NEW YORK (TheStreet) -- The Fresh Market (TFM) stock is gaining in post-market trading Thursday after the company reported double-digit growth in sales for the first quarter and guided for above-consensus earnings for the full year. After the bell, shares added 10.8% to $31.81.
Over its April-ending quarter, the supermarket chain earned 43 cents a share, inline with estimates, and sales of $431 million, a 17.6% year-over-year increase. Analysts surveyed by Thomson Reuters forecast revenue of $419.85 million.
For the full year, the company guided for earnings between $1.56 and $1.66 a share. Analysts had forecast earnings of $1.58 a share, at the low-end of the company's guidance.
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TheStreet Ratings team rates FRESH MARKET INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate FRESH MARKET INC (TFM) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and premium valuation."
- You can view the full analysis from the report here: TFM Ratings Report