Last $4.55 USD
Change Today -0.0401 / -0.87%
Volume 251.6K
FWM On Other Exchanges
As of 11:20 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

fairway group holdings corp (FWM) Key Developments

Fairway Group Holdings Corp. Announces Unaudited Consolidated Earnings Results for the Thirteen Weeks Ended June 29, 2014; Provides Financial Guidance for the Full Year of 2014

Fairway Group Holdings Corp. announced unaudited consolidated earnings results for the thirteen weeks ended June 29, 2014. For the period, the company reported net sales of $198,268,000 against $186,778,000 a year ago. Loss from operations was $3,971,000 against $20,158,000 a year ago. Loss before income taxes was $8,749,000 against $25,543,000 a year ago. Net loss attributable to common stockholders was $9,694,000 against $72,076,000 a year ago. Basic and diluted loss per common share was $0.22 against $2.11 a year ago. Net cash provided by operating activities was $5,505,000 against net cash used in operating activities of $19,767,000 a year ago. Capital expenditures were $14,332,000 against $8,969,000 a year ago. Adjusted EBITDA was $11.1 million compared to $12.7 million in the first quarter of fiscal 2014. Adjusted EBITDA in the quarter was negatively impacted by lower gross margins due to higher occupancy costs and a decline in merchandise margins, as well as lower contribution from the Red Hook, Brooklyn location due to competitive pressures and higher than normal sales in the first quarter of last year following its re-opening. For the full fiscal year, the company expects sales to be in the range of $805 million to $815 million, and adjusted EBITDA to be in the $45 million range.

Fairway Market Opens Fairway Market at Long Island, New York

Fairway Market announced the opening of Fairway Market at DSW Plaza, 3200 Middle Country Road in Lake Grove, Long Island, New York. The 50,000 square foot store is the first Fairway Market location in Suffolk County on Long Island and the company's 15th food store in the New York, New Jersey, Connecticut tri-state region. Similar to all Fairway Markets, the new store in Lake Grove offers an exceptional combination of traditional, organic and specialty foods, chosen from its comprehensive selection of approximately 70,000 SKUs across its store network and including daily-delivered produce, a best of the best kosher selection, the freshest seafood, custom-cut USDA prime meat, on-the-premises bakery, cheeses from around the world, a classic New York deli counter, and much more.

Fairway Group Holdings Corp. to Report Q1, 2015 Results on Aug 07, 2014

Fairway Group Holdings Corp. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Aug 07, 2014

Fairway Group Holdings Corp., Q1 2015 Earnings Call, Aug 07, 2014

Fairway Group Holdings Corp., Q1 2015 Earnings Call, Aug 07, 2014

Fairway Group Holdings Corp., Annual General Meeting, Jul 29, 2014

Fairway Group Holdings Corp., Annual General Meeting, Jul 29, 2014., at 09:00 US Eastern Standard Time. Location: Columbia University, Alfred Lerner Hall. Agenda: To elect two directors to board of directors to serve until the 2017 annual meeting of stockholders; to ratify the appointment of Grant Thornton LLP as independent registered public accounting firm for the current fiscal year ending March 29, 2015; and to transact any other business as may properly come before the annual meeting or any adjournment or postponement thereof.


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