ANNUAL REPORTS Click below to view our Annual Report in PDF format. 2007 Annual Report 2006 Annual Report 2005 Annual Report 2004 Annual Report 2003 Annual Report 2002 Annual Report 2001 Annual Report 2000 Annual Report 1999 Annual Report Press Releases 2008  September 03, 2008 FRED'S COMPARABLE STORE SALES FOR AUGUST INCREASE 2.1% September 02, 2008 FRED'S TO PRESENT AT THE MORGAN KEEGAN 2008 EQUITY CONFERENCE August 28, 2008 FRED'S REPORTS SECOND QUARTER 2008 RESULTS August 14, 2008 FRED'S ANNOUNCES SECOND QUARTER 2008 CONFERENCE CALL WEBCAST August 07, 2008 FRED'S COMPARABLE STORE SALES FOR JULY INCREASE 4.6% July 10, 2008 FRED'S COMPARABLE STORE SALES FOR JUNE INCREASE 6.5% June 05, 2008 FRED'S REPORTS MAY SALES UP 8% AS COMPARABLE STORE SALES FOR THE MONTH INCREASE 3.4% May 29, 2008 FRED'S REPORTS FIRST QUARTER 2008 RESULTS May 16, 2008 FRED'S ANNOUNCES FIRST QUARTER 2008 CONFERENCE CALL WEBCAST May 08, 2008 FRED'S REPORTS APRIL SALES UP 8% AS COMPARABLE STORE SALES FOR THE MONTH INCREASE 4.3% April 10, 2008 FRED'S REPORTS HIGHER MARCH SALES March 27, 2008 FRED'S REPORTS YEAR-END 2007 RESULTS March 14, 2008 FRED'S ANNOUNCES YEAR-END 2007 CONFERENCE CALL WEBCAST March 06, 2008 FRED'S REPORTS HIGHER FEBRUARY SALES February 07, 2008 FRED'S ANNOUNCES STRATEGIC PLAN TO IMPROVE PROFITABILITY AND OPERATING MARGIN January 04, 2008 JOHN REIER AND GERALD THOMPSON RETIRE FROM FRED'S January 09, 2008 FRED'S REPORTS DECEMBER SALES  2007  December 06, 2007 FRED'S REPORTS NOVEMBER SALES December 05, 2007 FRED'S TO PRESENT AT THE WEDBUSH MORGAN 8TH ANNUAL CALIFORNIA DREAMIN' CONFERENCE November 29, 2007 FRED'S REPORTS THIRD QUARTER 2007 RESULTS November15, 2007 FRED'S ANNOUNCES THIRD QUARTER CONFERENCE CALL WEBCAST November 08, 2007 FRED'S REPORTS OCTOBER SALES UP 4% AS COMPARABLE STORE SALES FOR THE MONTH INCREASE 0.6% October 11, 2007 FRED'S REPORTS SEPTEMBER SALES UP 2% AS COMPARABLE STORE SALES FOR THE MONTH INCREASE 1.0% September 06, 2007 FRED'S AUGUST SALES RISE 4% AS COMPARABLE STORE SALES FOR THE MONTH INCREASE 1.7% August 29, 2007 FRED'S REPORTS SECOND QUARTER RESULTS COMPANY APPROVES STOCK REPURCHASE PLAN FOR FOUR MILLION SHARES August 28, 2007 FRED'S NAMES BRUCE EFIRD PRESIDENT AS PART OF ITS MANAGEMENT SUCCESSION PLAN JOHN REIER ASSUMES ROLE OF VICE-CHAIRMAN OF THE BOARD August 15, 2007 FRED'S ANNOUNCES SECOND QUARTER CONFERENCE CALL WEBCAST August 09, 2007 FRED'S JULY SALES RISE 6% July 12, 2007 FRED'S REPORT JUNE SALES June 14, 2007 FRED'S TO PRESENT AT WILLIAM BLAIR & COMPANY'S 27TH ANNUAL GROWTH STOCK CONFERENCE June 07, 2007 FRED'S REPORTS MAY SALES May 31, 2007 FRED'S REPORTS FIRST QUARTER RESULTS May 17, 2007 FRED'S ANNOUNCES FIRST QUARTER CONFERENCE CALL WEBCAST May 10, 2007 FRED'S REPORTS APRIL SALES April 