May 4, 2018 / 10:13 AM / 7 months ago

BRIEF-Fred's Reports Q4 Loss Per Share $0.62

May 4 (Reuters) - Fred’s Inc:

* FRED’S REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS

* Q4 SAME STORE SALES FELL 0.9 PERCENT

* GROSS MARGIN DOWN 280 BASIS POINTS TO 24.1% IN Q4 2017 VERSUS Q4 2016

* “WE ARE EVALUATING VARIOUS OPTIONS FOR OUR RETAIL PHARMACY PORTFOLIO”

* FRED’S - SOME STRATEGIC TRANSACTIONS CO IS ACTIVELY PURSUING INCLUDE SALE OF SPECIALTY PHARMACY BUSINESS & PORTIONS OF VAST REAL ESTATE PORTFOLIO

* FRED’S - MADE SIGNIFICANT PROGRESS ON EXPENSE SIDE OF BUSINESS, IDENTIFIED $30-$40 MILLION IN OPERATING COST REDUCTIONS FOR FY 2018 Source text for Eikon: Further company coverage:

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