Fresh Market Q1 Sales Up 10%

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

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 comp

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