25, 2007 FRED'S TO PRESENT AT THE LEHMAN BROTHERS 10TH ANNUAL RETAIL CONFERENCE April 10, 2007 FRED'S MARCH SALES INCREASE 9% COMPARABLE STORE SALES INCREASE 4.4% April 04, 2007 FRED'S TO PRESENT AT THE SUNTRUST ROBINSON HUMPHREY 36TH ANNUAL INSTITUTIONAL INVESTOR CONFERENCE March 30, 2007 FRED'S NAMED TO LIST OF 100 MOST TRUSTWORTHY COMPANIES IN AMERICA March 22, 2007 FRED'S REPORTS FOURTH QUARTER RESULTS March 12, 2007 FRED'S ANNOUNCES YEAR-END CONFERENCE CALL WEBCAST March 8, 2007 FRED'S REPORTS SALES FOR FEBRUARY 2007 COMPARABLE STORE SALES INCREASE 3.9% February 8, 2007 FRED'S REPORTS SALES FOR JANUARY AND FISCAL YEAR 2006 JANUARY COMPARABLE STORE SALES INCREASE 2.4% February 1, 2007 FRED'S NAMES MICHAEL T. MCMILLIAN TO ITS BOARD January 4, 2007 FRED'S DECEMBER SALES INCREASE 8% AS COMPARABLE STORE SALES RISE 2.0% 2006   December 5, 2006 FRED'S TO PRESENT AT THE WEDBUSH MORGAN 7TH ANNUAL CALIFORNIA DREAMIN' CONFERENCE November 30, 2006 FRED'S NOVEMBER SALES INCREASE 7% AS COMPARABLE STORE SALES RISE 2% November 21, 2006 FRED'S REPORTS THIRD QUARTER RESULTS November 7 , 2006 FRED'S ANNOUNCES THIRD QUARTER CONFERENCE CALL WEBCAST November 2 , 2006 FRED'S OCTOBER SALES UP 4% October 4 , 2006 FRED'S SEPTEMBER SALES RISE 10% ON 5% INCREASE IN COMPARABLE STORE SALES September 25, 2006 FRED'S TO PILOT $4 GENERIC DRUG PROGRAM September 5, 2006 FRED'S TO PRESENT AT THE 2006 MORGAN KEEGAN EQUITY CONFERENCE August 31, 2006 FRED'S AUGUST SALES RISE 12% AS COMPARABLE STORE SALES FOR THE MONTH INCREASE 6.3% August 29, 2006 FRED'S NAMES GERALD THOMPSON EVP AND CHIEF OPERATING OFFICER RICK CHAMBERS PROMOTED TO EVP – PHARMACY OPERATIONS August 24, 2006 FRED'S SECOND QUARTER NET INCOME RISES 24% August 10, 2006 FRED'S ANNOUNCES SECOND-QUARTER CONFERENCE CALL WEBCAST August 3, 2006 FRED'S JULY SALES RISE 11% AS COMPARABLE STORE SALES FOR THE MONTH INCREASE 4.5% July 6, 2006 FRED'S TOTAL SALES INCREASE 8% IN JUNE AS COMPARABLE STORE SALES FOR THE MONTH RISE 2.6% June 23, 2006 FRED'S TO PRESENT AT THE WILLIAM BLAIR 26th ANNUAL GROWTH STOCK CONFERENCE June 1, 2006 FRED'S TOTAL SALES INCREASE 9% IN MAY AS COMPARABLE STORE SALES FOR THE MONTH ADVANCE 2.4% May 24, 2006 FRED'S REPORTS FIRST QUARTER RESULTS May 10, 2006 FRED'S ANNOUNCES FIRST-QUARTER CONFERENCE CALL WEBCAST May 2, 2006 FRED'S TOTAL SALES INCREASE 13% IN APRIL AS COMPARABLE STORE SALES FOR THE MONTH ADVANCE 6.3% April 26, 2006 FRED'S TO PRESENT AT THE LEHMAN BROTHERS NINTH ANNUAL RETAIL SEMINAR April 10, 2006 FRED'S TO PRESENT AT THE SUNTRUST ROBINSON HUMPHREY 35TH ANNUAL INSTITUTIONAL INVESTORE CONFERENCE April 6, 2006 FRED'S MARCH SALES INCREASE 8% March 23, 2006 FRED'S REPORTS YEAR-END RESULTS March 9, 2006 FRED'S ANNOUNCES YEAR-END CONFERENCE CALL WEBCAST March 2, 2006 