Winn-Dixie Stores Reports First Quarter Fiscal 2012 Results

First quarter identical store sales increase of 3.3%

First quarter gross margin rate improved 10 basis points from first quarter last year

First quarter Adjusted EBITDA of $7.4 million, an increase of $14.2 million from first quarter last year

Transformational format stores continue to generate strong sales

Liquidity of $551.5 million and no borrowings under revolving credit facility

Reaffirms Adjusted EBITDA guidance range of $120 to $135 million for fiscal 2012




Winn-Dixie Stores, Inc. (NASDAQ:WINN), reported its financial results for the first quarter of fiscal 2012, a 12-week period that ended on September 21, 2011.

Net sales for the first quarter of fiscal 2012 were $1.6 billion, an increase of $48.2 million or 3.1% compared to the same period in the prior fiscal year. Identical store sales increased 3.3% compared to the same period in the prior year driven by a 5.5% increase in basket size partially offset by a 2.1% decrease in transaction count.

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