WinnDixie Stores Inc. (WINN, Financial) filed Quarterly Report for the period ended 2012-01-11.
Winn-dixie Strs has a market cap of $536.9 million; its shares were traded at around $9.47 with and P/S ratio of 0.1.
Our identical store sales increased 2.5% and 2.9% for the second quarter and year-to-date periods of fiscal 2012, respectively, as compared to the same period in the prior fiscal year, due primarily to a pass-through of inflationary price increases in certain categories, and to increases in sales from our fuelperks!® rewards program, computer generated ordering initiatives, and our remodeled stores. The increases were partially offset by competitive activity and other general market factors, and the continued mix shift from brand name pharmaceutical products to generics.
Net sales. Net sales for the 16 and 28 weeks ended January 11, 2012, increased as compared to the same period in the prior fiscal year due primarily to the increase in identical store sales. We define identical store sales as sales from continuing operations stores, including stores that we remodeled or enlarged during the period and excluding stores that opened or closed during the period.
Gross profit as a percentage of net sales for the 28 weeks ended January 11, 2012, decreased as compared to the same period in the prior fiscal year due primarily to pricing and promotional programs (30 basis points) and a higher LIFO charge (10 basis points), offset by decreases in other costs, including warehouse costs and inventory shrink (20 basis points).
Results of operations for the 31 closed stores were classified as discontinued operations. Net sales from discontinued operations for the 16 and 28 weeks ended January 11, 2012, were $0.0 million and $2.2 million, respectively. Net sales from discontinued operations for the 16 and 28 weeks ended January 12, 2011, were $4.0 million and $54.2 million, respectively.
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Winn-dixie Strs has a market cap of $536.9 million; its shares were traded at around $9.47 with and P/S ratio of 0.1.
Highlight of Business Operations:
During the 16 and 28 weeks ending January 11, 2012, our sales were impacted positively by inflation and sustainable merchandising and marketing initiatives and were impacted negatively by competitive activity and other general market factors. As a result, our net sales increased 2.3% and 2.7% for the 16 and 28 weeks ended January 11, 2012, respectively, as compared to the corresponding periods in the prior fiscal year.Our identical store sales increased 2.5% and 2.9% for the second quarter and year-to-date periods of fiscal 2012, respectively, as compared to the same period in the prior fiscal year, due primarily to a pass-through of inflationary price increases in certain categories, and to increases in sales from our fuelperks!® rewards program, computer generated ordering initiatives, and our remodeled stores. The increases were partially offset by competitive activity and other general market factors, and the continued mix shift from brand name pharmaceutical products to generics.
Net sales. Net sales for the 16 and 28 weeks ended January 11, 2012, increased as compared to the same period in the prior fiscal year due primarily to the increase in identical store sales. We define identical store sales as sales from continuing operations stores, including stores that we remodeled or enlarged during the period and excluding stores that opened or closed during the period.
Gross profit as a percentage of net sales for the 28 weeks ended January 11, 2012, decreased as compared to the same period in the prior fiscal year due primarily to pricing and promotional programs (30 basis points) and a higher LIFO charge (10 basis points), offset by decreases in other costs, including warehouse costs and inventory shrink (20 basis points).
Results of operations for the 31 closed stores were classified as discontinued operations. Net sales from discontinued operations for the 16 and 28 weeks ended January 11, 2012, were $0.0 million and $2.2 million, respectively. Net sales from discontinued operations for the 16 and 28 weeks ended January 12, 2011, were $4.0 million and $54.2 million, respectively.
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