Winn-Dixie expects slight decline in year-end sales
JACKSONVILLE, Fla. — Winn-Dixie on Monday announced that net identical-store sales for the fiscal year ended June 29 are expected to be approximately $6.9 billion, reflecting a 0.1% decrease.
Net loss from continuing operations is expected to be approximately $30 million, or 54 cents per diluted share, compared to net income from continuing operations of $37 million or 67 cents per diluted share for fiscal 2010. And Winn-Dixie expects to report full-year Adjusted EBITDA of $114 million, compared to $151 million for fiscal 2010.
“We are very pleased with our results for fiscal 2011, which fell within our previously announced guidance despite a continued inflationary environment and a waning economic recovery," said Peter Lynch, Winn-Dixie chairman, CEO and president. "This year, we strategically managed our promotional activity and merchandising efforts and aligned those programs with our retail initiatives to better meet the needs of our guests and strengthen our brand over the long term.”
These preliminary results remain subject to the year-end audit process, the grocer stated. Winn-Dixie plans to report its final full-year results and provide fiscal 2012 guidance after the market closes Aug. 29.