FRED'S REPORTS FEBRUARY SALES INCREASE OF 8% February 1, 2006 FRED'S REPORTS JANUARY SALES INCREASE OF 8% January 5, 2006 FRED'S DECEMBER SALES INCREASE 12% AS COMPARABLE STORE SALES RISE 1.9% 2005   December 1 , 2005 FRED'S NOVEMBER SALES INCREASE 15% AS COMPARABLE STORE SALES RISE 4.5% November 22 , 2005 FRED'S REPORTS THIRD QUARTER RESULTS November 15 , 2005 FRED'S ANNOUNCES THIRD QUARTER CONFERENCE CALL WEBCAST November 3 , 2005 FRED'S OCTOBER SALES INCREASE 12% AS COMPARABLE STORE SALES RISE 2.5% October 21 , 2005 FRED'S TO PRESENT AT THE 2005 JOHNSON RICE CONSUMER CONFERENCE October 6 , 2005 FRED'S SEPTEMBER SALES INCREASE 8% September 7 , 2005 FRED'S NAMES DOUGLAS J. TATE EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER September 2 , 2005 FRED'S EXPANDS ANNUAL SEPTEMBER 11 REMEMBRANCE TO AID FIRE, POLICE AND EMT PERSONNEL IN AREAS AFFECTED BY HURRICANE KATRINA September 1 , 2005 FRED'S AUGUST SALES INCREASE 5% August 30 , 2005 FRED'S REPORTS STORES AFFECTED BY HURRICANE KATRINA August 25 , 2005 FRED'S REPORTS SECOND QUARTER NET INCOME UP 19% August 11, 2005 FRED'S ANNOUNCES SECOND QUARTER CONFERENCE CALL WEBCAST August 04, 2005 FRED'S JULY SALES INCREASE 7% July 07, 2005 FRED'S JUNE SALES INCREASE 12% WHILE COMPARABLE STORES SALES RISE 2.1% June 16, 2005 FRED'S TO PRESENT AT THE WILLIAM BLAIR 25TH ANNUAL GROWTH STOCK CONFERENCE June 02, 2005 FRED'S MAY SALES INCREASE 11% WHILE COMPARABLE STORES SALES RISE 2% May 26 , 2005 FRED'S REPORTS FIRST QUARTER RESULTS May 13 , 2005 FRED'S ANNOUNCES FIRST QUARTER CONFERENCE CALL WEBCAST May 05 , 2005 FRED'S APRIL SALES INCREASE 11% WHILE COMPARABLE STORES SALES RISE 1.2% April 22 , 2005 FRED'S TO PRESENT AT THE LEHMAN BROTHERS EIGHTH ANNUAL RETAIL SEMINAR April 07 , 2005 FRED'S TO PRESENT AT THE SUN TRUST ROBINSON HUMPHREY 34TH ANNUAL INSTITUTIONAL INVESTOR CONFERENCE April 07 , 2005 FRED'S MARCH SALES RISE 13% AS COMPARABLE STORE SALES INCREASE 3.5% March 22 , 2005 FRED'S REPORTS FISCAL 2004 RESULTS COMPANY TO ADJUST ITS ACCOUNTING FOR LEASES March 22 , 2005 FRED'S NAMES TWO NEW DIRECTORS March 8 , 2005 FRED'S ANNOUNCES YEAR-END CONFERENCE CALL WEBCAST March 3 , 2005 FRED'S SALES RISE 14% IN FEBRUARY, AS COMPARABLE STORE SALES INCREASE 4.1% February 3 , 2005 FRED'S JANUARY SALES INCREASE 13%, AS COMPARABLE STORE SALES RISE 4.4% January 6, 2005 FRED'S DECEMBER SALES RISE 8% 2004 December 14, 2004 FRED'S NAMES JAMES R. FENNEMA EXECUTIVE VICE PRESIDENT AND GENERAL MERCHANDISE MANAGER December 2, 2004 FRED'S NOVEMBER SALES UP 8% November 23, 2004 FRED'S REPORTS THIRD QUARTER RESULTS November 9, 2004 FRED'S ANNOUNCES THIRD QUARTER CONFERENCE CALL WEBCAST November 4, 2004 FRED'S OCTOBER SALES INCREASE 12%, AS COMPARABLE STORE SALES RISE 3.2% October 7, 2004 FRED'S SEPTEMBER