Fairway loss mounts in Q2 as summer sales slow

Fairway Market said Thursday that sales improved by 5.9% to $194 million in the second quarter, but lower margins, declining comparable store sales and a slow summer sales season led to a $17.2 million loss. Fairway lost $12.2 million in the same period last year.

"We had a challenging July and August but improved our performance in September,” Fairway co-president Ed Arditte said in a statement.

Same store sales declined 3.9% in the quarter compared to the second quarter

Register to view the full article

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish