US speciality retailer The Fresh Market booked a jump in third-quarter sales and earnings this morning (28 November).
The Fresh Market said net sales rose 22.1% in the three months to 28 October, climbing to US$321.5m as new store openings and same-store sales growth contributed to the top line. Comparable sales rose 5.6% and the company opened six new locations in the period.
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Net income rose 19% to $10.9m and EPS increased 18.5%, the company revealed.
In a separate announcement yesterday, the group said finance chief Lisa Klinger will leave the company next month, having accepted a “similar position” with a private equity-backed clothing retailer.
The Fresh Market said it plans to commence a recruitment process to appoint a successor. In the meantime, EVP and COO Sean Crane will take over as interim CFO, while VP and controller Jeff Short will act as interim principal accounting officer.
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Shares in the group closed slightly down on the news yesterday, dropping from an open of $61.47 to $60.24.
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