Winn-Dixie Stores (WINN) Tops Q3 EPS by 18c; Raises FY09 Outlook
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Winn-Dixie Stores, Inc. (NASDAQ: WINN) reports Q3 EPS of $0.30, 18 cents better than estimates. Revenues were $1.7 billion vs. $1.72 billion consensus.
The Company now expects Adjusted EBITDA in fiscal 2009 to be between $145 million to $152 million, an increase from its previous estimate of $110 million to $125 million. The Company’s updated guidance reflects its strong performance year-to-date and its expectation for continued success maintaining an appropriate balance between sales and gross margin. In addition, the Company’s updated guidance includes a $12 million reduction in the estimated full-year LIFO charge to $19 million from the previous estimate of $31 million.[SM]
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