SALES INCREASE 13%, AS COMPARABLE STORE SALES RISE 4.3% September 8, 2004 FRED'S TO PRESENT AT THE MORGAN KEEGAN 2004 EQUITY CONFERENCE September 2, 2004 FRED'S AUGUST RETAIL SALES INCREASE 12%, REFLECTING A 3.4% RISE IN COMPARABLE STORE SALES August 26, 2004 FRED'S REPORTS SECOND QUARTER RESULTS August 26, 2004 FRED'S MOVES TIMING OF SECOND QUARTER RELEASE AND CONFERENCE CALL UNTIL LATER TODAY August 19, 2004 FRED'S ANNOUNCES SECOND QUARTER CONFERENCE CALL WEBCAST August 05, 2004 FRED'S JULY SALES UP 10% AS COMPARABLE STORE SALES INCREASE 2.5% July 30, 2004 FRED'S NAMES BDO SEIDMAN, LLP AS ITS NEW INDEPENDENT AUDITOR July 09, 2004 FRED'S TO SELECT NEW INDEPENDENT AUDITORS July 08, 2004 FRED'S JUNE SALES UP 13% ON 4.8% INCREASE IN COMPARABLE STORE SALES June 16, 2004 FRED'S TO PRESENT AT WILLIAM BLAIR & COMPANY'S 24TH ANNUAL GROWTH STOCK CONFERENCE June 03, 2004 FRED'S COMPARABLE STORES SALES RISE 5.2% IN MAY May 20, 2004 FRED'S TO PRESENT AT THE SUNTRUST ROBINSON HUMPHREY 33RD ANNUAL INSTITUTIONAL INVESTOR CONFERENCE May 20, 2004 FRED'S REPORTS FIRST QUARTER RESULTS May 07, 2004 FRED'S ANNOUNCES FIRST QUARTER CONFERENCE CALL WEBCAST May 05, 2004 FRED'S APRIL SALES INCREASE 9%, WHILE COMPARABLE STORES SALES RISE 1.5% April 26, 2004 FRED'S INC. REVISES EARNINGS OUTLOOK FOR 2004 April 22, 2004 FRED'S ANNOUNCES UPCOMING INVESTOR CONFERENCES April 08, 2004 FRED'S MARCH COMPARABLE STORE SALES INCREASE 4.1% March 23, 2004 FRED'S TO PRESENT AT MERRILL LYNCH RETAILING LEADERS AND HOUSEHOLD PRODUCTS & COSMETICS CONFERENCE March 11, 2004 FRED'S REPORTS 22% INCREASE IN FISCAL 2003 NET INCOME RECORD NEW STORE OPENINGS AND SOLID COMPARABLE STORE SALES GROWTH CONTINUE TO PRODUCE STRONG SALES RESULTS March 4, 2004 FRED'S SALES RISE 12% IN FEBRUARY AS COMPARABLE STORE SALES INCREASE 2.1% March 2, 2004 FRED'S ANNOUNCES YEAR-END CONFERENCE CALL WEBCAST February 5, 2004 FRED'S CONCLUDES FISCAL 2003 WITH RECORD JANUARY SALES, UP 13% ON 4.1% HIGHER COMPARABLE STORE SALES COMPANY SEES HIGHER SALES AND EARNINGS IN THE YEAR AHEAD January 8, 2004 FRED'S REPORTS RECORD DECEMBER SALES, UP 20% ON 7.0% HIGHER COMPARABLE STORE SALES 2003 December 4, 2003 FRED'S REPORTS RECORD NOVEMBER SALES, WHICH RISE 14% ON 3.1% HIGHER COMPARABLE STORE SALES November 20, 2003 FRED'S REPORTS 22% INCREASE IN THIRD QUARTER NET INCOME November 6, 2003 FRED'S ANNOUNCES THIRD QUARTER CONFERENCE CALL WEBCAST November 6, 2003 FRED'S REPORTS RECORD SALES FOR OCTOBER, UP 16% ON 4.0% HIGHER COMPARABLE STORE SALES October 9, 2003 FRED'S REPORTS RECORD RETAIL SALES FOR SEPTEMBER, UP 19% ON 6.9% HIGHER COMPARABLE STORE SALES September 4, 2003 FRED'S AUGUST RETAIL SALES INCREASE 22%, DRIVEN BY 7.3% RISE IN COMPARABLE STORE SALES August 21, 2003 FRED'S NET INCOME INCREASES 