This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Fairway Group Holdings Corp. Reports First Quarter Results

NEW YORK, Aug. 7, 2014 (GLOBE NEWSWIRE) -- Fairway Group Holdings Corp. ("Fairway") (Nasdaq:FWM), the parent company of Fairway Market, today announced financial results for its fiscal 2015 first quarter ended June 29, 2014.
  • Net sales increased to $198.3 million
  • Adjusted EBITDA was $11.1 million
  • Opened 15 th Fairway Market in Lake Grove, New York on July 23 rd
  • Executed lease for a new store in Staten Island

"Our sales and Adjusted EBITDA were both modestly ahead of our expectations. In addition, we are also excited about our recent opening in Lake Grove, New York and the execution of a lease for a new Fairway Market in Staten Island," said William Sanford, Interim Chief Executive Officer. "The Lake Grove store highlights our continued focus on improving the customer experience, refining in-store communications and enhancing operational efficiencies. Lower profile displays in the produce department allow for improved line of sight across the store, reduced labor requirements and better shrink management. The location of our fresh foods departments next to each other allows us to more effectively leverage the labor force while simultaneously achieving a much stronger merchandising statement."

Co-President and Chief Operating Officer Kevin McDonnell added, "The new design elements in the Lake Grove store really bring to life the "market within a market" format that the business was built upon and our new signage system, which will be integrated into existing stores, allows us to more effectively communicate selection and price to our customers. As a complement, we have also begun issuing a new 12-page monthly flyer across our store system to highlight Fairway's differentiated offering and value proposition. The first flyer in July focused on "love local" with each subsequent month spotlighting a new theme such as natural & organics and Fairway private label, among others."

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs