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Stock Market & Financial Investment News

News Breaks
November 27, 2012
20:02 EDTTFMThe Fresh Market announces resignation of CFO Lisa Klinger
The Fresh Market announced that Lisa Klinger has tendered her resignation as the company's executive VP and CFO in order to accept a similar position with a private equity-backed apparel retailer. Klinger will remain with the company through December 7. The company intends to immediately commence a search for a new CFO. In the interim, Sean Crane, the company's executive VP and COO, will assume the role of interim CFO, and in that capacity will act as the company's interim principal financial officer. Jeff Short, the company's VP and controller, will act as the company's interim principal accounting officer.
News For TFM From The Last 14 Days
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August 21, 2015
07:08 EDTTFMThe Fresh Market downgraded to Market Perform from Outperform at William Blair
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August 20, 2015
19:02 EDTTFMOn The Fly: After Hours Movers
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17:27 EDTTFMThe Fresh Market says pursuing ways to communicate price competitiveness
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17:17 EDTTFMThe Fresh Market experiencing 'minimal' product cost inflation overall
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17:12 EDTTFMThe Fresh Market says Chief M&S Officer Marc Jones to depart immediately
Says continues to interview candidates for the CEO position. Says Marc Jones, Chief Merchandising and Supply Chain Officer, is leaving the company, effective immediately. Company executives continue speaking on Q2 earnings conference call.
17:08 EDTTFMThe Fresh Market says promotional, pricing initiatives underwhelmed in Q2
The Fresh Market says promotional and pricing initiatives were not as successful as hoped during Q2 amid more challenging macro environment. Says "on track" to open 18 stores for the year. Says recent store openings give confidence in significant potential for unit growth. Says expects store remodels and refreshes to improve sales. Says laying the foundation for "personalized" marketing programs. Targeting completion of process improvement and store productivity initiatives by end of Q3. Company executives are speaking on the company's Q2 earnings conference call.
16:28 EDTTFMThe Fresh Market down about 10% to $24.00 after lowering FY15 outlook
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16:20 EDTTFMThe Fresh Market reports Q2 SSS down 1%
16:19 EDTTFMThe Fresh Market announces $200M stock repurchase program
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16:18 EDTTFMThe Fresh Market cites YTD results, current environment for lowered outlook
Interim CEO Crane concluded, "We believe that our strategic initiatives will better position The Fresh Market to compete long-term. We remain focused on evolving our operating model to provide customers with a unique and differentiated grocery shopping experience, although we expect that it will take time to fully realize the benefits of our efforts. Based on year to date results and the current operating environment, we are lowering our previously issued sales and earnings guidance for fiscal 2015."
16:17 EDTTFMThe Fresh Market lowers FY15 adjusted EPS view to $1.55-$1.65 from $1.85-$1.93
FY15 consensus $1.85. Management's outlook for the 53-week fiscal 2015 is based upon the following expectations: Total net sales growth for the 53-week fiscal 2015 of approximately 5.0%-7.0% compared to the 52-week fiscal 2014 total net sales. Fiscal 2014 included the benefit of sales from the Company's three California stores prior to their closing; Comparable store sales for the first 52 weeks of fiscal 2015 of -1.0% to -2.5%; An effective tax rate of 37.0% to 37.3%; Approximately $95M-$105M in capital expenditures, primarily related to real estate investments; Unit growth of approximately 18 new stores; Remodeling or refreshing 9 to 10 stores; Approximately 8c per diluted share of earnings related to the 53rd week of operations in the fourth quarter of fiscal 2015.
16:17 EDTTFMThe Fresh Market hits a fresh life low after results
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16:15 EDTTFMThe Fresh Market lowers FY15 outlook
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16:14 EDTTFMThe Fresh Market announces $200M stock repurchase program
16:13 EDTTFMThe Fresh Market reports Q2 adjusted EPS 36c, consensus 40c
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14:42 EDTTFMNotable companies reporting after market close
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10:00 EDTTFMOn The Fly: Analyst Downgrade Summary
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08:08 EDTTFMThe Fresh Market downgraded to Underperform at BofA/Merrill
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07:37 EDTTFMThe Fresh Market downgraded to Underperform from Neutral at BofA/Merrill
07:10 EDTTFMThe Fresh Market price target lowered to $30 from $34 at RBC Capital
RBC Capital analyst William Kirk lowered his price target for The Fresh Market to $30 after reducing his comparable store estimate for the quarter to 0.0%. The company is not immune from the decelerating trends reported by peers, Kirk tells investors in a research note. He reiterates an Underperform rating on The Fresh Market.
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