20% FOR THE SECOND QUARTER August 7, 2003 FRED'S ANNOUNCES SECOND QUARTER CONFERENCE CALL WEBCAST August 7, 2003 FRED'S JULY RETAIL SALES UP 22% AS COMPARABLE STORE SALES INCREASE 7.5% July 30, 2003 FRED'S ANNOUNCES MANAGEMENT PROMOTIONS AND NEW ADDITIONS TO EXECUTIVE MANAGEMENT July 10, 2003 FRED'S JUNE SALES UP 17% ON 4.6% INCREASE IN COMPARABLE STORE SALES June 5, 2003 FRED'S DECLARES THREE-FOR-TWO STOCK SPLIT June 5, 2003 FRED'S SALES INCREASE 17% IN MAY AS COMPARABLE STORE SALES INCREASE 4.8% May 22, 2003 FRED'S REPORTS FIRST QUARTER NET INCOME UP 25% TO $7.9 MILLION OR $0.30 PER DILUTED SHARE May 13, 2003 FRED'S ANNOUNCES FIRST QUARTER CONFERENCE CALL WEBCAST May 8, 2003 FRED'S SALES INCREASE 20% IN APRIL AS COMPARABLE STORE SALES INCREASE 8.1% April 10, 2003 FRED'S SALES INCREASE 20% IN MARCH AS COMPARABLE STORE SALES INCREASE 6.0% March 11, 2003 FRED'S REPORTS RECORD FOURTH QUARTER AND YEAR-END RESULTS NET INCOME INCREASES 32% IN FOURTH QUARTER March 6, 2003 FRED'S SALES INCREASE 19% IN FEBRUARY AS COMPARABLE STORE SALES INCREASE 6.2% February 28, 2003 FRED'S ANNOUNCES YEAR-END 2002 CONFERENCE CALL WEBCAST February 6, 2003 FRED'S SALES INCREASE 16% IN JANUARY January 9, 2003 FRED'S YEAR-TO-DATE SALES SURPASS $1 BILLION, AS COMPARABLE STORE SALES RISE 7.5% 2002 December 5, 2002 FRED'S TOTAL SALES INCREASE 19% IN NOVEMBER, AS COMPARABLE STORE SALES RISE 7.2% November 21, 2002 FRED'S RECORD THIRD QUARTER SALES UP 20%, DRIVING A 44% INCREASE IN EARNINGS FOR THE QUARTER November 7, 2002 FRED'S ANNOUNCES THIRD QUARTER 2002 CONFERENCE CALL WEBCAST November 7, 2002 FRED'S TOTAL SALES INCREASE 21% IN OCTOBER, DRIVEN BY 10.4% HIGHER COMPARABLE STORE SALES October 10, 2002 FRED'S REPORTS RECORD SALES FOR SEPTEMBER, UP 20% ON 10.2% HIGHER COMPARABLE STORE SALES September 5, 2002 FRED'S RECORD SALES FOR AUGUST INCREASE 20%, DRIVEN BY 10.4% HIGHER COMPARABLE STORE SALES August 20, 2002 FRED'S RECORD SECOND QUARTER SALES UP 22%, DRIVING A 56% IMPROVEMENT IN EARNINGS FOR THE QUARTER August 8, 2002 FRED'S TOTAL SALES FOR JULY INCREASE 19%, DRIVEN BY 10.2% HIGHER COMPARABLE STORE SALES August 6, 2002 FRED'S ANNOUNCES SECOND QUARTER 2002 CONFERENCE CALL WEBCAST July 18, 2002 FRED'S REITERATES POSITIVE OUTLOOK July 11, 2002 FRED'S RECORDS FIRST MID-YEAR $100 MILLION SALES MONTH JUNE TOTAL SALES UP 24%; COMPARABLE STORE SALES UP 14.0% June 26, 2002 FRED'S RAISES ITS SALES AND EARNINGS OUTLOOK FOR 2002 June 6, 2002 FRED'S SETS RECORD SALES FOR MAY MAY COMPARABLE STORE SALES INCREASE 12.2% May 28, 2002 FRED'S REPORTS FIRST QUARTER NET INCOME UP 51% May 14, 2002 FRED'S ANNOUNCES FIRST QUARTER 2002 CONFERENCE CALL WEBCAST May 14, 2002 FRED'S ENGAGES ERNST & YOUNG LLP AS ITS NEW INDEPENDENT AUDITORS SETS MAY 28 FOR RELEASE OF FIRST QUARTER 