Fairway Adj. Loss Widens

(RTTNews) - Food retailer Fairway Group Holdings Corp (FWM) on Tuesday reported fourth-quarter net loss of $8.5 million or $0.20 per share compared with a loss of $8.8 million or $0.21 per share last year.

Excluding items, adjusted loss for the quarter was $719 thousand compared with a loss of $252 thousand a year ago.

Revenues for the quarter were $199.1 million compared with $200.3 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.14 per share on revenues of $203.1 million for the quarter. Analysts' estimates typically exclude special items.

Same store sales for the quarter fell 3.6%.