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Fresh Market Q2 profit up 27%
GREENSBORO, N.C. -- The Fresh Market Inc. said Wednesday that its second-quarter net income surged 27%. The company also lifted its profit outlook for the year.
For the quarter ended July 29, Fresh Market earned $13.3 million, up from $10.5 million in the same period last year.
Revenue rose 21% to $313 million as the number of shopper purchases rose 5% and the average amount spent rose 3%. Same-store sales rose 8%.
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The Fresh Market to open in New Orleans
New Orleans -- Covington, La.-based Stirling Properties said that The Fresh Market will open a new store in New Orleans on July 25, marking the grocery retailer’s fourth store in the state.
“We are excited to open our store in New Orleans and to expand our reach in Louisiana,” said Craig Carlock, Fresh Market president and CEO. “We look forward to introducing The Fresh Market’s concept of quality perishables, excellent customer service and a unique atmosphere to an expanded customer base.”