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Fred's Inc (FRED.OQ)

FRED.OQ on NASDAQ Stock Exchange Global Select Market

1.99USD
20 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Fred's Lowers Revolving Loan Commitment To $210 Million
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Fred's Inc ::FRED'S SAYS ON AUG 23 CO, UNITS ENTERED AMENDMENTS TO SOME CREDIT, SECURITY AGREEMENTS TO LOWER REVOLVING LOAN COMMITMENT TO $210 MILLION - SEC FILING.  Full Article

Fred’s Reaches Definitive Agreement To Sell Specialty Pharmacy Unit
Monday, 7 May 2018 

May 7 (Reuters) - Fred's Inc ::FRED’S REACHES DEFINITIVE AGREEMENT TO SELL SPECIALTY PHARMACY UNIT.FRED’S REACHES DEFINITIVE AGREEMENT TO SELL SPECIALTY PHARMACY UNIT.FRED'S INC - AGGREGATE CONSIDERATION TO BE PAID IS $40.0 MILLION, PLUS AN AMOUNT EQUAL TO VALUE OF INVENTORY OF ENTRUSTRX.FRED'S INC - REACHED AGREEMENT TO SELL CERTAIN ASSETS OF ENTRUSTRX TO A SUBSIDIARY OF CVS HEALTH CORP.FRED'S INC - CASH PROCEEDS FROM DEAL WILL ALLOW CO TO PAY DOWN A SIGNIFICANT PORTION OF DEBT.  Full Article

Fred's Reports Q3 Same Store Sales Fell 0.8 Percent
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Fred's Inc ::FRED'S INC. REPORTS THIRD QUARTER 2017 RESULTS.Q3 SALES $493.6 MILLION VERSUS I/B/E/S VIEW $499.8 MILLION.Q3 SAME STORE SALES FELL 0.8 PERCENT.- QTRLY LOSS EARNINGS PER SHARE $1.38.-COMP STORE SALES IN Q3 OF 2017 INCLUDED NEGATIVE 36 BPS IMPACT AS RESULT OF SALE OF LOW PRODUCTIVE DISCONTINUED INVENTORY VERSUS Q3 OF 2016.FRED'S - Q3 INCLUDED CHARGES OF $0.96 PER SHARE AFTER TAX.Q3 EARNINGS PER SHARE VIEW $-0.13 -- THOMSON REUTERS I/B/E/S.FRED'S - Q3 EPS, ADJUSTED EBITDA NEGATIVELY IMPACTED BY MORE AGGRESSIVE INVENTORY REDUCTION.FRED'S - Q3 EPS, ADJUSTED EBITDA ALSO NEGATIVELY IMPACTED BY TIMING OF SHIPMENTS FOR HIGHER MARGIN SEASONAL MERCHANDISE.  Full Article

Fred's Pharmacy announces senior management appointments
Monday, 13 Feb 2017 

Fred's Inc : Fred's Pharmacy announces senior management appointments .Fred's-Names Gregory Froton Senior VP, merchandising, general merchandise; names Kimberley Felice-Dooley as Senior VP, merchandising - consumables.  Full Article

BRIEF-Fred’s Reaches Definitive Agreement To Sell Specialty Pharmacy Unit

* FRED’S REACHES DEFINITIVE AGREEMENT TO SELL SPECIALTY PHARMACY UNIT