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.”
Winn-Dixie enables customers to help fishermen affected by oil spill
NEW ORLEANS People wanting to help the Louisiana fishermen affected by the Deepwater Horizon oil spill off the Gulf Coast can do so when they buy groceries at any of the 36 neighborhood Winn-Dixie Stores in the New Orleans area, the grocer announced Friday.
Winn-Dixie has implemented its “Neighbors Helping Neighbors” program, a convenient way customers can donate any amount between $0.50 and $500 directly to the United Way of Greater New Orleans as they pay for their groceries. The cashier will scan a special Neighbors Helping Neighbors bar code, which automatically adds the amount designated by the customer to the total bill.
The United Way of Greater New Orleans is assisting the fishermen of St. Bernard and Plaquemines Parishes by providing food, counseling and other assistance to the fishing communities in Louisiana’s Mississippi River Delta affected by the oil spill in the Gulf of Mexico.
Winn-Dixie announced the program on Friday when the grocer and several of its vendor partners delivered three semi-trailers loaded with 42,000 lbs. of food and 28,800 gallons of bottled water to the Second Harvest Food Bank for distribution to food banks serving the two Mississippi River delta parishes.
Actavis, Sagent partner to develop and market injectable drugs
MORRISTOWN, N.J. Actavis and Sagent Pharmaceuticals have agreed to develop and market a group of injectable drugs in the United States, Actavis announced.
Under the agreement, Actavis will develop the drugs, seek Food and Drug Administration approval for them and supply them, while Sagent will market them. Financial terms of the deal were not disclosed.
“Actavis’ impressive injectable pipeline, substantial development and supply capabilities and excellent record of execution make Actavis an outstanding partner Sagent,” Sagent CEO and board chairman Jeffrey Yordon said in a statement. “This collaboration complements Sagent’s strategy by quickly adding products to our marketed portfolio, and we look forward to working with Actavis to expand our collective portfolio.”