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
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
Rick Brindle
View All Online Grocery Questions
Diane Tielbur
View All Occasion Based Marketing Questions
Viewpoints
Most Viewed News
SN Editorial Videos
The Lempert Report
Marketing analysis, issues and trends from supermarket industry analyst Phil Lempert.
The Role of Technology at Save Mart Supermarkets
Aashish Chandra, senior director of IT Save Mart, talks about his company's approach to technology.
SN Sponsored Videos
Pan-Oston Mobile Innovation Centers Tour
The Supermarket Guru shows the front-end technology you can experience during the tour.




ShareThis

David Orgel: 







