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BRIEF-Fred's says May sales falls 3.1 pct to $160.1 mln
June 1, 2017 / 11:49 AM / in 6 months

BRIEF-Fred's says May sales falls 3.1 pct to $160.1 mln

June 1 (Reuters) - Fred’s Inc:

* Fred’s Pharmacy reports may sales

* May same store sales rose 0.8 percent

* May sales fell 3.1 percent to $160.1 million

* Fred’s inc - comparable store sales for may included negative 1.0% impact as result of sale of low productive discontinued inventory versus may last year

* Fred’s Inc - ‍“we are seeing substantial momentum in our retail and specialty pharmacy businesses, creating opportunities for growth throughout company”​

* Fred’s Inc says decrease in may sales is related to closure of 39 underperforming stores in q1

* Fred‘s- ‍in retail pharmacy, adjusted script comps continuing to trend positively, in specialty pharmacy business are consistently experiencing “significant” sales growth Source text for Eikon: Further company coverage:

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