Winn-Dixie Stores Inc. (WINN) reported fiscal 2010 second-quarter results after the closing bell on Tuesday. The company posted a net income of $2.1 million, compared to $16.1 million in the year-ago quarter.

Earnings per share came in at 4 cents, which surged past the Zacks Consensus Estimate of a loss of 16 cents. The better-than-expected result, driven by improved gross margin and lower operating expenses, led to a more than 9% gain in Wednesday trading.

The Jacksonville, FL-based company’s sales posted a decline of 3.3% to $2.18 billion from $2.25 billion in the prior-year period. The decrease was primarily caused by a 2.9% reduction in same-store sales, mainly due to macroeconomic headwinds, deflationary pressures and higher sales of generic drugs, compared to branded ones. The company, which emerged from bankruptcy protection in November 2006, is in the midst of remodeling its stores as part of a turnaround strategy.

Winn-Dixie’s gross profit dipped 3.0%

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Winn-Dixie Stores Inc. (WINN) reported fiscal fourth-quarter results earlier this week. The company swung to a net profit of $9.4 million from a net loss of $5.5 million in the year-ago quarter. Earnings per share came in at 17 cents, which missed the Zacks Consensus Estimate by a penny. Winn-Dixie is one of the leading food retailers in the U.S. and currently operates 515 grocery locations, including more than 400 in-store pharmacies, across Florida, Alabama, Louisiana, Georgia and Mississippi. The Jacksonville, FL-based company’s sales posted a slight growth of 1.4% year over year to $1.72 billion. This was driven by a 1.6% rise in identical-store sales, mainly due to a favorable shift in the timing of Easter holidays, partially offset by higher sales of generic drugs compared to branded ones. The company, which emerged from bankruptcy protection in November 2006, is remodeling its stores in the ...

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Shares of Winn Dixie Stores Inc. (WINN) jumped more than 24% after third-quarter earnings came in well ahead of Wall Street expectations.

The food retailer reported profit of 30 cents per share, which topped the consensus by 18 cents.

Winn Dixie also enhanced its fiscal 2009 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) guidance to between $145 million and $152 million. The earlier projection was $110 million to $125 million.

The full-year consensus estimate has moved up 160% over the past 2 months to 13 cents per share.

WINN, a Zacks #2 Rank ("Buy") stock, is trading on extraordinarily high volume of approximately 2.7 million, compared to average daily volume of about 327,000.

"WINN" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Winn-Dixie Stores Inc (WINN) shares experienced an abnormally low trading volume today. Shares were down almost 10% at $14.47.

Zacks Investment Research

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Winn-Dixie Stores, Inc. (NASD: WINN), one of the nation’s largest food retailers that currently operates 521 retail grocery locations, including more than 400 in-store pharmacies in Florida, Alabama, Louisiana, Georgia, and Mississippi, recently announced the company’s financial results from its first fiscal quarter of 2009 ended September 17, 2008. Net sales in the first quarter totaled $1.7 billion, a gain of $55.0 million, or 3.4 percent, compared to the prior-year period.

The company’s shares traded higher earlier this week after the announcement of the financial results. Winn-Dixie reported increased sales as a result of Hurricanes Gustav and Ike and Tropical Storm Fay, benefiting from pre-storm purchases and the company’s ability to reopen stores before competitors. Management is maintaining its previously issued guidance that full fiscal year 2009 adjusted EBITDA will range between $110 million and $125 million.

Chairman, chief executive officer and president, Peter Lynch, commented, “This was an excellent quarter

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