US: Winn-Dixie raises profit guidance
Higher fourth-quarter earnings has led US retailer Winn-Dixie Stores to raise its full-year profit forecast ahead of its annual results next month.
The company said yesterday (21 July) that it now expects adjusted EBITDA for its fiscal 2009 year to reach around US$164m - up from previous guidance of around US$152m.
Winn-Dixie expects turnover to climb 1.2% to US$7.4bn, with underlying identical-store sales also seen rising by 1.2%.
Looking ahead to fiscal 2010, identical-store sales will rise by 1-2%, Winn-Dixie said.
Gross margin is expected to be "slightly higher" than 2009, the retailer added.
US retailer Winn-Dixie has added ex-Supervalu Inc and Ahold executive Jim Smits to its management team....
The 'Kradbury' takeover saga took a further twist this week when Kraft Foods went hostile in its pursuit of Cadbury - and formally tabled the same bid it first proposed back in September. Unsurprising...
US retailer Winn-Dixie Stores today (10 November) faced public calls from investors to return cash to shareholders rather than spend money on remodelling its stores....
Winn-Dixie Stores, the US grocer, yesterday (26 October) highlighted stabilising traffic numbers despite lowering its annual guidance on falling sales and profits....
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