The Fresh Market: After A 17% Sell-Off, Risks Remain To The Downside

Shares of The Fresh Market (TFM) lost 17% of their value over the past trading week. The specialty grocery retailer reported its third quarter results on Wednesday.

Third Quarter Results

The Fresh Market reported third quarter revenues of $321.5 million, up 22.1% on the year before. Comparable store sales rose 5.6% during the quarter. Growth was driven by a 3.3% increase in the number of transactions, and a 2.3% increase in transaction size. Revenues beat consensus estimates of $318.4 million.

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