Southeastern Grocers has filed an S-1 registration statement with the Securities and Exchange Commission for a public offering of common stock.  This action follows emergence of the company from Chapter 11 protection.  During this time management has focused on the Winn-Dixie banner and has successively disposed of Bi-Lo and Harveys stores and a distribution center.

The reconstituted company will comprise 420 stores under either the Winn-Dixie and Fresco y Mas banners in Florida, Alabama, Louisiana, Georgia, and Mississippi.  Remaining Bi-Lo stores and Harveys in this region will be disposed of to concentrate on the core business. There will be an emphasis on Florida in which three quarters of Winn Dixie stores are located.

In Fiscal 2019, Southeastern Grocers lost $116 million on net sales of $8.3 billion with an anemic comparable same store sales increase of 0.4 percent.  The COVID outbreak provided a stimulus to sales. During the half year ending July 8th 2020, the company earned $205 million on net sales of $5.3 billion with an 18 percent comparable same store sales gain. 

Southeastern Grocers anticipates opening ten stores annually in existing markets.  The company has completed upgrading of half their stores through July 2020. Remaining stores will receive a new image and will be enhanced over the coming four years.