UPDATE 2-Winn-Dixie quarterly loss widens; shares fall

lunes 26 de octubre de 2009 23:28 CET
 

* Q1 loss/shr $0.15 vs loss/shr $0.04 year ago

* Q1 sales fall 2 percent

* Cuts FY 2010 EBITDA view to $140 mln-$160 mln

* Shares down 13 pct after the bell

(Recasts, adds details, updates share movement)

Oct 26 (Reuters) - Winn-Dixie Stores Inc WINN.O posted a wider quarterly loss and gave a weak 2010 outlook as recession-hit consumers shopped for lesser number of items on every visit to its stores, sending the supermarket chain's shares down 13 percent.

Same store sales -- a key measure of retail health -- decreased 1.5 percentage for the first quarter compared with the year-ago period.

The company also said sales were hurt as consumers shifted towards generic pharmaceuticals and an absence of storm-related sales that it saw last year.

Adjusting for storm-related sales and the shift from branded pharmaceuticals to cheaper generics, same store sales were flat, the company said in a statement.   Continuación...