estimate is $0.32.

Next year's average estimate for revenue is $1.54 billion. The average EPS estimate is $1.57.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 134 members out of 147 rating the stock outperform, and 13 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Fresh Market a green thumbs-up, and six 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 $47.78.

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