Fairway reports $13.9M Q1 loss

Fairway reports $13.9M Q1 loss

Fairway Group Holdings, New York, on Tuesday reported a loss of $13.9 million as sales declined by 2.3% and comps dipped by 5.3% during the fiscal first quarter.

Jack Murphy, Fairway's CEO, in a conference call discussing results urged analysts to look past the short-term struggles, noting the company invested $2.8 million during the quarter to launch advertising, promotional and customer acquisition campaigns, and sai

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