Thursday, May 30, 2:22 PM
Retailer Fred's (FRED +5.2%) is a winner today thanks to Q1 results that beat estimates on the top and bottom line. More from the report: Net income and EPS rise 9.1% and 10.7% respectively during the quarter even as comps growth came in negative (-1.3%). CEO Bruce Efird notes that the results topped the high end of guidance which he attributes to "the immediate impact" of a reconfiguration plan that benefits gross margin. Outlook: FQ2 and FY13 EPS of $0.06-0.09/share and $0.77-0.88/share respectively, against consensus of $0.10/share and $0.82/share. (PR)
Comment![Consumer, Earnings, On the Move]
Thursday, May 30, 7:46 AMFred's (FRED): Q1 EPS of $0.31 beats by $0.04. Revenue of $501.5M (+0.2% Y/Y) beats by $2.09M. (PR)
Comment![Earnings, Breaking News]
Tuesday, May 21, 11:04 AM
(FRED) declares $0.06/share quarterly dividend, in line with previous. Forward yield 1.58%. For shareholders of record June 3. Payable June 17. Ex-div date May 30. (PR) Comment![Dividends]
Thursday, April 18, 12:30 PM
Department store chains are trading weak with weak economic indicators and chatter on weak sales trends at Wal-Mart (WMT -1.5%) swaying sentiment. The sector is already a bit jitterish with Target's (TGT -0.9%) Q1 sales warnings from earlier in the week still resonating. Decliners include Sears Holdings (SHLD -2.5%), Nordstrom (JWN -1.4%), Saks (SKS -1.6%), and Macy's (M -1.2%) - while Fred's (FRED +0.1%) and J.C. Penney (JCP +1.6%) are bucking the trend.
Comment![Consumer, On the Move]
Thursday, April 11, 7:47 AMFred's (FRED) Mar. same-store sales: -3%. Total sales -2% to $190.4M. (PR)
Comment![Consumer]
Thursday, March 28, 7:48 AMFred's (FRED): Q4 EPS of $0.18 misses by $0.01. Revenue of $533.4M (+7% Y/Y). (PR)
Comment![Earnings, Breaking News]
Wednesday, March 20, 10:57 AM
A number of discounter stocks are catching a tailwind today as investors seem to be shifting their attitudes toward the outlook for discretionary spending or shifting from topped-out sectors. Advancers include the dollar store group - Family Dollar Stores (FDO +2.9%), Dollar General (DG +2.5%), and Dollar Tree (DLTR +2.9%) - while Five Below (FIVE +1.3%) and Fred's (FRED +2%) are also outperforming. Even retail giants Target (TGT +1.5%) and Wal-Mart (WMT +0.7%) aren't getting left behind.
Comment![Consumer, On the Move]
Thursday, March 7, 8:01 AMFred's (FRED) Feb. same-store sales: -1.5%. Total sales +flat% to $159.2B. (PR)
Comment![Consumer]
Tuesday, February 19, 9:37 AMFred's (FRED) declares $0.06/share quarterly dividend, in line with previous. Forward yield 1.80%. For shareholders of record Mar. 01. Payable Mar. 15. Ex-div date Feb. 27. (PR)
Comment![Dividends]
Thursday, February 7, 2:53 PM
Shares of Fred's (FRED -0.2%) don't bat an eye after the company reports that same-store sales skyrocketed 28% in January compared to a year ago. A flat trading day makes sense since it was a calendar effect that was largely behind the SSS jump - instead of any masterful turnaround.
Comment![Consumer]
Thursday, February 7, 8:07 AMFred's (FRED) Jan. same-store sales: +28.6. Total sales +31% to $173.6M. (PR)
Comment![Consumer]
Thursday, January 3, 11:09 AM
Shares of Five Below (FIVE -1%) can't get out of the way out of a selling off of discounters kickstarted when Family Dollar posted disappointing FQ1 results and guidance for FQ2. Also feeling the margin pain is Fred's (FRED -2.5%) and Gordmans Stores (GMAN -0.7%) - while even Wal-Mart (WMT -1.2%) appears to be getting pulled into the fray.
Comment![Consumer, On the Move]
Thursday, January 3, 8:03 AM
More on Fred's (FRED) December sales: The 4.2% decline in sales compares to a more modest 0.4% dip during the same period last year with CEO Bruce Efird blaming a tight consumer. The retailer now expects Q4 EPS to fall in a range of $0.25-$0.31 after it put in a weak holiday season. Looking forward to 2013, Fred's will try to rebound by rolling out a smaller drug and dollar store concept as well as relocating close to 125 stores.
Comment![Consumer]
Thursday, January 3, 7:51 AMFred's (FRED) Dec. same-store sales: -4.2%. Total sales -1% to $209.9M. (PR)
Comment![Consumer]
Thursday, November 29, 2012, 7:57 AMFred's (FRED) Nov same-store sales: +0.8%. Total sales -1% to $150.4M. (PR)
Comment![Consumer]
Tuesday, November 20, 2012, 8:07 AMFred's Inc. (FRED) declares $0.19/share dividend. For shareholders of record Dec. 3. Payable Dec. 17. Ex-div Nov. 29. (PR)
Comment![Dividends]