Winn-Dixie Q1 loss widens, cuts FY10 EBITDA view
Supermarket chain Winn-Dixie Stores Inc
The company cut its full-year 2010 earnings before interest, taxes, depreciation and amortization (EBITDA) outlook to between $140 million and $160 million.
For the latest first quarter, the company posted a loss of $8.1 million, or 15 cents a share, compared with a loss of $2.3 million, or 4 cents a share, a year ago.
Sales at Winn-Dixie fell 2 percent to $1.64 billion.
Adjusted EBITDA in the first quarter of fiscal 2009 included an estimated benefit of $2.7 million due to storm-related sales net of storm-related inventory losses and other costs, the company said in a statement.
Shares of the Jacksonville, Florida-based retailer were down at $11.55 after the bell. They closed at $13.33 Monday on Nasdaq.
(Reporting by Vidya Lakshmi in Bangalore; Editing by Unnikrishnan Nair)
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