Correction: corrects headline and first paragraph to say earnings missed Street expectations; adds stock movement
Fresh Market, Inc. (TFM) Wednesday reported a slight rise in profit for its third quarter, helped mainly by higher revenues. However, earnings per share missed analysts expectation. Shares are currently down more than 15 percent.
Net income for the quarter totaled $10.9 million or $0.23 per share, up from $9.2 million or $0.19 per share in the same period last year.
On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.26 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $321.5 million from $263.3 million last year. Analysts expected revenues of $318.67 million.
Looking ahead to the fiscal year 2012, the company forecast earnings in the range of $1.33 to $1.38 per share. Analysts expect earnings of $1.38 per share.
For the full year, the company expects its same store sales to rise 5.5 to 6.5 percent
TFM is currently trading at $50.98, down $9.30 or 15.41 percent on a volume of 3.34 million shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.