Winn-Dixie Swings To 4Q Profit On Improved Margins

Winn-Dixie Stores swung to a fiscal 4th-Q profit as its cost-cutting & remodeling effort continued to drive more positive results. In after-hours trading, shares rose 4.1% at $16.25. The shares doubled since early March. Chair & CEO Peter Lynch said the grocery-store company made significant progress in executing on the fundamentals this past year, allowing for both sales & margin growth. Winn-Dixie - which reiterated its outlook for the new fiscal year - reduced costs & working to rebuild its reputation in the wake of its emergence from bankruptcy protection 2 years ago. So far the effort, that includes remodeling all the company's stores, appears to be paying off. For the quarter, Winn-Dixie reported $9.4M or 17