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.

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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.

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