Winn-Dixie ‘Well Below Expectations’ in Q4 Earnings

Investments in promotional programs to attract value-oriented shoppers increased sales, but margins and earnings fell “well below expectations” for the fourth quarter and fiscal year ended June 25 at Winn-Dixie, the company said in a statement Thursday.

JACKSONVILLE, Fla. — Investments in promotional programs to attract value-oriented shoppers increased sales, but margins and earnings fell “well below expectations” for the fourth quarter and fiscal year ended June 25 at Winn-Dixie, the company said in a statement Thursday. “Although we grew sales during the fourth quarter, our promotional activity had a negative impact on both gross margin and adjusted EBITDA, causing us to fall below our earnings guidance range for the year,” Peter Lynch, c

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