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Fred's Inc (FRED.OQ)

FRED.OQ on NASDAQ Stock Exchange Global Select Market

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20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

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

Fred's Inc reports Q2 loss per share of $0.18
Tuesday, 30 Aug 2016 

Fred's Inc : August same store sales fell 3 percent . Fred's announces second quarter 2016 results . Q2 sales fell 3 percent . Q2 loss per share $0.18 . August sales $159.6 million . Q2 earnings per share view $-0.21 -- Thomson Reuters I/B/E/S . Comparable store sales for Q2 declined 2.0% versus an increase of 0.9% in Q2 last year . Fred's Inc says expect changes in both total sales and comparable store sales to range from negative 1% to a positive 1% for second half of year . Says may see a loss per diluted share for second half of year in range of $0.18 to $0.23 . See Q3 loss per share deeper than Q4 loss per share .Qtrly net sales $529.5 million versus $546.1 million.  Full Article

Fred's July same store sales fell 4.6 percent
Thursday, 4 Aug 2016 

Fred's Inc July Same Store Sales View 0.0 Pct : Fred's reports july sales . Q2 sales $527.7 million versus I/B/E/S view $545.8 million . July same store sales fell 4.6 percent . July sales fell 7 percent to $154 million . On a comparable store basis, q2 sales decreased 2.0% . "we are reviewing our pharmacy reimbursement strategy to manage forward magnitude of dir fees" . - thomson reuters data . Now anticipate reporting a loss for q2 in range of $0.18 to $0.24 per share . "we are disappointed with company's performance in month of july" . "specialty pharmacy continues to be affected by industry-wide slowdown in demand for hepatitis c drugs" . Have initiatives underway that will be implemented during q3, q4 to address "recent trends in general merchandise and pharmacy" .Q2 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S.  Full Article

Fred's June same store sales fell 1.3 percent
Thursday, 7 Jul 2016 

Fred's Inc : Fred's reports June sales . June same store sales fell 1.3 percent . June sales fell 2.3 percent to $208.5 million . June same store sales view up 1.5 percent - Thomson Reuters data .Continue to see overall front store margin improvement as co expands assortments in high-margin categories.  Full Article

Fred's Inc says May sales fall 1 pct
Wednesday, 1 Jun 2016 

Fred's Inc : Rreports May sales . May sales fell 1 percent to $164.8 million . Comparable store sales for month declined 0.4 pct versus an increase of 0.3 pct for year-earlier period . Fred's total sales for first four months of fiscal 2016 increased 6 pct to $714.4 million . Retail pharmacy experienced growth in both comparable sales and script counts in May . As we enter June, expect to see lift in those general merchandise departments that are positively influenced by warm weather . During may, Fred's closed six locations, none of which had a pharmacy department . Expect that improvements in retail pharmacy script growth will continue .May same store sales fell 0.4 percent.  Full Article

Fred's reports qtrly net sales $549.5 mln versus $509 mln
Thursday, 26 May 2016 

Fred's Inc : Fred's reports first quarter 2016 earnings of $0.03 per share . Q1 earnings per share $0.03 . Q1 sales rose 8 percent . Q1 same store sales rose 1 percent . Q1 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . "Continue to see gross margin pressure in pharmacy department, margin increases in general merchandise departments" . For Q2, total sales are projected to range from flat to an increase of 2 pct versus same quarter last year . Comparable store sales are projected to range from flat to an increase of 2 pct for Q2 . Sees company now expects total sales to increase 2 pct for FY . Sees FY comparable store sales to increase 1 pct to 4 pct . Change in FY outlook is primarily driven by "industry-wide slowdown in hepatitis C specialty drug market" . Earnings per diluted share for fiscal 2016 are expected to range from $0.27 to $0.32 . Earnings per diluted share in Q2 projected to range from $0.00 to $0.03 . Expects May comparable store sales to range from slightly negative comp sales to flat comp sales . Q2 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S . Qtrly net sales $549.5 million versus $509 million . Q1 revenue view $553.9 million -- Thomson Reuters I/B/E/S .FY earnings per share view $0.27, revenue view $2.26 billion -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Fred's Inc Files For Non Timely 10-K

* FRED'S INC FILES FOR NON TIMELY 10-K - SEC FILING Source text: (https://bit.ly/2H9elEH) Further company coverage: