Winn-Dixie Cautious Despite Q4 Recovery

Winn-Dixie Stores last week posted a turnaround fourth quarter swinging to a profit from a year-ago loss but issued a cautious report about the start of fiscal 2010. Peter Lynch, Winn-Dixie's chief executive officer, confirmed the company's previously issued guidance for the current fiscal year, which began June 25, but said that current sales trends were a bit softer than

JACKSONVILLE, Fla. — Winn-Dixie Stores here last week posted a turnaround fourth quarter — swinging to a profit from a year-ago loss — but issued a cautious report about the start of fiscal 2010.

Peter Lynch, Winn-Dixie's chief executive officer, confirmed the company's previously issued guidance for the current fiscal year, which began June 25, but said that current sales trends were “a bit softer” than the company had hoped, citing competitive activity and the weak economy.

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