Winn-Dixie Reports 4th-quarter Profit

JACKSONVILLE, Fla. (AP) — Grocery-store operator Winn-Dixie Stores Inc. on Monday reported a fiscal fourth-quarter profit as it remodeled some stores and sales edged higher.

Profit for the quarter ended June 24 totaled $9.4 million, or 17 cents per share, compared with a year-ago loss of $5.5 million, or 10 cents per share. Analysts polled by Thomson Reuters, on average, predicted a profit of 16 cents per share.

Revenue edged up about 1 percent to $1.72 billion from $1.69 billion last year.

Fiscal-year profit quadrupled to $39.8 million, or 73 cents per share, from $12.8 million, or 24 cents per share, last year. Revenue rose about 1 percent to $7.37 billion from $7.28 billion.

Sales in stores open at least one year rose 1.6 percent. The company remodeled 75 stores in fiscal 2009, and said it is on track to remodel about half of its stores by the end of fiscal 2010 and most of its stores by the end of fiscal 2013.

Shares closed up 3 cents at $15.61.