December 8, 2016 / 9:20 PM / a year ago

BRIEF-Fred's Inc net sales for Q3 were $516.6 million, down 4.5 pct

Dec 8 (Reuters) - Fred’s Inc :

* Net sales for Q3 were $516.6 million, down 4.5 pct

* Recorded charges totaling $38.0 million, or $0.78 per share after tax during quarter, primarily related to inventory write-downs

* Comparable store sales for november declined 2.9 pct versus an increase of 1.7 pct in year-earlier month

* Decline in november 2016 comparable store sales reflected continued challenges in both front store and pharmacy sales

* Fred’s announces third quarter 2016 results, november sales

* Q3 sales $516.6 million versus I/B/E/S view $514.3 million

* November same store sales fell 2.9 percent

* Q3 loss per share $1.05

* November sales fell 3.6 percent to $159.7 million

* Q3 earnings per share view $-0.18 -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below