Since emerging from its bankruptcy of 2005, Winn-Dixie (Nasdaq:WINN) has struggled to really work as a stock or as a food retailing concept. Not really a value-focused player like Wal-Mart (NYSE:WMT) or Aldi, nor a top service provider like Publix or Ruddick's (NYSE:RDK) Harris Teeter, Winn-Dixie seems to be foundering a bit as it tries to rebuild its business and its market cap. With fiscal fourth quarter earnings and 2012 guidance in hand, it is hard to see where this stock really fits.
Fourth Quarter Results as Expected
Given the Winn-Dixie preannounced some of its fourth quarter results a little while ago, there was not a lot of drama in the numbers that the company did report. Reported sales fell almost 4%, while identical-store sales rose more than 3% despite a decline in store traffic.
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