Business

Fresh Market beats the Street’s estimates

Fresh Market has 131 stores, including one in Hingham.
Associated Press/File
Fresh Market has 131 stores, including one in Hingham.
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Fresh Market Inc.’s fiscal first-quarter earnings rose 15 percent to $22.1 million, topping the estimates of Wall Street analysts. Sales rose 12.9 percent to $366.6 million. The specialty grocer’s same-store sales and margins also improved. The Greensboro, N.C.-based company also credited contributions from new stores. Fresh Market reiterated its full-year earnings guidance and raised its same-store sales growth estimate.