US supermarket operator Winn-Dixie Stores has reported fourth-quarter earnings back in the black compared with the same period a year ago.
A restructuring charge related to the sale of its operations in Texas and Oklahoma weighed heavy on profits this time last year. This year, the Florida-based company reported earnings of US$62.5m for the three months ended 25 June, compared with a loss of $21.9m in the year-ago period.
Sales were $2.7bn, down from $2.9bn in the same quarter last year.
For its fiscal year ending 25 June 25, the company reported earnings of $239.2m, or $1.70 a share, up from the $187.2m, or $1.33 a share, a year earlier, reported AP Online.