The Fresh Market Holdings
(Note: The Fresh Market Holdings withdrew its IPO on July 13, 2022, according to an SEC filing. The company had filed to go public in July 2021. In 2016, the company was taken private by the Apollo Funds. In May 2022, the financial press reported that Cencosud, a retail group based in Chile, would acquire a majority stake in The Fresh Market Holdings.)
We are a specialty retailer offering a variety of high quality, fresh foods and difficult-to-find items in a small, convenient, intimate store footprint (average 21,000 sq. ft.) where guests can see all the sightlines across the store. The store ambiance is like an Old-World European marketplace layout with an elevated, sensory experience with fresh aromas, classical music, spotlights, and exceptional cleanliness. High-touch guest service is a hallmark of The Fresh Market, as our team members strive to make guests feel like they are at home.
In fiscal 2020, our comparable store sales growth was 22.3%. This compares to comparable store sales changes of (1.8)% and 0.4%, for fiscal 2019 and fiscal 2018, respectively.
In the first three quarters of fiscal 2021, comparable store sales growth was 3.2% (compared to 21.1% in the first three quarters of fiscal 2020).
**Note: We operate on a 52- or 53-week fiscal year that ends on the Sunday in January nearest to January 31. References to “fiscal 2021” are to the fiscal year ended January 30, 2022, which consisted of 52 weeks; references to “fiscal 2020” are to the fiscal year ended January 31, 2021, which consisted of 53 weeks, and references to “fiscal 2019” are to the fiscal year ended January 26, 2020, which consisted of 52 weeks.
(Note: This IPO will be The Fresh Market’s second time around as a public company. From CEO Jason Potter’s letter in the prospectus: “We were publicly traded from 2010 to 2016, when we were taken private by the Apollo Funds, along with an investment by the Berry family.”)
|Address||300 N. Greene Street, Suite 1100, Greensboro, NC 27401, US|
|Phone Number||(336) 272-1338|
|View Prospectus:||The Fresh Market Holdings|
|Revenues||$1929.7 mil (last 12 months)|
|Net Income||$53.0 mil (last 12 months)|
|Price range||$0.00 - $0.00|
|Est. $ Volume||$100.0 mil|
|Manager / Joint Managers||Credit Suisse/ BofA Securities|
|CO-Managers||Barclays/ Deutsche Bank Securities/ RBC Capital Markets/ BMO Capital Markets/ Guggenheim Securities/Apollo Global Securities|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|