Fred's: Merry Go Round
Darspal S Mann
Darspal S Mann
Is Fred's Dead Or Pushing Ahead?
Fred's: Merry Go Round
Darspal S Mann
Darspal S Mann
Thu, Feb. 18, 10:46 AM
- A large number of retail chain stocks are taking their cues from Wal-Mart's sluggish read on U.S. sales growth. The Bentonville giant reps such a high percentage of total U.S. retail sales that its report and guidance are viewed as leading indicators.
- Dollar Tree (DLTR -2.6%), Dollar General (DG -2.3%), Big Lot (BIG -1.7%), Fred's (FRED -2.1%), Kroger (KR -3.6%), Party City (PRTY -1.7%), Five Below (FIVE -2.7%), The Michaels Company (MIK -2.5%), and Costco (COST -2.2%) are all lower.
- The SPDR S&P Retail ETF (NYSEARCA:XRT) is down 1.1%, compared to a minor gain by the Dow 30.
- Previously: Wal-Mart beats by $0.06, misses on revenue (Feb. 18 2016)
- Previously: Wal-Mart lower after showing soft U.S. comp (Feb. 18 2016)
Wed, Feb. 17, 10:54 AM
- There's a bottom-up rally firing up in the consumer discretionary sector. Investors are digging deeper into the sector, instead of favoring blue chips like McDonald's, Wal-Mart, and Lowe's.
- Ascena Retail Group (NASDAQ:ASNA) is up 7.9%.
- New York & Company (NYSE:NWY) is 8.4% higher.
- DSW (NYSE:DSW) is showing a 6.1% gain.
- Vince Holding (NYSE:VNCE) is on fire with a 16.6% gain.
- Iconix Brand Group (NASDAQ:ICON) is up 8%.
- Fred's (NASDAQ:FRED) is 4.2% higher.
- Supervalu (NYSE:SVU) is also moving along nicely with a +5.3% move.
- Related ETFs: XLY, XRT, VCR, RETL, RTH, FXD, FDIS, RCD, PMR, PEZ, PSCD, BITE
Thu, Feb. 4, 11:23 AM
- The retail sector is struggling after Kohl's issues soft guidance and with several reports from store chains (Cato, Zumiez, Fred's) tipping weak January traffic.
- Department store decliners include J.C. Penney (JCP -3.1%), Macy's (M -2.7%), Nordstrom (JWN -5.6%), and Dillard's (DDS -1.3%). While mall names Gap (GPS -1.4%), American Eagle Outfitters (AEO -1.6%), Abercrombie & Fitch (ANF -2.2%), Children's Place (PLCE -3.1%), and Carter's (CRI -1.9%) are also weak compared to the broad market.
- Target (TGT -3%), Costco (COST -2.8%), and Wal-Mart (WMT -1%) are also lower. Earlier today. Costco reported a +1% comp in the U.S. for January.
- Discount-leaning Fred's (FRED -8.7%), Dollar Tree (DLTR -3.1%), Dollar General (DG -1.6%), Big Lots (BIG -3%), Five Below (FIVE -2.9%), TJX Companies (TJX -2.2%), and Ross Stores (ROST -1.2%) are also feeling a pinch.
Thu, Feb. 4, 8:13 AM
- Fred's (NASDAQ:FRED) reports comparable-store sales increased 0.7% in Q4.
- "The ongoing impact of a very low incidence of cold and flu activity reduced January's overall comparable store sales by approximately 150 basis points," noted management.
- Total January sales were up 12% to $155.7M.
- The company ended Q4 with sales of $553.8M, up 10% from a year ago.
Thu, Jan. 7, 10:14 AM
- A large number of retail stocks are defying the global market sell-off to put in strong gains.
- The unexpected strength follows a few store chains reporting solid holiday sales growth, headlined by L Brands with a stellar 8% comp. The underlying story behind the good read may be that $2 gas prices are helping to feed consumer spending at U.S. store chains.
- Gasbuddy.com forecasts gas prices will stay low in the U.S. for all of 2016.
- Notable gainers include Wal-Mart (WMT +2%), Target (TGT +1%), Gap (GPS +2.3%), Fred's (FRED +1.2%), Express (EXPR +1.1%), American Eagle Outfitters (AEO +1.6%), Tilly's (TLYS +2.3%), Urban Outfitters (URBN +4%), TJX Companies (TJX +0.6%), Ross Stores (ROST +1.6%), Kohl's (KSS +2%), Stein Mart (SMRT +4.4%), Citi Trends (CTRN +1.7%), Buckle (BKE +4.8%).
