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The Fresh Market (TFM) Fell To A 4-Month Low After Q3 Miss

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The Fresh Market (TFM: Quote) reported third quarter net income of $0.23 per share Wednesday morning, up from $0.19 per share in the prior year period. The consensus estimate was for EPS of $0.26. Full year EPS is expected to be between $1.33 and $1.38, compared to the consensus estimate of $1.38.

The company also announced that Lisa Klinger resigned as Executive Vice President and Chief Financial Officer to accept a similar position with a private equity-backed apparel retailer. Sean Crane will assume the role of interim Chief Financial Officer.

The Fresh Market gapped open sharply lower Wednesday, but traded in a range for the majority of the session. Shares finished lower by 7.46 at $52.78, with volume at over a 5-month low. The stock sank to a 4-month low.

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by RTT Staff Writer

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