US grocery retailer Winn-Dixie Stores has reported a net loss of $24 million for its first quarter ended September 21, an improvement on the loss of $76.8 million in the prior year period.
Net income from discontinued operations was $500,000 up from a loss of $40.3 million during the same time in 2010 while revenue rose to $1.59 billion from $1.54 billion a year ago. The company revealed that revenue at stores open at least a year increased 3.3% during the quarter, reflecting a 5.5% rise in sales per customer. However, this was offset by a 2.1% drop in the number of transactions.
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