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BRIEF-Fred's August same store sales fell 0.5 percent
August 31, 2017 / 12:05 PM / 3 months ago

BRIEF-Fred's August same store sales fell 0.5 percent

Aug 31 (Reuters) - Fred’s Inc

* Fred’s reports August sales

* August same store sales fell 0.5 percent

* August sales $153 million versus $159.7 million

* Fred’s Inc - ‍comparable store sales for August negatively impacted by continued increase in generic dispensing rate

* Fred’s Inc - ‍comparable store sales for August negatively impacted also by 0.5% impact from sale of low productive discontinued inventory versus last year​

* Fred’s Inc- for August, decrease in total sales is related primarily to closure of 39 underperforming stores in Q1 Source text for Eikon: Further company coverage:

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