Last $3.74 USD
Change Today -0.04 / -1.06%
Volume 687.8K
FWM On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 8:10 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

fairway group holdings corp (FWM) Snapshot

Open
$3.78
Previous Close
$3.78
Day High
$3.91
Day Low
$3.71
52 Week High
10/18/13 - $26.09
52 Week Low
09/29/14 - $3.68
Market Cap
162.5M
Average Volume 10 Days
507.0K
EPS TTM
$-1.46
Shares Outstanding
29.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FAIRWAY GROUP HOLDINGS CORP (FWM)

fairway group holdings corp (FWM) Details

Fairway Group Holdings Corp., together with its subsidiaries, operates as a food retailer. The company provides perishable products, including fresh produce, such as fruits and vegetables; natural and organic foods; cheese; cut meat and chicken products; seafood; bakery products, such as cookies, tarts, cupcakes, baguettes, and bagels; coffee; and kosher foods. Its perishable products also comprise deli products consisting of sandwiches, side dishes, toppings, platters, snacks, and main dishes; specialty and gourmet products comprising Lapalisse pure and virgin nut oils, Sicilian foodstuffs, Burgundy’s organic La Trinquelinette fruit preserves, ready-to-eat vacuum-packed beets, La Quiberonnaise Vintage Sardines, Pruneaux d’Agen (stuffed prunes), Royal Medjool dates, Quercy’s soft dried figs, and apricots, as well as L’Herbier de Milly La Forêt verbena, hibiscus, peppermint, linden blossom infusions. The company also offers non-perishable products comprising conventional groceries, and specialty foods, as well as wines and spirits. It operates 14 locations in New York, New Jersey, and Connecticut, including 3 Fairway Wines & Spirits locations. The company was founded in 1933 and is headquartered in New York, New York.

900 Employees
Last Reported Date: 05/29/14
Founded in 1933

fairway group holdings corp (FWM) Top Compensated Officers

Co-President and Chief Financial Officer
Total Annual Compensation: $450.0K
Vice Chairman of Development and Director
Total Annual Compensation: $2.8M
Advisor
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.

fairway group holdings corp (FWM) Key Developments

Fairway Group Holdings Corp. Announces Executive Changes

Fairway Group Holdings Corp. announced that Jack Murphy, a seasoned retail executive with strong experience in specialty food retailing, has been named Chief Executive Officer of the company. Mr. Murphy was a co-founder of natural foods grocer Fresh Fields Inc. before it was sold to Whole Foods Inc., and most recently he served as Chief Executive Officer of Earth Fare Inc. Bill Sanford, who was appointed Interim Chief Executive Officer in February while the company undertook a search for a new CEO, has decided to leave the company to pursue other interests.

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.

 

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Industry Analysis

FWM

Industry Average

Valuation FWM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 34.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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