Winn-Dixie swings to profit in fiscal Q4

Jacksonville, Fla. Winn-Dixie Stores said late Monday that its fiscal fourth-quarter profit reached $9.4 million, as it remodeled some stores and sales edged higher.

The company reported a loss of $5.5 million in the year-ago period.

Revenue edged up about 1.0% to $1.72 billion.

Fiscal-year profit quadrupled to $39.8 million from $12.8 million last year. Revenue rose about 1.0% to $7.37 billion. Same-store sales rose 1.6%.

The grocer remodeled 75 stores in fiscal 2009, and said it is on track to remodel about half of its stores by the end of fiscal 2010 and most of its stores by the end of fiscal 2013.