Winn-Dixie Shares Soar on Earnings Surprise

Stock in Winn-Dixie Stores rocketed by more than 30% Tuesday after the retailer here reported its post-bankruptcy turnaround program produced better-than-anticipated results during the third quarter that ended April 4.

JACKSONVILLE, Fla. — Stock in Winn-Dixie Stores rocketed by more than 30% Tuesday after the retailer here reported its post-bankruptcy turnaround program produced better-than-anticipated results during the third quarter that ended April 4. Winn-Dixie posted net earnings of $17.8 million, vs. a loss of $29 million a year ago. Overall sales of $1.2 billion decreased slightly for the period, but identical-store sales increased by 1.6%, reflecting larger average shopping baskets driven by better

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