CEO Peter Lynch

Shares of Winn-Dixie Stores Inc. continued to drop on Tuesday, a day after the grocery-store operator posted a wider loss in its first quarter and gave a weak forecast for fiscal 2010. BMO Capital Markets analyst Karen Short in a note to investors called Winn-Dixie sales a"wild card." She said there is a chance that Winn-Dixie might not meet its lower outlook, suggesting sales at stores open more than a year between a range of a 1 percent decline and a 1 percent rise. Short said she doesn't see much room for cost cutting or improving gross margins. She noted that EBITDA "is extremely ... Read Full Story

(Reuters) - Winn-Dixie Stores Inc <WINN.O> posted a wider quarterly loss and gave a weak 2010 outlook as recession-hit consumers shopped for lesser number of items on every visit to its stores, sending the supermarket chain's shares down 13 percent. Same store sales -- a key measure of retail health -- decreased 1.5 percentage for the first quarter compared with the year-ago period. The company also said sales were hurt as consumers shifted toward generic pharmaceuticals and an absence of storm-related sales that it saw last year. Adjusting for storm-related sales and the shift from branded pharmaceuticals to cheaper generics, same store sales were ... Read Full Story

Grocery-store operator Winn-Dixie Stores Inc. said Monday that its fiscal first-quarter loss widened as revenue declined due to storm-related sales and several store closures. The company's shares sank 10 percent in after-hours trading. For the quarter that ended Sept. 16, Winn-Dixie reported a loss of $8.1 million, or 15 cents per share. This included an impairment charge of 6 cents per share related to the closures of six stores, and compares with a loss of $2.3 million, or 4 cents per share, in the year-ago quarter. Sales fell 2 percent to $1.64 billion from $1.68 billion. Analysts polled by Thomson Reuters expected a loss ... Read Full Story

Jim Stevens of Jonesborough, Tennessee wakes up and sees Jesus nearly every morning lately. Somehow, the morning dew forms into the image of the Lord. From the looks of this photo from the Johnson City Press , it's a good likeness. It kind of reminds you of the Sunday School class that was studying images of Jesus. As they were studying one popular painting, the teacher said, "Boys and girls, nobody really knows for sure what Jesus looked like." One little girl said, "Well you have to admit, this looks a lot like him." We should give Mr. Stevens credit. He doesn't know why ... Read Full Story

(Reuters) - Supermarket chain Winn-Dixie Stores Inc <WINN.O> posted a wider quarterly loss, hurt by consumers shifting toward generic pharmaceuticals and the absence of storm-related sales, and cut its 2010 EBITDA outlook, sending its shares down 13 percent after the bell. 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 ... Read Full Story