Fred's, Inc. (FRED) - NASDAQ
  • Thu, Jul. 7, 8:02 AM
    • Fred's (NASDAQ:FRED) reports comparable-store sales decreased 1.3% in June.
    • Total sales were off 2.3% Y/Y to $213.3M.
    • "Sales growth in core categories such as health and beauty aids, seasonal, apparel, toys, lawn and garden and electronics helped offset ongoing challenges in paper, chemicals and food that we have discussed on earlier occasions," notes CEO Jerry Shore.
    • Fred's closed one full-service location during the month. The company and its subsidiaries operate 653 discount general merchandise stores (373 with full-service pharmacies) and three specialty pharmacies.
    | Thu, Jul. 7, 8:02 AM
  • Mon, Jun. 13, 11:14 AM
    • The strong performance of the dollar stores sector amid a choppy retail environment is due in part to the format's popularity across different household income levels, according to data from NPD Group.
    • 19% of spending at dollar stores for a 12-month period ending in April came from households with more than $100K in income. 33% of the sales brought in over the same period were from households with over $75K in income. The same effect is being felt at some specialty retailers and other discounters which are drawing more traffic from higher-income consumers than some anticipated.
    • Dollar Tree (DLTR -0.2%), Dollar General (DG -0.4%), Fred's (FRED -0.3%), Big Lots (BIG -2.5%), Five Below (FIVE -0.5%), and Party City (PRTY -0.9%) have all outperformed the broad-based S&P 500 Retail ETF (NYSEARCA:XRT) over the last 90 days.
    | Mon, Jun. 13, 11:14 AM | 1 Comment
  • Thu, Jun. 2, 8:06 AM
    • Fred's (NASDAQ:FRED) reports sales decreased 1% to $164.8M.
    • Comparable-store sales fell 0.4% during the month.
    • The sales mix during May was favorable as higher-margin categories showed strength.
    • The company closed six locations in May, none of which had a pharmacy.
    | Thu, Jun. 2, 8:06 AM
  • Thu, May 26, 2:30 PM
    • Discounters are rallying in full force after Dollar General (DG +4.6%) and Dollar Tree (DLTR +12.5%) both posted Q1 profit ahead of expectations.
    • Steady consumer demand, tight expense control, and an easing of promotional pressure underpinned both reports.
    • Retail Dive may have arrived at the heart of the matter, by noting that dollar stores attract different shoppers than the retailers which have been ravaged by Amazon's growth.
    • "We are part of what I consider, in this economic environment, the most attractive sector in retail," said Dollar Tree CEO Bob Sasser.
    • Investors seem to agree. Ollie's Bargain Outlet Holdings (OLLI +7.6%), Burlington Stores (BURL +7.8%), Big Lots (BIG +2.7%), Five Below (FIVE +2.9%), Ross Stores (ROST +0.9%), TJX Companies (TJX +1%), Tuesday Morning (TUES +1.9%), and Fred's (FRED +6.2%) are all pushing higher.
    | Thu, May 26, 2:30 PM | 3 Comments
  • 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
  • Fri, May 20, 2:47 PM
    | Fri, May 20, 2:47 PM
  • Thu, May 5, 8:01 AM
    • Fred's (NASDAQ:FRED) reports sales increased 1% to $163.4M.
    • Comparable-store sales were up 0.3% for the month.
    • Total FQ1 sales were up 8% to $549M which falls on the low end of the company's guidance. Heavy rains and flooding in key markets were a factor along with weaker average script prices.
    | Thu, May 5, 8:01 AM
  • Wed, Apr. 6, 7:50 AM
    • Fred's (NASDAQ:FRED) reports sales in March rose 11% to $214.4M. The double-digit growth is tied in part to the addition of the EntrustRx pharmacy business.
    • Comparable-store sales increased 1.8% during the month.
    • Fiscal YTD sales are up 11% to $385.8M. The company starts lapping the EntrustRx addition in April which will push the sales growth marks lower.
    | Wed, Apr. 6, 7:50 AM
  • 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
  • Thu, Mar. 10, 10:27 AM
    | Thu, Mar. 10, 10:27 AM
  • Thu, Mar. 3, 7:54 AM
    • Fred's (NASDAQ:FRED) announces comparable-store sales increased 0.8% in February.
    • Total sales rose 12% to $171.1M.
    • Delays in tax refunds and a mild cold/flu season clipped sales a bit during the month.
    | Thu, Mar. 3, 7:54 AM
  • Fri, Feb. 19, 11:15 AM
    • Fred's (NASDAQ:FRED) declares $0.06/share quarterly dividend, in line with previous.
    • Forward yield 1.75%
    • Payable March 15; for shareholders of record March 1; ex-div Feb. 26.
    | Fri, Feb. 19, 11:15 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