Fairway Group Holdings Corp. Reports Second Quarter Results

Net sales were $179.8 million for the second quarter of fiscal 2016 compared to $194.0 million for the second quarter of fiscal 2015. The decrease in net sales...

November 6, 2014

1 minute read

Net sales were $179.8 million for the second quarter of fiscal 2016 compared to $194.0 million for the second quarter of fiscal 2015. The decrease in net sales was primarily due to lower same store sales and lower net sales from the new store that opened during the second quarter of fiscal 2015 due to the typical higher than normal net sales we experienced during the grand opening period. Promotional activity during the second quarter of fiscal 2016 was approximately $0.8 million, compared to $0.3 million during the same period of the prior year.

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