Florida's largest supermarket chain wasn't as fortunate in the fourth quarter. The company showed a net loss of $21.9 million or a loss of 16 cents per diluted share compared to a positive $13 million or nine cents per diluted share in fourth quarter 2001.
But cash on hand, a perennial barometer of a company's strength, grew to $228 million from $121 million on June 27, 2001.
In a prepared statement, Winn-Dixie chairman Allen R. Rowland attributes the fourth-quarter loss to the company's May exit in Texas and Oklahoma. The grocer closed 71 stores in Texas, five in Oklahoma and shuttered a distribution center and dairy plant in Fort Worth, TX.
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