Winn Dixie EBITDA Perspective

Winn Dixie (WINN) reported Q2 EBITDA to be up 65%. That’s fantastic until you start reading the press release with a flinty eye perspective. There are several one time events such as an insurance settlement of approximately $22.4 million and a Visa/Mastercard Settlement of nearly $2.6 million.

Management is headlining 65% increases and not fully explaining the one time nature of the special events. You almost wonder if it really should be EBITDA in the first place.