Last week The Fresh Market, which operates 116 stores in 21 states – including three in Greater Philadelphia, announced a first quarter net income increase of 43% over the same quarter one year ago.
- Net income for the fiscal first quarter, which ended April 29, 2012, was $19.3 million.
- Sales totaled $324.8 million, up 22.8%.
- Comparable-store sales gained 8.2%, including a 5.7% increase in transaction count and a 2.5% increase in basket size.
The company expects to open 14-16 new stores in this fiscal year.