JACKSONVILLE, Fla. -- Winn-Dixie Stores here said aggressive pricing and promotional programs helped boost sales while depressing earnings for the year and fourth quarter ended June 24.
-- while average store sales for the year increased 3% and identical-store sales declined 0.3%. Net earnings fell 2.8% for the year to $198.6 million.
For the 12-week quarter, sales rose 6.2% to $3.3 billion, while average store sales rose 7% and identical-store sales increased 3.1%. Net income