Fresh Market's Q1 is top shelf

Investor's Business Daily

The specialty grocer's EPS rose 15% to 46, 2 cents above views. Revenue climbed nearly 13% to $366.6 mil while same-store sales grew 3%. Fresh Market's (TFM) gross profit rose 4.8% to $129.3 mil. Its gross margin widened 60 basis points to 35.3%. The company sees full-year EPS of $1.51-$1.58. Analysts had expected $1.56. Shares rose 8.5% to 50.29. Fresh Market's beat comes after Whole Foods Markets (WFM) reported strong quarterly results and raised guidance earlier this month.

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