Winn-Dixie Posts $8.1M Loss in Q1
Oct 27, 2009 6:00 AM, By MARK HAMSTRA
JACKSONVILLE, Fla. — Winn-Dixie Stores here yesterday said it posted a loss of $8.1 million for the 12-week first fiscal quarter, as smaller average purchases dragged same-store sales down 1.5%.
In the year-ago first quarter, the company posted a loss of $2.3 million.
Sales in the more recent quarter, which ended Sept. 16, fell 2%, to $1.64 billion, which the company attributed to the closure of six locations in the last fiscal year and the same-store sales decline.
In a filing with the Securities and Exchange Commission, the company said average basket size fell 1.5% in the quarter, while traffic was even with year-ago levels. Winn-Dixie said a shift to generic pharmaceutical products contributed 50 basis points of the decline in same-store sales, while another 100 basis points could be attributed to a boost in hurricane-related sales a year ago.
As a percentage of net sales, gross margin was 28.3% in the most recent quarter, vs. 27.9% in the first quarter of last year. Winn-Dixie attributed the reduction to lower warehouse and transportation costs, a lower inventory accounting charge and reduced promotional activity, partially offset by an increase in shrink.
Read More of Today's Headlines
Want to use this article? Click here for options!
© 2010 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus
Subscribe / Renew to Supermarket News
The most reliable source of industry news and insight...in print and online.
- Subscribe Today and gain instant access to the online SN Archive
- Renew
- Sign up for email newsletter
advertisement
Most Viewed News
In This Week's Viewpoints
David Orgel:
How Zaucha’s NGA Defied Odds for Independents
Julie Gallagher:
Food Lion Gets It Right With Mobile Marketing Club
SN Videos
Insights From SN’s Marketer of the Year
Jon Wendel, senior vice-president of Marketing, Hy-Vee, discusses the role that Marketing plays at his company.
Misconceptions About Hispanic Shoppers
Sidney Hopper, COO of United Supermarkets’ Amigos banner, clarifies some misunderstandings about Hispanic shoppers.

















