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.