Winn-Dixie bounces back from brink

Jacksonville, Florida: Winn-Dixie, the US supermarket chain that emerged from bankruptcy last November, has recorded EBITDA of $36.3m (£18.39m) for the nine months to 4 April, against a loss of $7.9m (£3.9m) in the same period last year. Like-for-like sales for the period rose 1.7%, boosted by a 3.2% increase in average basket spend. "The improved results we achieved reflect early progress in our multi-year turnaround plan," said CEO and president Peter Lynch.