This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Fresh Market CEO At Goldman Sachs 2012 Global Retailing Conference (Transcript)

Stocks in this article: TFM

The Fresh Market (TFM)

Goldman Sachs 2012 Global Retailing Conference

September 05, 2012 03:00 PM ET


Craig Carlock - President and CEO

Lisa Klinger - CFO



Unidentified Analyst

Good afternoon everyone. I am Steven (inaudible) on the food and retail analyst at Goldman Sachs. And we're very excited to have Fresh Market which is one of the highest growth concept markets in retail at the conference. As it grows from 124 stores today to over 500 longer term. The recent combination of accelerating low to mid teen square footage growth, consistent mid to high single digit comp growth and operating margin expansion as powered 30% plus EPS growth year to date. To better shed light on what differentiates the Fresh Market from its peers to create this opportunity we're pleased to host Craig Carlock, President and CEO and Lisa Klinger EVP and CFO.

Craig Carlock

Thank you Steven. Hello everyone. Lisa and I are very excited to be here with you today. Like to talk you about the Fresh Market. [Audio Gap] For the reason that we're so confident that we can grow is because we've been growing for many, many years. We have a history of sales and profit growth, there's just no doubt about that. I think these charts tell quite an exciting story, if you take a look at them. On the top left you can see we've grown units, 10% the last five years and I would say we slowed down our unit growth in 2008 and 2009 so that five year growth rate of 10% compounded includes two slow years. We've growing sales by 11%, the sales have grown faster than units and we've built units and built sales. We've growing profits much faster than that. You see we have an adjusted EBITDA that's grown by 20% and operating income that's grown by 23% per year over those five years.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs