• Bankrupt Winn-Dixie reported first quarter sales of $1.7 billion, down 3.5 percent from $1.63 million during the same period a year ago. Same-store sales were down 2.9 percent.
However, the company reported a net loss for the quarter of $90.5 million, an improvement over the $109.6 million lost during last year’s first quarter. CEO Peter Lynch said he was “very pleased” with the company’s progress. "Although it may not be immediately obvious from our financial reports, we have generally met or exceeded our internal performance objectives so far in fiscal 2006," he said.
However, the company reported a net loss for the quarter of $90.5 million, an improvement over the $109.6 million lost during last year’s first quarter. CEO Peter Lynch said he was “very pleased” with the company’s progress. "Although it may not be immediately obvious from our financial reports, we have generally met or exceeded our internal performance objectives so far in fiscal 2006," he said.
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