EmailWinn-Dixie (WINN $7.23 -0.37) reported fourth quarter GAAP earnings of
$0.13 per share, $0.03 better than the Capital IQ Consensus Estimate of GAAP
$0.10.
Revenues fell 3.8% year/year to $1.62 billion versus the $1.62 billion
consensus.
The company expects Adjusted EBITDA for fiscal 2012 to be in the range of $120
million to $135 million. Among other factors, the Company's Adjusted EBITDA
guidance is based on its current expectation that identical store sales for
fiscal 2012 will increase by 2.5% to 3.5% and gross margin rate will be slightly
higher than fiscal 2011.
Operating and administrative expenses are expected to be somewhat higher than
fiscal 2011 based on the expectation of increases in payroll and payroll-related
expenses and higher depreciation costs due to capital investments in 2012. The
Company also expects to pay no income taxes in fiscal 2012 due to the
sufficiency of its tax loss carryforwards.
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