Press Releases

Press Releases
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2015 (4)

2014 (27)

2013 (24)

2012 (24)

2011 (21)

fred’s DECLARES QUARTERLY CASH DIVIDEND OF $0.06 PER SHARE

MEMPHIS, Tenn. (February 23, 2015) – Fred’s, Inc. (NASDAQ: FRED) today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend is payable on March 16, 2015, to shareholders of record as of March 5, 2015. read more

fred’s REPORTS JANUARY SALES

MEMPHIS, Tenn. (February 4, 2015) – Fred’s Inc. (NASDAQ: FRED) today reported sales for the four-week fiscal month of January, fourth quarter and year ended January 31, 2015.

Fred’s total sales for the month increased 3% to $138.8 million from $134.7 million in January 2014. Comparable store sales for the month increased 4.3% versus a decrease of 1.8% for the same period last year. Total sales reflect the closing of 47 stores, or 7% of total stores, during the fourth quarter, which is in line with the Company’s reconfiguration plan. read more

fred’s NAMES MICHAEL K. BLOOM PRESIDENT AND CHIEF OPERATING OFFICER

MEMPHIS, Tenn. (January 12, 2015) – Fred’s, Inc. (NASDAQ: FRED) today announced that it has named Michael K. Bloom as the Company’s President and Chief Operating Officer, effective January 12, 2015. Bloom brings to Fred’s more than 30 years of experience in small-box general merchandising, supply chain management and store operations. Most recently, he served as the President and Chief Operating Officer of Family Dollar Stores, Inc. read more

fred’s REPORTS DECEMBER SALES

MEMPHIS, Tenn. (January 8, 2015) – Fred’s Inc. (NASDAQ: FRED) today reported sales for the five-week fiscal month of December and the 11-month year-to-date period ended January 3, 2015.

Fred’s total sales for the month increased 1% to $210.7 million from $209.1 million in December 2013. Comparable store sales for the month declined 1.4% versus an increase of 1.4% for the same period last year. read more

fred’s REPORTS NOVEMBER SALES

MEMPHIS, Tenn. (December 2, 2014) – Fred’s Inc. (NASDAQ: FRED) today reported sales for the four-week fiscal month of November and the 10-month year-to-date period ended November 29, 2014.

Fred’s total sales for the month increased 2% to $154.3 million from $151.2 million in November 2013. Comparable store sales for the month decreased 2.3% versus flat sales in the same period last year. read more

fred’s REPORTS THIRD QUARTER 2014 RESULTS

MEMPHIS, Tenn. (November 25, 2014) – Fred’s, Inc. (NASDAQ: FRED) today reported financial results for the third quarter and nine months ended November 1, 2014.

For the third quarter ended November 1, 2014, Fred’s net loss totaled $10.4 million or ($0.28) per diluted share compared with net income of $7.3 million or $0.20 per share for the third quarter ended November 2, 2013. Fred’s net loss for the first nine months of fiscal 2014 was $20.8 million or ($0.56) per diluted share versus net income of $22.0 million or $0.60 per share in the year-earlier period read more

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