The Fresh Market Holdings

General Information
Business:

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.”)

Industry: GROCERY STORES
Employees: 10150
Founded: 1981
Contact Information
Address 300 N. Greene Street, Suite 1100, Greensboro, NC 27401, US
Phone Number (336) 272-1338
Web Address http://www.thefreshmarket.com/
View Prospectus: The Fresh Market Holdings
Financial Information
Market Cap
Revenues $1929.7 mil (last 12 months)
Net Income $53.0 mil (last 12 months)
IPO Profile
Symbol TFM
Exchange NASDAQ
Shares (millions): 0.0
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:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change