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, FXD, FDIS, RHS, FSTA, RCD, PMR, BITE
Thu, Jan. 7, 8:03 AM
- Fred's (NASDAQ:FRED) reports comparable-store sales increased 2.4% in December.
- Total sales increased 10% to $231.9M during the month.
- A low incidence of cold and flu activity impacted pharmacy sales negatively.
- Fiscal YTD comparable-store sales are 1.5% higher.
- Total sales for the 11 months ending Jan. 2 were up 9% to $1.994B.
Dec. 3, 2015, 8:06 AM
- Fred's (NASDAQ:FRED) reports comparable-store sales rose 1.7% in November. The mark falls in the mid-range of the guidance issued by the company.
- Total sales increased 8% to $166M during the month.
- YTD comparable-store sales through the end of November rose 1.5%.
- YTD total sales were up 9% to $1.762B.
Nov. 24, 2015, 10:27 AM
- Fred's (FRED +3%) trades higher after reporting Q3 results.
- The company has set itself apart from many retail peers by transitioning to a higher mix of pharmacy sales.
- The increase in revenue has leveraged down some fixed costs, although margins are tighter due to the higher mix of pharmacy sales.
- Previously: Fred's EPS in-line, beats on revenue (Nov. 24 2015)
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. 23, 2015, 5:30 PM
Nov. 23, 2015, 11:47 AM
- Ten retailers are expected to post adjusted profit growth of 40% or better in Q4, according to data from S&P Capital IQ.
- The list includes companies boosting the bottom line through acquisitions, mergers, cost-cutting, and sales leverage.
- Expected Q4 profit growth: Fred's (NASDAQ:FRED) 710%, Amazon (NASDAQ:AMZN) 261.2%, Tile Shop (NASDAQ:TTS) 137.4%, Chico's (NYSE:CHS) 51.9%, Office Depot (NASDAQ:ODP) 49.4%, Mattress Firm (NASDAQ:MFRM) 45.6%, Shoe Carnival (NASDAQ:SCVL) 44.4%, Francesca Holdings (NASDAQ:FRAN) 44.4%, Shutterfly (NASDAQ:SFLY) 42%, Ascena Retail (NASDAQ:ASNA) 41.5%.
- Of the bunch of high-flyers, only Shoe Carnival trades with a price-to-earnings ratio of below 20.
Nov. 23, 2015, 10:58 AM
- Fred's (NASDAQ:FRED) declares $0.06/share quarterly dividend, in line with previous.
- Forward yield 1.64%
- Payable Dec. 15; for shareholders of record Dec. 3; ex-div Dec. 1.
Nov. 5, 2015, 8:03 AM
- Fred's (NASDAQ:FRED) reports comparable-store sales increased 2.3% in October.
- Total sales rose 13% to $164.4M during the month.
- YTD comparable-store sales through October 3 are +1.5%.
- YTD total sales are up 9% to $1.596B.
- "Looking at the third quarter for a broader perspective, we saw clear momentum throughout all lines of business," notes CEO Jerry Shore.
Oct. 14, 2015, 11:30 AM
- Wal-Mart's profit warning today is having a major impact in the retail sector.
- The company's commitment to raise wages is expected to pressure other companies to follow suit.
- Discounters in particular are feeling the Bentonville pinch.
- Decliners: Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) -5.0%, Dollar Tree (NASDAQ:DLTR) -3.4%, Dollar General (NYSE:DG) -3.0%, PriceSmart (NASDAQ:PSMT) -2.1%, Big Lots (NYSE:BIG) -1.5%, Fred's (NASDAQ:FRED) -1.3%, Burlington Stores (NYSE:BURL) -1.1%.
- Previously: Retail giants lower after Wal-Mart warns (Oct. 14 2015)
- Previously: Wal-Mart sits at multi-year low after guidance stuns (Oct. 14 2015)
Oct. 8, 2015, 8:04 AM
- Fred's (NASDAQ:FRED) reports comparable-store sales increased 4.2% in September.
- Total sales were up 15% to $211.5M during the month.
- YTD comparable-store sales through October 3 are up 1.5%.
- YTD total sales have increased 9% to $1.433M.
- The company says heavy rains in some southern states impacted demand late in the month.
Sep. 10, 2015, 5:36 PM
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.
Industry: Discount, Variety Stores
Country: United States
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