Key Developments For Winn-Dixie Stores, Inc.
Winn-Dixie Stores, Inc. (WINN.O) (Nasdaq)
Winn-Dixie Stores, Inc. To Offer Affordable Health Insurance To Customers In Florida Stores
Winn-Dixie Stores, Inc. announced that it has partnered with Blue Cross and Blue Shield of Florida (BCBSF) to offer its customers Health Cards in all 353 of its Florida Winn-Dixie and Save-Rite locations. The program consists of two options: the $59 Gift of Health Care card and $19 FamilyBlue discount card.
Winn-Dixie Stores, Inc. Lowers FY 2010 EBITDA Guidance
Winn-Dixie Stores, Inc. revised its guidance for fiscal 2010 to reflect changes in the economic environment, changes in customer behavior and the expectation that the current level of food deflation will be replaced with a low level of food inflation later in fiscal 2010. The Company now expects fiscal 2010 adjusted EBITDA to be in the range of $140 to $160 million. According to Reuters Estimates, analysts on an average were expecting the Company to report EBITDA of $153 million for fiscal 2010.
Winn-Dixie Stores, Inc. Reaffirms FY 2010 EBITDA And Identical Store Sales Outlook; Raises FY 2010 Net Profit Guidance
Winn-Dixie Stores, Inc. reiterated its Adjusted EBITDA guidance for fiscal 2010, initially announced on July 22, 2009, for Adjusted EBITDA to be in the range of $170 to $180 million. Identical store sales for fiscal 2010 will be in the range of 1% to 2% and net income of $26 to $36 million. According to Reuters Estimates, analysts on an average were expecting the Company to report of EBITDA of $172 million and net profit of $33 million for fiscal 2010.
Winn-Dixie Stores, Inc. Issues FY 2009 Outlook; Raises FY 2009 EBITDA Outlook; Issues FY 2010 Earnings Outlook; EBITDA Outlook Above Estimates; Comments On FY 2009, 2010 Identical Store Sales Outlook
Winn-Dixie Stores, Inc. raised adjusted EBITDA guidance for fiscal 2009. The Company now expects adjusted EBITDA for fiscal 2009 to be approximately $164 million, exceeding the high-end of its previous guidance of $152 million, due primarily to a higher gross profit margin achieved in the fourth quarter and a reduction in its estimated annual LIFO charge to $15 million from its previous estimate of $19 million. The Company expects to report net sales for fiscal 2009 of approximately $7.4 billion, with identical stores sales from continuing operations up 1.2% compared to the prior fiscal year and net income of $40 million. For Fiscal 2010, it expects adjusted EBITDA to be in the range of $170-$180 million. Identical store sales for fiscal 2010 will be in the range of 1% to 2% and net income of $14-$19 million. According to Reuters Estimates, analysts on an average were expecting the Company to report EBITDA of $150 million and revenues of $7.4 billion for fiscal 2009; EBITDA of $162 million for fiscal 2010.
Winn-Dixie Stores, Inc. Raises FY 2009 Guidance
Winn-Dixie Stores, Inc. raised annual adjusted EBITDA guidance for fiscal 2009 to be in the range of $145 to $152 million, an increase from its previous estimate of $110 to $125 million. According to Reuters Estimates, analysts on an average were expecting the Company to report EBITDA of $126 million for fiscal 2009. The Company's updated guidance reflects its strong performance year-to-date and its expectation for continued success maintaining an appropriate balance between sales and gross margin.
