Fresh Market posts 34.2 percent higher profit in Q3 on 15.1 percent higher sales
SEAFOODNEWS.COM [Supermarket News] - November 21, 2014 -
The Fresh Market, Greensboro, N.C., said the decision to absorb rising cost inflation while continuing to promote key categories helped boost sales while maintaining strong earnings for the third quarter ended Oct. 26.
Net income for the 13-week quarter rose 34.2% to $14.9 million, while sales increased 15.1% to $419.5 million and comparable store sales were up 3.3%.
CEO Craig Carlock said the company benefited from efforts “to drive customer traffic and grow basket size in a more competitive environment [while] proactively choosing to absorb rising cost inflation and continuing to promote key product categories we know our customers value most.”
To Read Full Story Login Below.