The Fresh Market Cites Challenging Q3

GREENSBORO, N.C. — The Fresh Market here said sales and earnings for its fiscal third quarter came in below expectations, and it reduced its guidance for the year.

For the 13-week quarter, which ended Oct. 27, net income at the upscale food retailers was $11.1 million, up about 1.8%, while sales grew 13.4%, to $364.5 million. Comparable-store sales increased 3.1%.

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