Fred's, Inc. (FRED) - NASDAQ
  • Thu, May 26, 9:03 AM
    • Fred's (FRED) reports comparable-store sales rose 1% in Q1.
    • Gross margin rate dropped 120 bps to 25.7%.
    • Adjusted SG&A expense rate improved 170 bps to 25.2% due to controlled labor within the pharmacy department, lowered occupancy costs and improved supply chain efficiencies.
    • Adjusted EBITDA increased 35.4% to $15.7M for the period.
    • Q2 Guidance: Total sales: flat to +2%; Comparable-store sales: flat to +2%; Adjusted EBITDA : $14M to $17M (+90% to +130%); Diluted EPS: flat to $0.03.
    • FY2016 Guidance: Total sales: +2% to +6%; Comparable-store sales: +1% to +4%; Adjusted EBITDA : $73M to $78M (+35% to +45%); Diluted EPS: $0.27 to $0.32.
    | Thu, May 26, 9:03 AM
  • Thu, May 26, 7:51 AM
    • Fred's (NASDAQ:FRED): Q1 EPS of $0.03 beats by $0.01; Adjusted EPS of $0.04.
    • Revenue of $549.6M (+8.0% Y/Y) misses by $4.3M.
    • Press Release
    | Thu, May 26, 7:51 AM
  • Wed, May 25, 5:30 PM
    | Wed, May 25, 5:30 PM | 4 Comments
  • Wed, Mar. 23, 9:19 AM
    • Fred's (FRED) reports comparable-store sales rose 1.7% in Q4.
    • Adjusted gross margin rate fell 200 bps to 25%.
    • Adjusted SG&A expense rate improved 280 bps to 24.3% due to controlling occupancy costs, labor expense and specialty pharmacy operating expenses.
    • Adjusted EBITDA grew 22% to $15.75M for the quarter.
    • Q1 Guidance: Total sales: +8% to +12%; Comparable-store sales: +1% to +3%; Adjusted EBITDA : $13M to $16M; Diluted EPS: flat to $0.03.
    • FY2016 Guidance: Total sales: +5% to +9%; Comparable-store sales: +2% to +5%; Adjusted EBITDA : $73M to $78M (+35% to +45%); Diluted EPS: $0.27 to $0.32.
    | Wed, Mar. 23, 9:19 AM
  • Wed, Mar. 23, 7:48 AM
    • Fred's (NASDAQ:FRED): Q4 EPS of $0.07 misses by $0.02.
    • Revenue of $554.58M (+9.9% Y/Y) misses by $2.67M.
    • Press Release
    | Wed, Mar. 23, 7:48 AM
  • Tue, Mar. 22, 5:30 PM
  • Nov. 24, 2015, 7:47 AM
    • Fred's (NASDAQ:FRED): Q3 EPS of $0.10 in-line.
    • Revenue of $541M (+13.6% Y/Y) beats by $3.9M.
    | Nov. 24, 2015, 7:47 AM
  • Nov. 23, 2015, 5:30 PM
    | Nov. 23, 2015, 5:30 PM | 4 Comments
  • Aug. 27, 2015, 8:07 AM
    • Fred's (NASDAQ:FRED) reports comparable-store sales rose 0.9% in Q2.
    • The company's gross margin rate improved 110 bps to 24.2%.
    • SG&A expense rate fell 280 bps to 25.6% of sales as some G&A expenses leveraged off.
    • Challenges in the pharmacy part of the business offset strength at the front-end of stores during the quarter. The company has retained A.T. Kearney to help it improve results in the pharmacy department.
    • Guidance: Sales growth of 12% to 14% expected for Q3 and EPS of $0.08-$0.12 vs. $0.15 consensus.
    • Previously: Fred's beats by $0.05, misses on revenue
    | Aug. 27, 2015, 8:07 AM
  • Aug. 27, 2015, 7:55 AM
    • Fred's (NASDAQ:FRED): Q2 EPS of -$0.08 beats by $0.05.
    • Revenue of $546.08M (+11.2% Y/Y) misses by $1.72M.
    | Aug. 27, 2015, 7:55 AM
  • May 28, 2015, 7:55 AM
    • Fred's (NASDAQ:FRED) reports comparable-store sales rose 0.8% in Q1.
    • The company's gross margin rate fell 170 bps to 26.9% as store closings and a pharmacy mix shift led to some sales deleverage.
    • Margins were also impacted by a slow pace of Medicare reimbursements.
    • SG&A expense rate +30 bps to 26.9%.
    • Q2 Guidance: Revenue expected to increase 16% to 19%. Comps seen rising 1% to 3%. EPS of $0.02-$0.07 forecast vs. $0.02 consensus.
    • Previously: Fred's beats by $0.01, revenue in-line
    | May 28, 2015, 7:55 AM
  • May 28, 2015, 7:47 AM
    • Fred's (NASDAQ:FRED): Q1 EPS of $0.00 beats by $0.01.
    • Revenue of $509M (+2.2% Y/Y) in-line.
    | May 28, 2015, 7:47 AM
  • May 27, 2015, 5:30 PM
  • Mar. 26, 2015, 8:08 AM
    • Fred's (FRED) reports comparable-store sales were flat in Q4.
    • The company's gross margin rate fell 240 bps to 24.6%.
    • SG&A expense rate grew 180 bps to 27.7% due to increased labor and occupancy costs related to pharmacy department growth.
    • FQ1 Guidance: Total sales: flat to +2%; Comparable-store sales: flat to +2%; Diluted EPS: flat to +$0.03.
    • FY2015 Guidance: Total sales: +10% to +15%; Comparable-store sales: +4% to +6%; Diluted EPS: $0.50 to $0.58.
    | Mar. 26, 2015, 8:08 AM
  • Mar. 26, 2015, 7:49 AM
    • Fred's (NASDAQ:FRED): Q4 EPS of $0.02 beats by $0.01.
    • Revenue of $504.43M (+1.9% Y/Y) misses by $3.03M.
    | Mar. 26, 2015, 7:49 AM
Company Description
Fred's, Inc. engages in the operation of general merchandise stores. It manages express and franchised stores, full service pharmacies and specialty pharmacy facility. The company was founded in 1947 and is headquartered in Memphis, TN.
Sector: Services
Industry: Discount, Variety Stores
Country: United States