Fresh Market Inc. has reported financial results for the first quarter, noting a 15% increase in profits, a rise in net sales, and same store sales.
Gross profit increased by 14.8% to $366.6 million, net sales increased 12.9% to $366.6 million and comparable store sales increased 3.0%, according to a release.
Net income rose as well, from $19.3 million to $22.1 million while diluted earnings per share rose by 14.6% from $.40 to $.46.
Craig Carlock, President and Chief Executive Officer commented, "We were pleased to see our business and customer traffic improve in the first quarter. New store development remains on track and our solid results give us confidence as we assess customer behavior and our outlook for the balance of the year."
Fresh Market
