US retailer The Fresh Market has forecast slowing sales and earnings after a “record” 12 months.

The company, which runs 130 stores across 25 states, reported “record” annual sales and profits for the year to 27 January.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

It posted a 24.8% increase in full-year net income for the year to US$64.1m. Diluted earnings per share were up 24.4%.

Net sales rose 20% to $1.33bn on the back of new stores and a 5.7% increase in comparable-store sales.

“Fiscal 2012 was a terrific year for The Fresh Market,” president and CEO Craig Carlock said.

Carlock admitted The Fresh Market saw a “sudden slowdown” in customers in the fourth quarter. The retailer reported a 1.9% increase in comparable-store sales in the last quarter of its financial year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Fresh Market has forecast a 14-19% increase in diluted EPS in its new financial year. Carlock said changes to the timetable of store openings would “dampen” the retailer’s earnings. The retailer also set a target for comparable-store sales to increase 2-4% this year.

Carlock said: “We enter fiscal 2013 with a balanced view. We are simultaneously taking a conservative view on consumer trends while remaining enthusiastic about the portability of our concept, and excited about our plans to accelerate square footage growth.”