Winn-Dixie Owner Posts 16% Sales Decline Amid Store Closures

Southeastern Grocers’s third quarter earnings took a hit as the owner of the Winn-Dixie, Harveys Supermarket and Fresco y Más chains continued to shutter or offload more stores, according to people with knowledge of the closely held company’s performance.

The company generated $1.79 billion in revenue, a decline of 16% from the same period a year ago and a 2.7% drop from 2019, said the people, who asked not to be identified because the results are private.

Earnings before interest, taxes, depreciation and amortization were $54 million, down 51% year-over-year but up 21% from 2019, the people said. Excluding ...