QUOTE AND NEWS
Benzinga  Aug 21  Comment 
Shares of The Fresh Market Inc (NASDAQ: TFM) plunged nearly 20 percent early Friday afternoon, establishing a new 52-week low of $21.05 after investors and traders were not impressed with the company's second-quarter results and outlook. The...
TheStreet.com  Aug 21  Comment 
  NEW YORK (TheStreet) - The Fresh Market is "down badly today," TheStreet's Jim Cramer said on CNBC's "Stop Trading" segment.  Shares are down around 20% on Friday after the company missed on earnings per share and revenue estimates for...
Benzinga  Aug 21  Comment 
Tuesday Morning Corporation (NASDAQ: TUES) shares reached a new 52-week low of $5.75 after the company reported weaker-than-expected Q4 results. The Fresh Market Inc (NASDAQ: TFM) shares reached a new 52-week low of $21.266 after the company...
TheStreet.com  Aug 21  Comment 
NEW YORK (TheStreet) -- Shares of The Fresh Market were falling 16.5% to $22.20 on heavy trading volume after the grocery store operator missed analysts' estimates for earnings in the second quarter and lowered its fiscal 2015 guidance. The...
TheStreet.com  Aug 20  Comment 
NEW YORK (TheStreet) -- Shares of The Fresh Market were falling 10.8% to $23.73 after-hours Thursday after the grocery store operator missed analysts' estimates for earnings and revenue in the second quarter. The Fresh Market reported earnings...




 
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The Fresh Market (NASDAQ:TFM) is a specialty food retailer. The company has an emphasis on fresh, perishable items. As of October 2010, TFM operated 100 stores across 20 US states mostly in the Southeast, Midwest, and Mid-Atlantic. Because it focuses heavily on fresh items the stores tend to be at least half the size of conventional supermarkets.[1]

The company plans to continue to increase the number of stores that in operates. It expects that it will be able to operate at least 500 stores with the given format. The company has historically pushed to expand its store base and has tripled the number of stores that it operates since 2000.[2]

The company's initial public offering of stock on the NASDAQ occurred on November 4, 2010. The company offered 13.2M shares each for $22. This was above the initial price range of $18-$20. The IPO raised a total of $292M. The proceeds of the deal will go entirely to shareholders and not to the company. As a result, the IPO will not directly generate revenue for The Fresh Market as a company. The lead underwriters of the deal were Bank of America (BAC), J P Morgan Chase (JPM), and Goldman Sachs Group (GS).[3]

Since 2007, TFM has managed to continue to grow its total revenue figure. In 2009, its total revenue was $862M, which was a 8% increase over the year before. The company's net income has also risen each year since 2007. The company's 2009 net income was $49M which was a 53% increase from 2008.[4]

References

  1. TFM S-1/a 2010 Prospectus Summary "Our Company" pg 1
  2. TFM S-1/a 2010 Prospectus Summary "Our Growth Strategy" pg 2-3
  3. Renaissance Capital - IPO Home "The Fresh Market prices 13.2mm shares at $22, above the range" 4 Nov 2010
  4. TFM S-1/a 2010 Prospectus Summary "Summary Financial Information and Other Data" pg 6
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