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Market Overview

Fairway Group Up, Large Competitors Mostly Unchanged


A couple of small organic grocers' shares rose sharply Friday after one posted results ahead of expectations.

Shares of Natural Grocers by Vitamin Cottage Inc (NYSE: NGVC) gained 13 percent to $32.34 after the company beat fiscal first-quarter profit expectations Thursday on in-line revenue.

Natural Grocers, with market capitalization of $650 million and 92 stores mainly in the western U.S., also reiterated an earlier forecast for second-quarter results.

Perhaps in sympathy, the even smaller Fairway Group Holdings Corp (NASDAQ: FWM) gained 8 percent to $4.77, on above-average volume of about 375,000 shares.

Fairway is expected to report loss of $0.20 a share on sales growth of 1.8 percent to $209.4 million on February 5. The company has a market cap of about $200 million and a dozen stores in the New York area,

Meanwhile, Whole Foods Market, Inc. (NASDAQ: WFM) was nearly unchanged Friday at $52.72 a share.

Whole Foods has a market cap of about $19 billion and operates more than 360 stores is expected to post revenue growth of 10 percent on flat earnings February 11.

Sprouts Farmers Market Inc (NASDAQ: SFM) with a market value of $5.6 billion, was also little changed at $36.69, while The Fresh Market Inc (NASDAQ: TFM) was off 0.88 percent at $38.51.


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