Winn-Dixie Stores, Inc., Reports Fourth Quarter Results (WINN)

Winn-Dixie Stores, Inc. WINN, today reported its financial results for the fourth quarter and fiscal year 2010, 13-week and 53-week periods, which ended on June 30, 2010. Net sales for the 13-week fourth quarter of fiscal 2010 were $1.7 billion, an increase of $30.1 million, or 1.8% compared to the 12-week fourth quarter of fiscal 2009. Net income for the 13-week fourth quarter of fiscal 2010 was $14.0 million, or $0.25 per diluted share, compared to net income of $9.4 million, or $0.17 per diluted share, for the 12-week fourth quarter of fiscal 2009. Adjusted EBITDA for the 13-week fourth quarter of fiscal 2010 was $41.3 million, compared to Adjusted EBITDA of $44.3 million for the 12-week fourth quarter of fiscal 2009. Gross profit for the 13-week fourth quarter of fiscal 2010 was $508.4 million, or 29.1% of net sales, compared to $500.4 million, or 29.2% of net sales, in the 12-week fourth quarter of fiscal 2009.