Grocery store chain Winn-Dixie (WINN) posted fourth quarter earnings after the close of trading yesterday that were nearly cut in half.
Profits fell to $7.3 million, or $0.13 per share, from $14 million, or $0.25 per share, in last year’s fourth quarter.
Net sales fell 3.8%, to $1.6 billion, although Winn-Dixie blamed the decline on a this year’s fourth quarter being a week shorter than last year’s.
Same-store sales rose 3.2%. Per-share results were just ahead of analyst expectations, while revenue met analyst forecasts.
Winn-Dixie is looking for same-store sales growth of more than 3% in the first two quarter of the new fiscal year.
Other companies operating in Winn-Dixie’s space include SuperValu (NYSE:SVU), Safeway (SWY), and Kroger (NYSE:KR).
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