May 27, 2015
MEMPHIS, Tenn. (May 27, 2015) – Fred’s, Inc. (NASDAQ: FRED) today announced that the Company will participate in the Stephens Spring Investment Conference, which takes place in New York City on June 2-3, 2015. The investor presentation by Fred’s management is scheduled at 11:00 a.m. Eastern Time on Tuesday, June 2, and will be available to investors via a live webcast. A link to the webcast may be found at the investor section of the Company’s website, www.fredsinc.com, and the event will be available for replay for a period of 90 days, using that same link. read more
May 22, 2015
MEMPHIS, Tenn. (May 22, 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 June 15, 2015, to shareholders of record as of June 1, 2015.
Fred’s, Inc. operates 665 discount general merchandise stores, including 19 franchised Fred’s stores and three specialty pharmacy locations, in the southeastern United States. For more information about the Company, visit Fred’s website at www.fredsinc.com. read more
May 20, 2015
MEMPHIS, Tenn. (May 20, 2015) – Fred’s, Inc. (NASDAQ: FRED) today announced that it will provide an online Web simulcast of its first quarter 2015 earnings conference call on Thursday, May 28, 2015. The Company’s results for the first quarter ended May 2, 2015, will be released earlier that morning.
The live broadcast of Fred’s conference call will begin at 10:00 a.m. Eastern Time on May 28, 2015. An online replay will be available approximately two hours following the conclusion of the live broadcast and will continue through June 28, 2015. A link to these events can be found at www.fredsinc.com. read more
May 06, 2015
MEMPHIS, Tenn. (May 6, 2015) – Fred’s Inc. (NASDAQ: FRED) today reported sales for the four-week month of April ended May 2, 2015, and the first quarter of fiscal 2015.
Fred’s total sales for April increased 9% to $163.3 million from $149.8 million in April 2014. Fred’s sales for the prior-year month included sales of $6.0 million from 62 stores closed mainly in late 2014 pursuant to the Company’s reconfiguration plan. Excluding last year’s April sales from closed locations, total sales increased 14% for the month. Despite the effects of the recent West Coast shipping strike, abnormally cold weather in the Company’s region and the impact of an earlier Easter, comparable store sales for the month increased 0.7% compared with a decrease of 2.3% in April of last year. read more
April 20, 2015
MEMPHIS, Tenn. (April 20, 2015) – Fred’s, Inc. (NASDAQ: FRED) today announced that it has completed the previously reported $66 million acquisition of Reeves-Sain Drug Store, Inc., a private specialty and retail pharmacy company, including its EntrustRx specialty pharmacy operation.
EntrustRx, which is licensed in all 50 states, has a strong regional presence in the Southeast, serviced from facilities in Spring Hill, Tennessee and Columbus, Mississippi. It dispenses specialty pharmaceuticals to treat complex conditions and diseases that typically require ongoing support for extensive periods of time, with main therapy lines that include hepatitis C, oncology, growth hormones, multiple sclerosis, and rheumatology. The single Reeves-Sain retail pharmacy operates in Murfreesboro, Tennessee. read more
April 09, 2015
MEMPHIS, Tenn. (April 9, 2015) – Fred’s Inc. (NASDAQ: FRED) today reported sales for the five-week month of March and the two-month year-to-date period ended April 4, 2015.
Fred’s total sales for March increased 0.3% to $191.7 million from $191.0 million in March 2014. Fred’s total sales for the prior year reflected the net closing of 62 locations in 2014 pursuant to the Company’s reconfiguration plan. Excluding last year’s March sales of $8.4 million from those closed locations, total sales increased 5% for the month. Comparable store sales for the month increased 1.9% compared with a decrease of 1.2% in March of last year. read more