"A low margin business needs big revenues"
I guess 50 + million per store, almost three times the national average, almost twice whole foods, are not considered big revenues by Char5es - the moron of seville - the idiot of this board - and his parents greatest mistake.
You got me - Fairway has "planted" me on this yahoo board - that's totally logical. In sincerity, I'm sorry you lost your job.
That said, Howie needed to go. Everyone knows that. He was WAY TOO EXPENSIVE.
Best of luck,
"Santoro never succeeded at anything."
are you saying Sterling Capital has not been a success since their inception?
You are simply lying and are clearly mistaking facts with your own emotional distress.
They have always been highly selective w respect to location... They have a formula - that said, clearly their growth is dictated by their financial ability to grow BUT, they will be opportunistic... Like many longs here, I am less concerned about their store count on a year over year basis and more inclined to see them continue to solidify the infastructure and efficiencies... It may sound like spin but I know this value of this brand.
I'm sorry, I thought you might be able to infer what this kind of investment does to profit growth in the short term - particularly b/c they are not done with paying off/and or realizing the benefit of this investment - their bronx warehouse for example is not yet operational and is a drain on cash flow - however, once operational, it will free up an adittional sale area of 15000-25000 square feet per store - that's the size of one "FRESH MARKET" freed up in each fairway store - have you ever been to Stew Lendards? This is why they are very profitiable - look at the history of the supermarket industry - recognize what phase of the business they are in.
Honestly... You are going to get a "long" or "short" opinion... Read the seeking Alpha article and read ALL the user comments.
What I can tell you is - there is no publicly traded grocery chain with higher rev/per sq ft than fairway - In terms of customer loyalty and branding, FWM is also in elite territory.
Seeking Alpha Article - I cannot post it as yahoo does not allow links posted. It's factually correct that mature urban stores(ues, uws, harlem) do upwards of 100m in rev a year. Do the math Lucy.
The idiot squawks again... Amazon Fresh(which has a limited selection) has nothing to do with FRESH DIRECT - which is losing much more money than fairway.
You're like a moronic version of Rudolph Hess.
If you've "been around super market chains forever", the first thing you would know is that nearly every chain is saddled with IMMENSE AMOUNTS OF DEBT that at some point was thought to be insurmountable... I could go through a history of such companies that are alive and well, even thriving today... Many, such as SUPERVALUE(SVU) take awhile to turn the tide... Happens to Drug Stores too - Rite Aid.
Your theories are boring and your unoriginal apocalyptic rants are juvenile. You're a fraud and a liar. The only thing you've been around forever is yourself which is punishment enough.
Congrats on your short - I said 50m per store but it is closer to 55m per store in revenue on a trailing basis 775m/14 stores - unlike yourself I don't talk about where I bought or sold but I can assure you it's well below 12.
You have been short for awhile - the story here remains in tact. Folks invested for the long term should understand that successful supermarket chains grow slow and gradually. These guys are putting the pieces in place. It's not about the stores being pretty it's about 50m per store - that's 15m more than whole foods - 25m more than sprouts. SSS are not a an accurate assessment of business or brand viability on a micro-regional scale. Every time am new fairway goes up, SSS will be vulnerable - there's 15 of them! If you think fairway is going away then sell. Also - they did not blow through their iPo funds - they paid back sterling - like it or not they are driving the ship - you'd be better served to look into their past performance then listen to idiots like this.
All you have to do is visit the fairway location and see why there will be institutional investors holding for the long-haul however long that lasts you simply cannot ignore their staggering volume and price per square-foot it adds a whole other variable with respect to Branding.