fresh market inc/the (5FM) Snapshot

On June 5, 2013, the Board of Directors of The Fresh Market, Inc. designated Jeffrey B. Short, the company's Vice President and Controller and interim principal accounting officer, as the company's principal accounting officer. Mr. Short has served as the company's Vice President and Controller since January 2006 and interim principal accounting officer since November 2012. Mr. Short joined the company in 2003 and previously served as Controller. Prior to joining the company, Mr. Short held various positions in finance and accounting with Swifty Serve Corporation, E-Z Serve Corporation, Randalls Food Markets and Arthur Andersen LLP.

The Fresh Market, Inc. Presents at William Blair & Company 33(rd) Annual Growth Stock Conference, Jun-12-2013 08:40 AM. Venue: Four Seasons Hotel, Chicago, Illinois, United States.

The Fresh Market, Inc. reported unaudited consolidated earnings results for the thirteen weeks ended April 28, 2013. For the period, the company’s sales were $366,626,000 compared to $324,784,000 a year ago. Income from operations was $35,384,000 compared to $31,084,000 a year ago. Income before provision for income taxes was $35,140,000 compared to $30,728,000 a year ago. Net income was $22,120,000 compared to $19,270,000 a year ago. Basic and diluted net income per share was $0.46 compared to $0.40 a year ago. Net cash provided by operating activities was $45,899,000 compared to $35,603,000 a year ago. Purchases of property and equipment were $17,219,000 compared to $17,106,000 a year ago. Return on assets was 18.4% compared to 18.6% a year ago. Return on equity was 30.2% compared to 38.8% a year ago. The company provided earnings guidance for the fiscal year 2013. For the year, the company expects capital expenditures to be in the range of $130 million to $150 million. The company expects diluted earnings per share of $1.51 to $1.58. effective tax rate expected to be of 37.0%.