Winn-Dixie Earnings Easily Top Estimates - TheStreet

Retail grocer

Winn-Dixie

(WIN) - Get Report

posted fiscal second-quarter earnings Tuesday that beat Wall Street estimates by 4 cents.

The retail grocer, which operates 1,079 supermarkets in 14 states and the Bahamas, posted earnings of 26 cents a share, up from 15 cents a share in the year ago period. Six analysts polled by

First Call/Thomson Financial

produced a consensus estimate of 22 cents a share.

Revenue for the quarter was $3.9 billion, down from $4.3 billion in the year-ago period.

Jacksonville, Fla.-based Winn-Dixie said the chain plans to open and/or acquire 95 new stores and enlarge or remodel 12 existing stores by the end of this fiscal year.

In late-afternoon trading on the

New York Stock Exchange

, Winn-Dixie gained $1.81, or 10.1%, to $19.80.