Friday, September 2, 2011

The Fresh Market reports profits and growth

Earlier this week, The Fresh Market reported strong sales and profits for the 13-week period ending July 31.  Net income for the company during the period was $10.5 million, and sales totaled $259.5 million. With comparable store sales up 4.6%, it was their seventh consecutive quarter of 4%-plus comps.

In addition to income and sales growth, operating margins increased to 6.5%, according to The Fresh Market President and CEO Craig Carlock. According to its website, the company currently has 116 stores in 21 states, with three Pennsylvania stores, all of which are in the Philadelphia market.

Five new stores opened during the second quarter and current plans call for 12 to 14 new store openings before year-end.

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