Winn-Dixie Roars Back With Earnings Surprise

Winn-Dixie's turnaround is off to a stronger start than many observers anticipated. Stock in Winn-Dixie soared by about 37% last Tuesday after the retailer here reported earnings of $17.8 million, or 33 cents per share, and EBITDA of $46 million for the fiscal third quarter that ended April 4. Overall sales of $1.7 billion were flat for the period, but identical-store sales increased

JACKSONVILLE, Fla. — Winn-Dixie's turnaround is off to a stronger start than many observers anticipated.

Stock in Winn-Dixie soared by about 37% last Tuesday after the retailer here reported earnings of $17.8 million, or 33 cents per share, and EBITDA of $46 million for the fiscal third quarter that ended April 4. Overall sales of $1.7 billion were flat for the period, but identical-store sales increased by 1.6%, reflecting larger average shopping baskets driven by better store

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TAGS: Marketing