Winn-Dixie Reports Q1 Loss, but Sales Up 3.4%

Winn-Dixie Stores said yesterday it posted a loss of $2.3 million in its fiscal first quarter, but adjusted EBITDA rose 38.5% to $27 million for the 12-week period, which ended Sept. 17.

JACKSONVILLE, Fla. — Winn-Dixie Stores here said yesterday it posted a loss of $2.3 million in its fiscal first quarter, but adjusted EBITDA rose 38.5% to $27 million for the 12-week period, which ended Sept. 17. The year-ago loss was $800,000. Sales for the quarter increased 3.4% to $1.7 billion, and identical-store sales climbed 3%. The company said approximately 110 basis points of the comp improvement resulted from sales increases related to two hurricanes and a tropical storm, which were partially offset by sales losses due to temporary store closures. Gross margin increased 40 basis points to 27.9%. The penetration rate of private brands rose 150 basis points to 22% during the quarter.

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