2002 RESULTS May 9, 2002 FRED'S APRIL RETAIL SALES INCREASE 22% COMPARABLE STORE SALES INCREASE 10.8% April 8, 2002 FRED'S MARCH RETAIL SALES INCREASE 26% COMPARABLE STORE SALES INCREASE 16.3% March 22, 2002 FRED’S ANNOUNCES NEW DISTRIBUTION CENTER IN DUBLIN, GEORGIA March 12, 2002 FRED'S REPORTS NET INCOME INCREASE OF 37% FOR THE FOURTH QUARTER SALES AND PROFITS REACH RECORD LEVELS FOR THE FISCAL YEAR March 7, 2002 FRED'S REPORTS RECORD SALES FOR FEBRUARY COMPARABLE STORE SALES INCREASE 16.3% February 19, 2002 FRED'S RAISES QUARTERLY DIVIDEND PAYOUT 13% ON POST-SPLIT SHARES February 7, 2002 FRED'S REPORTS RECORD SALES FOR JANUARY AND FISCAL YEAR 2001 JANUARY COMPARABLE STORE SALES INCREASE 12.7% January 15, 2002 FRED'S DECLARES THREE-FOR-TWO STOCK SPLIT January 10, 2002 FRED'S DECEMBER COMPARABLE STORE SALES UP 9.1% DECEMBER RETAIL SALES INCREASE 18% 2001 December 3, 2001 FRED'S NOVEMBER SALES INCREASE 24% COMPARABLE STORE SALES UP 15.7% FOR MONTH November 20, 2001 FRED'S THIRD QUARTER NET INCOME RISES 34% November 8, 2001 FRED'S OCTOBER SALES INCREASE 25% COMPARABLE STORE SALES UP 14.9% FOR MONTH November 5, 2001 FRED'S TO BROADCAST ITS THIRD QUARTER CONFERENCE CALL LIVE ON THE INTERNET September 25, 2001 FRED’S, INC. ANNOUNCES SALE OF 1,650,000 SHARES OF COMMON STOCK September 6, 2001 FRED’S REPORTS 16% HIGHER AUGUST SALES COMPARABLE STORE SALES INCREASE 7.8% FOR MONTH August 28, 2001 FRED'S REGISTERS OFFERING OF 1.65 MILLION COMMON SHARES August 21, 2001 FRED'S REPORTS SECOND QUARTER EARNINGS UP 28% ON 16% HIGHER SALES August 13, 2001 FRED'S TO BROADCAST ITS SECOND QUARTER CONFERENCE CALL LIVE ON THE INTERNET August 9, 2001 FRED’S JULY COMPARABLE STORE SALES INCREASE 12.4% TOTAL SALES FOR JULY INCREASE 22% July 12, 2001 FRED’S REPORTS JUNE SALES UP 15% June 7, 2001 FRED'S REPORTS MAY TOTAL SALES INCREASE 15% May 24, 2001 FRED'S DECLARES FIVE-FOR-FOUR STOCK SPLIT AND REGULAR QUARTERLY DIVIDEND May 22, 2001 FRED'S REPORTS 24% HIGHER FIRST QUARTER NET INCOME May 10, 2001 FRED’S APRIL COMPARABLE STORE SALES INCREASE 10.4% COMPANY REPORTS RECORD FIRST QUARTER SALES, UP 18% April 12, 2001 MARCH SALES INCREASE 16% TO RECORD $78.4 MILLION March 19, 2001 THOMAS H. TASHJIAN NAMED TO FRED'S BOARD OF DIRECTORS March 13, 2001 FRED'S REPORTS 47% NET INCOME INCREASE FOR THE FOURTH QUARTER AND RECORD PROFITS AND SALES FOR THE YEAR 2000 March 8, 2001 FRED'S COMPARABLE STORE SALES INCREASE 12.0% IN FEBRUARY TOTAL SALES FOR THE MONTH UP 19% TO RECORD $64.8 MILLION March 6, 2001 FRED'S TO BROADCAST ITS YEAR-END CONFERENCE CALL LIVE ON THE INTERNET February 8, 2001 FRED'S REPORTS RECORD SALES FOR JANUARY AND FISCAL YEAR 2000 JANUARY COMPARABLE STORE INCREASE 9.2% January 4, 2001 FRED'S REPORTS DECEMBER SALES THE COMPANY'S FIRST $100 