Key Developments: Fairway Group Holdings Corp (FWM.OQ)

FWM.OQ on NASDAQ Stock Exchange Global Market

2.80USD
24 Dec 2014
Price Change (% chg)

$-0.03 (-1.06%)
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Latest Key Developments (Source: Significant Developments)

Fairway Group Holdings Corp names Jack Murphy, Co-Founder Of Fresh Fields, as CEO
Thursday, 18 Sep 2014 05:32pm EDT 

Fairway Group Holdings Corp:Appoints Jack Murphy, a seasoned retail executive with strong experience in specialty food retailing, as Chief Executive Officer of the company.Bill Sanford, who was appointed Interim Chief Executive Officer in Feb. while the company undertook a search for a new CEO, has decided to leave company to pursue other interests.  Full Article

Fairway Group Holdings Corp gives Q2 2015 guidance; EBITDA guidance below analysts' estimates; gives FY 2015 guidance below analysts' estimates - Conference call
Thursday, 7 Aug 2014 04:30pm EDT 

Fairway Group Holdings Corp:Sees Q2 2015 revenue very similar to Q1 2015 and guides to revenue of about $197 mln.Sees Q2 2015 EBITDA of about $8 mln to $8.5 mln.Expects FY 2015 sales to be in range of $805 mln to $815 mln and adjusted EBITDA to be in $45 mln range.Q2 2015 revenue of $194 mln and EBITDA of $10.2 mln - Thomson Reuters I/B/E/S.FY 2015 revenue of $821 mln and EBITDA of $46 mln - Thomson Reuters I/B/E/S.  Full Article

Fairway Group Holdings Corp gives FY 2015 guidance below analysts' estimates; gives Q1 2015 EBITDA guidance; revenue guidance below analysts' estimates - Conference Call
Thursday, 29 May 2014 04:30pm EDT 

Fairway Group Holdings Corp:Expects FY 2015 mid-single-digit sales growth with adjusted EBITDA being flat to modestly positive.Expects Q1 2015 sales to be in the $195 million to $197 million range.Expects Q1 2015 adjusted EBITDA to be about $11 million.Reported revenue of $775.99 million and EBITDA of $48.82 million in FY 2014.FY 2015 revenue of $840.26 million and EBITDA of $50.89 million - Thomson Reuters I/B/E/S.Q1 2015 revenue of $205 million and EBITDA of $11 million - Thomson Reuters I/B/E/S.  Full Article

Pomerantz Law Firm files class action against Fairway Group Holdings Corporation
Friday, 11 Apr 2014 04:07pm EDT 

Pomerantz LLP:Filed a class action lawsuit against Fairway Group Holdings Corporation and certain of its officers.Class action, filed in United States District Court, Southern District of New York.Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies.Fairway's same store sales were declining and Company's direct store expenses were increasing and financial forecasts were wholly unrealistic.  Full Article

Pomerantz LLP files class action against Fairway Group Holdings Corporation
Friday, 4 Apr 2014 08:00am EDT 

Pomerantz LLP:Files a class action lawsuit against Fairway Group Holdings Corporation and certain of its officers.Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies.Fairway's same store sales were declining.Says its direct store expenses were increasing and financial forecasts were wholly unrealistic.  Full Article

Lieff Cabraser announces class action litigation against Fairway Group Holdings Corp
Friday, 7 Mar 2014 09:00am EST 

Lieff Cabraser Heimann & Bernstein, LLP:Says that class action litigation has been brought on behalf of those who purchased or otherwise acquired the securities of Fairway Group Holdings Corp. between April 17, 2013 and Feb. 6, 2014.Pursuant and/or traceable to the company's Registration Statement and Prospectus ("Registration Statement") issued in connection with Fairway's initial public offering ("IPO") on April 17, 2013.  Full Article

Howard G. Smith files class action lawsuit against Fairway Group Holdings Corp
Tuesday, 4 Mar 2014 10:32am EST 

Howard G. Smith:Files a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the securities of Fairway Group Holdings Corp. between April 16, 2013 and Feb. 6, 2014, inclusive.  Full Article

Rigrodsky & Long, P.A. files class action lawsuit against Fairway Group Holdings Corp
Friday, 28 Feb 2014 03:00pm EST 

Rigrodsky & Long, P.A:Says Complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Fairway Group Holdings Corp. between April 16 and Feb. 6.The Complaint alleges that the defendants concealed from the investing public that Fairway's same store sales were declining, direct store expenses were increasing, financial forecasts were wholly unrealistic and public statements were materially false and misleading at all relevant times.  Full Article

Rosen Law Firm, P.A. announces filing of class action lawsuit against Fairway Group Holdings Corp
Monday, 24 Feb 2014 01:55pm EST 

Rosen Law Firm, P.A:Class action lawsuit has been filed on behalf of purchasers of the securities of Fairway Group Holdings Corp between April 16, 2013 and Feb. 6, 2014, inclusive seeking remedies under the federal securities laws.Lawsuit alleges that during the Class Period, the Company and certain of its executive officers misrepresented or failed to disclose that Fairway's same store sales were declining.Fairway's direct store expenses were increasing and Fairway's financial forecasts were unrealistic and unobtainable.  Full Article

Gainey McKenna & Egleston announces class action lawsuit against Fairway Group Holdings Corp
Wednesday, 19 Feb 2014 08:30pm EST 

Fairway Group Holdings Corp:Gainey McKenna & Egleston announced a class action lawsuit filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased the common stock of Fairway Group Holdings Corp.Complaint alleges that the Registration Statement failed to disclose and/or misrepresented.Says company's operating and management structure were not capable of effectively running its expanding business.Says company had millions of dollars of redundant costs built into its budget.Says that competitive pricing pressure from grocery chains like Whole Foods and Trader Joe's was negatively impacting same store sales trends and profit margins.Says that the terms of a new store lease in the Chelsea section of Manhattan, were not financially viable.  Full Article

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