UPDATE 1-Winn-Dixie Q3 profit tops Street

Mon May 11, 2009 11:39pm BST
 
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* Q3 profit $0.30/shr vs est $0.12/shr

* Q3 rev rose slightly to $1.7 bln

* Sees adj EBITDA of $145-$152 million in fiscal 2009

* Shares up 12 pct

May 11 (Reuters) - Supermarket chain Winn-Dixie Stores Inc's (WINN.O) third-quarter profit trumped analysts' estimates, as it benefitted from product mix changes and lower transportation costs.

The company expects fiscal 2009 earnings before interest, taxes, depreciation and amortization of $145 million to $152 million.

For the third quarter ended April 1, the retail grocer earned $16.6 million, or 30 cents a share, compared with $15 million, or 28 cents a share, in the year-ago quarter.

Revenue for the grocer rose slightly to $1.7 billion.

Analysts on average were looking for a profit of 12 cents a share, before special items, on revenue of $1.72 billion, according to Reuters Estimates.  Continued...

 

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