MILLION SALES MONTH 2000 November 30, 2000 FRED'S REPORTS NOVEMBER SALES UP 20% DRIVEN BY 11.9% INCREASE IN COMPARABLE STORE SALES November 14, 2000 FRED'S REPORTS THIRD QUARTER NET INCOME UP 38% November 2, 2000 FRED'S REPORTS OCTOBER COMPARABLE STORE SALES UP 5.1% October 5, 2000 FRED'S REPORTS SEPTEMBER COMPARABLE STORE SALES UP 7.1% August 30, 2000 JOHN D. REIER APPOINTED TO FRED'S BOARD OF DIRECTORS August 15, 2000 FRED'S REPORTS SECOND QUARTER NET INCOME UP 66.5% August 3, 2000 FRED'S REPORTS JULY SALES UP 17.4% AS COMPARABLE STORE SALES INCREASE 10.0% August 2, 2000 FRED'S NAMES CHARLES A. BRUNJES TO NEW POST AS SENIOR VICE PRESIDENT OF STORE OPERATIONS July 6, 2000 FRED'S REPORTS JUNE SALES UP 15.2% AS COMPARABLE STORE SALES INCREASE 9.8% June 1, 2000 FRED'S REPORTS MAY COMPARABLE STORE SALES UP 10% May 16, 2000 FRED'S REPORTS FIRST QUARTER NET INCOME UP 19%.  NET SALES FOR PERIOD RISE 14%.   May 4, 2000 FRED'S REPORTS APRIL COMPARABLE STORE SALES UP 11.8%.  COMPARABLE STORE SALES FOR FIRST QUARTER REACH RECORD LEVEL. April 6, 2000 FRED'S REPORTS MARCH COMPARABLE STORE SALES UP 9.2% April 5, 2000 FRED'S EXPANDS MANAGEMENT TEAM March 7, 2000 FRED'S REPORTS 53% INCREASE IN FOURTH QUARTER EARNINGS AND ALSO REPORTS RECORD YEAR-END RESULTS  March 2, 2000 FRED'S REPORTS FEBRUARY COMPARABLE STORE SALES UP 7.1%.  TOTAL SALES INCREASE 13.0% FOR THE MONTH February 3, 2000 FRED'S REPORTS RECORD SALES FOR FISCAL 1999 JANUARY COMPARABLE STORE SALES UP 6.7%  January 6, 2000 FRED'S REPORTS DECEMBER COMPARABLE STORE SALES UP 12%.  TOTAL SALES INCREASE 16.6% FOR THE MONTH 1999 December 2, 1999 FRED'S REPORTS NOVEMBER COMPARABLE STORE SALES UP 5.7% November 16, 1999 FRED’S REPORTS THIRD QUARTER RESULTS October 7, 1999 FRED'S REPORTS OCTOBER SALES September 2, 1999 FRED'S REPORTS AUGUST SALES August 17, 1999 FRED'S REPORTS SECOND QUARTER RESULTS August 4, 1999 FRED'S REPORTS 6.3% INCREASE IN JULY COMPARABLE STORE SALES July 8, 1999 FRED'S REPORTS 11% INCREASE IN JUNE SALES. COMPARABLE STORE SALES INCREASE 5% FOR THE MONTH June 3, 1999 FRED'S REPORTS 10.4% INCREASE IN MAY SALES. COMPARABLE STORE SALES INCREASE 2.5% FOR THE MONTH May 14, 1999 FRED’S REPORTS SIGNIFICANT INCREASE IN FIRST QUARTER RESULTS May 6, 1999 FRED'S REPORTS APRIL SALES REIER BEGINS AS PRESIDENT EFFECTIVE MAY 1 April 16, 1999 FRED'S NAMES JOHN REIER PRESIDENT April 8, 1999 FRED'S REPORTS 10.1% INCREASE IN MARCH SALES COMPARABLE STORE SALES INCREASE 2.1% FOR THE MONTH March 4, 1999 FRED'S REPORTS 4.0% INCREASE IN COMPARABLE STORE SALES FOR FEBRUARY February 4, 1999 FRED'S REPORTS RECORD SALES January 7, 1999 FRED’S REPORTS 11% INCREASE IN SALES FOR DECEMBER COMPARABLE STORE SALES INCREASE 3.3% FOR THE MONTH

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