US retailer The Fresh Market has upped its forecast for annual earnings after a jump in half-year profits.

booked an increase in first-half profits, driven by increased sales.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

For the six months to the end of July, net profit climbed 23.4% to US$23.9m. Operating profit amounted to $39.1m, a 20.6% increase on the prior-year period.

Sales rose 11.7% to reach $524m, the company reported today (31 August). Comparable-store sales increased 4.3% to $479.9m.

In the second quarter, net profit increased 7% to $10.5m, while operating profit climbed 43.2% to $16.9m. Sales in the period amounted to $259m, a 13.6% increase on the prior-year period.

“We are happy to report another healthy quarter of both sales and earnings growth,” said The Fresh Market president and CEO Craig Carlock. “Our comparable-store sales grew 4.6 % and this marked our seventh consecutive quarter of comparable-sales growth of 4% or greater.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

As a result, the firm has increased its EPS guidance from a range of $1.01 to $1.05 to a range of $1.03 to $1.06.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now