Winn-Dixie reports 2.3% sales decrease, but is 'on track'

JACKSONVILLE, Fla. Winn-Dixie Stores late Monday afternoon reported $1.7 billion in net sales for the 12-week period ended March 31, representing a decrease of 2.3% as compared with the year prior.

Identical-store sales, which exclude stores that opened or closed during the quarter, decreased 2.2% for the third quarter compared to the same period in the prior fiscal year. However, the grocer’s 51 offensive remodel stores that are still within their first year of operation had a 6.3% weighted average sales increase compared to the same period in the prior fiscal year, excluding the grand re-opening phase.

“We are pleased that our results were in line with our expectations, as we continue to navigate through this challenging economic environment,” stated Peter Lynch, Winn-Dixie chairman, CEO and president. “By effectively managing our promotional activity, and exercising discipline with respect to our overall expenses and capital spending, we remain on track to meet our financial guidance for the year.”

Login or Register to post a comment.