The 70-year-old, Jacksonville, FL-based firm, which has a large metro Orlando presence, reported a second-quarter profit of $12.2 million or nine cents a diluted share. First-quarter profit was $9.4 million or seven cents a share. The 70-year-old company lost $229 million in fiscal 2000 that ended June 28.
The grocer is predicting earnings of 95 cents to $1.05 per share in fiscal 2001, and $1.60 to $1.75 per share in fiscal 2002. First Call/Thomson Financial analysts are only projecting earnings of 81 cents for 2001 and 91 cents for 2002.
On Wall Street, Winn-Dixie's shares are up 10.8% to $19.88 per share, outpacing its 52-week low of $13.44 per share on the New York Stock Exchange.
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