Fresh Market's outlook weak

Investor's Business Daily

The upscale grocer said Q3 EPS rose 21% to 23 cents, but missed views by 3 cents. Sales climbed 22.1% to $321.5 mil, beating estimates of $318.67 mil. Sales at stores open at least a year climbed 5.6%. Fresh Market (TFM) reaffirmed guidance for full-year EPS of $1.33-$1.38, the midpoint below the $1.38 expected. The full-year forecast implies Q4 EPS of 42-47 cents. Analysts see quarterly EPS of 45 cents. Shares fell 12.4%.

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