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The Fresh Market Withdrawn, Nasdaq: TFM

Apollo-backed fresh food grocer with over 150 stores in 22 states.

Industry: Consumer Staples

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Industry: Consumer Staples

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. Our combination of premium food, strong reputation for special occasions, personalized guest service, and omni-channel capabilities has resulted in comparable store sales growth of 22.3% in fiscal 2020 (compared to comparable store sales changes of (1.8)% and 0.4% for fiscal 2019 and fiscal 2018, respectively). Comparable store sales growth was 7.3% for the first quarter of fiscal 2021 (compared to 12.9% for the first quarter of fiscal 2020). While our fiscal 2020 and early fiscal 2021 results may be attributed in part to the impact of the COVID-19 pandemic, we believe they also demonstrate the effectiveness of our strategy and the initiatives we have taken, as well as broader changes in the food-at-home and food-away-from-home markets. Based on our results to date in fiscal 2021 as the COVID-19 pandemic has begun to subside, we believe we are well positioned for continued strong performance.
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IPO News for The Fresh Market
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IPO Data
IPO File Date 07/16/2021
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Greensboro, NC
Founded 1981
Employees 10,150
Website www.thefreshmarket.com