Last $2.89 USD
Change Today 0.00 / 0.00%
Volume 544.1K
FWM On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 8:10 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

fairway group holdings corp (FWM) Key Developments

Whole Foods Market May Buy Fairway Group

Whole Food Market, Inc. (NasdaqGS:WFM) may look to buy Fairway Group Holdings Corp. (NasdaqGS:FWM). Sterne Agee sees Fairway Group as a potential takeover target for Whole Foods.

Howard Glickberg to Retire as Vice Chairman of Real Estate Development of Fairway Market

Howard Glickberg, who took his grandfather's fruit and vegetable stand on 74th and Broadway in New York City and, as the longtime Chief Executive Officer and more recently as Vice Chairman of Real Estate Development, build it into the iconic Fairway Market with 15 locations across the tri-state New York/New Jersey/Connecticut region, will retire from the company effective immediately. The announcement was made by Jack Murphy, Fairway Market's CEO, who added that Mr. Glickberg would remain on the company's Board.

Fairway Group Holdings Corp. Presents at 2014 Deutsche Bank Health, Wellness & Specialty Retailer Consumer Conference, Dec-10-2014 through Dec-11-2014

Fairway Group Holdings Corp. Presents at 2014 Deutsche Bank Health, Wellness & Specialty Retailer Consumer Conference, Dec-10-2014 through Dec-11-2014. Venue: The St. Regis Atlanta, 88 West Paces Ferry Road NW, Atlanta, GA 30305, United States. Presentation Date(s): Dec-11-2014.

Fairway Group Holdings Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 28, 2014

Fairway Group Holdings Corp. reported unaudited consolidated earnings results for the second quarter and six months ended September 28, 2014. For the quarter, the company reported net sales of $193,979,000 compared to $183,215,000 a year ago. Loss from operations was $11,462,000 compared to $6,421,000 a year ago. Loss before income taxes was $16,295,000 compared to $11,420,000 a year ago. Net loss attributable to common stockholders was $17,235,000 or $0.40 basic and diluted per share compared to $12,224,000 or $0.30 basic and diluted per share a year ago. Adjusted EBITDA was $6.7 million for the second quarter of fiscal 2015 compared to $10.6 million in the second quarter of fiscal 2014. Net sales growth in the quarter was attributable to the three new stores that were opened subsequent to the first quarter of fiscal 2014. The sales growth in the quarter was partially offset by negative same store sales. Same store sales declined 3.9% in the quarter compared to the second quarter of fiscal 2014. On a quarter sequential basis, the decrease in the same store sales from negative 1.7% in the first quarter of fiscal 2015 to negative 3.9% in the second quarter of fiscal 2015 is primarily due to the full quarter impact of lost sales at Red Hook, Brooklyn location as a result of a competitive opening. The increase in the net loss was primarily attributable to lower gross margins, increases in direct store expenses, equity compensation expense, severance expense and production center start-up costs. Adjusted net loss was $9,146,000 compared to $5,988,000 a year ago. The decrease in adjusted EBITDA was primarily attributable to the lower gross margins, an increase in Central Services and lower contribution from the Red Hook store. Total CapEx for the quarter was $10.6 million, inclusive of $3.8 million in connection with Lake Grove and $5 million in connection with the new production facility. For the six months period, the company reported net sales of $392,247,000 compared to $369,993,000 a year ago. Loss from operations was $15,433,000 compared to $26,579,000 a year ago. Loss before income taxes was $25,044,000 compared to $36,963,000 a year ago. Net loss attributable to common stockholders was $26,929,000 or $0.62 basic and diluted per share compared to $84,300,000 or $2.23 basic and diluted per share a year ago. Net cash provided by operating activities was $5,165,000 compared to net cash used in operating activities of $13,216,000 a year ago. Capital expenditures were $24,923,000 compared to $26,465,000 a year ago.

Fairway Group Holdings Corp. to Report Q2, 2015 Results on Nov 06, 2014

Fairway Group Holdings Corp. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Nov 06, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FWM:US $2.89 USD 0.00

FWM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Costco Wholesale Corp $141.56 USD +2.23
Shoprite Holdings Ltd 16,601 +197.00
Target Corp $74.64 USD +1.07
Wal-Mart Stores Inc $85.94 USD +1.71
Whole Foods Market Inc $48.96 USD 0.00
View Industry Companies
 

Industry Analysis

FWM

Industry Average

Valuation FWM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FAIRWAY GROUP HOLDINGS CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.