US supermarket chain Winn-Dixie has said it expects fourth-quarter earnings before some one-time items to be lower than previously forecast because of weak sales.

The revised forecast excludes a US$7.7m payment to chief executive Al Rowland, who is to retire before the end of the fiscal year, and a $28m reduction in income tax expense.

Florida-based Winn-Dixie said it expects sales at stores open for more than a year to drop 3-4% in the fourth quarter to 25 June. The company has forecast fourth-quarter earning per share of between 28 cents and 31 cents, lower than its previous forecast of between 35 cents and 39 cents per share.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData