Content about Peter Lynch

January 16, 2012

Winn-Dixie CEO Peter Lynch is stepping down, according to published reports.

NEW YORK — Winn-Dixie CEO Peter Lynch is stepping down, according to published reports.

The Florida Times-Union reported Friday that Lynch would resign as CEO of the Jacksonville, Fla.-based supermarket chain, following its merger with Bi-Lo, but would remain for 60 to 120 more days until the merger is complete.

Following completion of the merger, Bi-Lo chairman Randall Onstead will step in as president and CEO, the newspaper reported.

November 1, 2011

Winn-Dixie's transformational remodel initiative is setting the stage for a strong 2012, the company reported Tuesday morning during its first-quarter conference call.

JACKSONVILLE, Fla. — Winn-Dixie's transformational remodel initiative is setting the stage for a strong 2012, the company reported Tuesday morning during its first-quarter conference call.

August 30, 2011

According to Winn-Dixie's chief Peter Lynch, Winn-Dixie is riding a strong headwind into fiscal 2012 powered by a number of influencers, including a marketing program that better sustains margins, its loyalty program Fuelperks!, an improved stocking system and a significant focus on improving the customer experience.

JACKSONVILLE, Fla. — According to Winn-Dixie's chief Peter Lynch, Winn-Dixie is riding a strong headwind into fiscal 2012 powered by a number of influencers, including a marketing program that better sustains margins, its loyalty program Fuelperks!, an improved stocking system and a significant focus on improving the customer experience.

May 17, 2011

Winn-Dixie president, chairman and CEO Peter Lynch expressed confidence in the grocer as it heads into its fourth quarter, maintaining that the grocer's estimated adjusted EBITDA will come in at the lower end of the $100 million to $130 million range for fiscal 2011, a 52-week period ending June 29, in light of relatively flat third-quarter results.

JACKSONVILLE, Fla. — Winn-Dixie president, chairman and CEO Peter Lynch expressed confidence in the grocer as it heads into its fourth quarter, maintaining that the grocer's estimated adjusted EBITDA will come in at the lower end of the $100 million to $130 million range for fiscal 2011, a 52-week period ending June 29, in light of relatively flat third-quarter results.

So far, the fourth quarter is looking especially positive, Lynch said. “[Identical-store] sales are low single-digit, and the performance is strong,” he told analysts Tuesday morning.

March 24, 2011

COVINGTON, La. — Winn-Dixie’s chairman, president and CEO, Peter Lynch, calls them “state of the art.” The company’s VP pharmacy, John Fegan, calls them “transformational.” They’re talking about the Jacksonville, Fla.-based supermarket chain’s glitzy new prototype store, an upscale and eye-popping showcase for everything from locally sourced foods to gluten-free and specialized dietary offerings.

February 15, 2011

Operations at Winn-Dixie Stores continued to improve across the second quarter, helping to drive shares up by 11 cents to $6.92 per share in mid-day trading.

JACKSONVILLE, Fla. — Operations at Winn-Dixie Stores continued to improve across the second quarter, helping to drive shares up by 11 cents to $6.92 per share in mid-day trading.

“Overall I feel good about our progress this quarter,” Peter Lynch, Winn-Dixie chairman, CEO and president, told analysts Tuesday morning during a conference call. “[We] continued to improve sales through strategic adjustments to our promotional activity.”

January 5, 2011

Winn-Dixie Stores on Wednesday named Laurence Appel SVP retail operations, reporting to Peter Lynch, Winn-Dixie's chairman, CEO and president.

JACKSONVILLE, Fla. — Winn-Dixie Stores on Wednesday named Laurence Appel SVP retail operations, reporting to Peter Lynch, Winn-Dixie's chairman, CEO and president.

Appel succeeds Frank Eckstein, who has retired from his current role but will continue to serve in an advisory capacity until the end of fiscal year 2011.

Appel joined Winn-Dixie in 2002 and served as general counsel, corporate secretary and SVP human resources prior to the new appointment.

August 30, 2010

Winn-Dixie on Monday reported fiscal-year net sales for the 53 weeks ended June 30 were...

JACKSONVILLE, Fla. Winn-Dixie on Monday reported fiscal-year net sales for the 53 weeks ended June 30 were $7.2 billion, a 1.6% decrease as compared with the 52 weeks of fiscal 2009.