Winn-Dixie Stores Increases Sales but Misses Estimates on Earnings
Feb 23rd 2012 10:00AM
Updated Feb 23rd 2012 10:12AM
Winn-Dixie Stores (NAS: WINN) reported earnings on Feb. 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 11 (Q2), Winn-Dixie Stores met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP loss per share dropped.
Gross margins dropped, operating margins were steady, net margins grew.
Winn-Dixie Stores booked revenue of $2.14 billion. The four analysts polled by S&P Capital IQ expected a top line of $2.17 billion on the same basis. GAAP reported sales were 2.3% higher than the prior-year quarter's $2.10 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.32. The four earnings estimates compiled by S&P Capital IQ averaged -$0.22 per share. GAAP EPS were -$0.32 for Q2 versus -$0.43 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.3%, 40 basis points worse than the prior-year quarter. Operating margin was -0.8%, about the same as the prior-year quarter. Net margin was -0.8%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.67 billion. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $7.08 billion. The average EPS estimate is -$0.17.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 188 members out of 226 rating the stock outperform, and 38 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Winn-Dixie Stores a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Winn-Dixie Stores is hold, with an average price target of $8.88.
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