Winn-Dixie's fiscal results reflect comeback

July 1, 2007
Winn-Dixie Stores Inc continues to progress in implementing its turnaround plan. The Jacksonville FL-based supermarket chain announced financial results

Winn-Dixie Stores Inc continues to progress in implementing its turnaround plan. The Jacksonville FL-based supermarket chain announced financial results for the 12- and 40-week periods ended April 4, 2007,

As of April 4, 2007, Winn-Dixie had about $573.4 million of liquidity, consisting of $391.7 million of borrowing availability and $181.7 million of cash and cash equivalents. The company's liquidity grew by $73.8 million from the end of its second fiscal quarter.

Identical store sales rose by 1.6% for the 12-week period and gained 1.7% for the 40-week period. Net income was $17.8 million and $280.0 million for the 12 weeks and 40 weeks of the fiscal year, respectively.

Peter Lynch, the firm's chairman, chief executive officer, and president, said, “We will continue to execute against our five key initiatives: rebuilding trust in our brand, investing capital in our stores, neighborhood marketing, associate training and development, and achieving profitable sales.”

The company emerged from Chapter 11 in November 2006.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!