Fairway Group (FWM) Posts Wider Q2 Loss

Fairway Group (NASDAQ: FWM) reported Q2 EPS of ($0.40), $0.21 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $194 million versus the consensus estimate of $196.7 million.

Jack Murphy, Fairway's new CEO commented, "I am very excited to lead Fairway, an iconic retailer known for its longstanding and unwavering commitment to providing a huge selection of high quality foods at great values to its millions of customers, and a company I have admired for many years. We have a unique platform and over 4,000 team members who are committed to providing great service to our customers. I believe Fairway has an exciting growth opportunity and I look forward to working with the entire Fairway team." Mr. Murphy joined Fairway on September 16, 2014.

Co-President and Chief Financial Officer Ed Arditte added, "With regard to our second quarter, we had a challenging July and August but improved our performance in September. Under Jack's leadership, we continue to focus on a number of key areas to improve our results as we move forward."

For earnings history and earnings-related data on Fairway Group (FWM) click here.

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