Market Overview

UPDATE: Fairway Group Posts Wider FQ1 Net Loss

Share:

Fairway Group Holdings (NASDAQ: FWM) posted a wider fiscal first-quarter loss.

Fairway Group posted a quarterly loss of $27.9 million, or $2.11 per share, versus a year-eralier loss of $3.9 million, or $0.86 per share. Excluding one-time items, its adjusted net loss came in at $2.4 million.

Its revenue climbed 21% to $187 million, versus analysts' estimates of $188 million.

Fairway Group's same-store sales increased 1.4%.

Fairway Group shares closed at $25.83 yesterday.

Posted-In: lossEarnings News

 

Related Articles (FWM)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com