Skip to main content

Market Overview

Fairway Group Posts Q3 Loss


Fairway Group Holdings Corp (NYSE: FWM) reported a loss in the third quarter.

Fairway reported a quarterly loss of $11.1 million, or $0.25 per share, versus a year-ago loss of $31.3 million, or $0.74 per share.

Its net sales climbed to $206.2 million versus $205.7 million, versus analysts' estimates of $209.4 million.

Adjusted EBITDA fell to $11.7 million from $12.8 million, while adjusted EBITDA margin narrowed to 5.7% from 6.2%.

The company's same-store sales slipped 2.2% in the December quarter.

Customer transactions in comparable stores dropped 3.2%, while the average transaction size at comparable stores gained 1.0%.

Jack Murphy, Fairway's CEO said, "I am extremely pleased with the third quarter performance, but even more impressed with the 4,500 team members I have met over the past few months. The organization has seamlessly embraced change, and with collective focus and discipline we were able to make significant quarter-over-quarter improvements in a number of key areas of the business, including price optimization, productivity of promotions, shrink and labor efficiency."

Fairway shares tumbled 14.03% to $4.35 in after-hours trading.


Related Articles (FWM)

View Comments and Join the Discussion!

Posted-In: lossEarnings News

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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
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