GREENSBORO, N.C. — The Fresh Market here last week said profits fell in the first fiscal quarter due to tax-accounting changes, although sales were up 10% and comparable-store sales rose 4.1%. The company reported net income of $13.5 million, down about 32% from $19.9 million a year ago, when it reported taxes differently. Pro forma net income for the year-ago quarter was $12.2 million. The company also said it incurred about $1.1 million in expenses in the recent quarter related to a ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.