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Fresh Market Q1 profit soars 43%; on track to open up to 16 stores in 2012
Greensboro, N.C. -- Fresh Market reported Wednesday that profit for the first quarter climbed 43% to $19.3 million, from $13.5 million in the year-ago period.
Revenue rose 23% to $324.8 million, compared with $264.5 million in the previous year and surpassing Wall Street’s expected $310.6 million in revenue. Same-store sales increased 8.2%. The strong performance across the board prompted the grocer to bump its outlook for the year.
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Cuhaci & Peterson selected to design four Aldi Supermarkets
Orlando, Fla. -- Cuhaci & Peterson Architects said Wednesday it has been awarded a contract to design four Aldi Supermarkets in located in North and South Carolina and Florida.
Each of the supermarket facilities will total 18,000 sq. ft. of retail space and are located in Salisbury and Indian Trails, N.C., in Columbia, S.C., and in southwest Orlando, Fla., near Disney World.