JACKSONVILLE, Fla. — Southeastern Grocers here, parent of the Winn-Dixie and Bi-Lo chains, said net income from continuing operations declined in the fiscal third quarter.
In a filing with the Securities and Exchange Commission, the company, which is planning an initial public offering, said net income from continuing operations was down about 34.6%, to $14.2 million, for the 12-week period that ended Oct. 2. Sales were up slightly, to $2.25 billion.
For the 40-week period that ended Oct. 2, the company said comparable-store sales increased 0.5% over year-ago results from a 0.3% increase in average transaction size and a 0.2% increase in number of transactions. The company attributed the comparable-store sales increase for the 40-week period to sales increases from pricing and promotional programs such as fuelperks! and other programs designed to increase the average basket size and sales increases from its remodel program, offset by an increase in new competitive openings and a prior-year increase in sales due to the effect of a tropical storm that occurred in fiscal 2012.
Read more: Bi-Lo/Winn-Dixie Parent Files for IPO
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