"We were challenged by the economy," Peter Lynch, Winn-Dixie president and CEO, told the Florida Times-Union. "It's a little bit of a setback but it's consistent with what's going on in America."
Winn-Dixie reported a net loss of $8.1 million, or 15 cents per diluted share, for the three months ended Sept. 16. The loss included an impairment charge of $3.5 million related to store closings.
Total sales for the quarter fell 2% to $1.6 billion, partly due to six store closings in fiscal 2009. Identical store sales fell 1.5% because of an absence of storm-related sales this year, as well as a shift to generic pharmaceutical sales.
Click here for the full story by the Times-Union.
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