The Fresh Market (TFM) 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 and is now down 10.71 at $49.53 on above average volume. The stock is now testing support, trading at a 4-month low.
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