Press Releases

Press Releases
Archive

2015 (24)

2014 (27)

2013 (24)

2012 (24)

2011 (21)

fred’s REPORTS 12% HIGHER AUGUST SALES

MEMPHIS, Tenn. (September 3, 2015) – Fred’s Inc. (NASDAQ: FRED) today reported sales for the four week fiscal month and seven-month year-to-date period ended August 29, 2015. read more

fred’s REPORTS SECOND QUARTER 2015 RESULTS

MEMPHIS, Tenn. (August 27, 2015) – Fred’s, Inc. (NASDAQ: FRED) today reported financial results for the second quarter and six months ended August 1, 2015.

For the second quarter ended August 1, 2015, Fred’s net loss totaled $4.9 million or ($0.13) per share, which included an increase in non-cash LIFO expense that accounted for approximately ($0.05) of the per-share loss for the quarter. This compares with a net loss of $16.4 million or ($0.45) per share for the second quarter ended August 2, 2014, which included a provision for reserves related to inventory clearance and store closings totaling $14.8 million on a pretax basis or … read more

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

MEMPHIS, Tenn. (August 21, 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 September 15, 2015, to shareholders of record as of September 1, 2015. read more

fred’s ANNOUNCES SECOND QUARTER 2015 CONFERENCE CALL WEBCAST

MEMPHIS, Tenn. (August 18, 2015) – Fred’s, Inc. (NASDAQ: FRED) today announced that it will provide an online Web simulcast of its second quarter 2015 earnings conference call on Thursday, August 27, 2015. The Company’s results for the second quarter ended August 1, 2015, will be released earlier that morning. read more

fred’s REPORTS 11% HIGHER JULY SALES

MEMPHIS, Tenn. (August 6, 2015) – Fred’s Inc. (NASDAQ: FRED) today reported sales for the four-week month of July, which ended August 1, 2015.

Fred’s total sales for the month increased 11% to $164.7 million from $148.9 million in July 2014. Excluding $5.6 million from last year’s July sales related to 57 subsequently closed locations, total sales increased 16% for the month. Comparable store sales for the month increased 0.7%, the same as in the year-earlier period. read more

fred’s REPORTS 12% HIGHER JUNE SALES

MEMPHIS, Tenn. (July 9, 2015) – Fred’s Inc. (NASDAQ: FRED) today reported sales for the five-week month of June, which ended July 4, 2015.

Fred’s total sales for the month increased 12% to $212.9 million from $190.8 million in June 2014. Excluding $7.4 million from last year’s June sales for 56 subsequently closed locations, total sales increased 16% for the month. Comparable store sales for the month increased 1.6% compared with a decrease of 0.6% in the same period last year. read more

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