Seeking Alpha

Fred's, Inc. (FRED)

  • Thu, Mar. 26, 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.
    | Comment!
  • Wed, Mar. 25, 5:38 PM
    • Top gainers, as of 5:15 p.m.: FRED +12.0%. WTW +6.4%. SALT +5.1%. FIVE +4.3%GSAT +4.1%
    • Top losers, as of 5:15 p.m.: NM -11.1%. SCMP -10.5%. TTI -5.4%. ANTH -5.3%. IPI -3%.
    | 1 Comment
  • Thu, Mar. 12, 9:47 AM
    • Shares of Dollar Tree (DLTR +1.6%), Target (TGT +1.1%), Wal-Mart (WMT +1.1%), Fred's (FRED +1.1%), and Five Below (FIVE +1.6%) are picking up steam after Dollar General's (DG +2.7%) quarterly reports shows some broad strength across categories.
    • Despite the headline miss on U.S. retail sales earlier, the S&P Retail (NYSEARCA:XRT) is up 1.12% to outpace the S&P 500.
    • Analysts think lower-income consumer spending is gaining momentum based on the most recent reads from discounters such as Dollar General.
    • Previously: New buybacks and store growth on tap for Dollar General
    | Comment!
  • Nov. 25, 2014, 12:45 PM
    | Comment!
  • Aug. 18, 2014, 9:53 AM
    • Big Lots (BIG +1.6%) and Fred's (FRED +1.5%) are seeing some buying action after Dollar General ups the stakes for Family Dollar.
    • Retail analysts say the retailers will benefit in the short-term from the rising premium in the discounter space.
    | Comment!
  • Aug. 7, 2014, 7:56 AM
    • Fred's (NASDAQ:FRED) expects to report a loss of $0.15-$0.20 for its FQ2. Analysts had forecast a $0.06 profit for the quarter.
    • The company was hurt by slower traffic and high vendor costs for its pharmacy department.
    • FRED -2.5% premarket
    | Comment!
  • Jul. 17, 2014, 2:45 PM
    • Sycamore Partners is considering a possible bid for Fred's (FRED +8.8%), according to Reuters.
    • Sources indicate Fred's could have another suitor in addition to Sycamore.
    • Sector watch: Despite sluggish sales trends in the apparel retail sector, a wave of buyout interest has cropped up from P-E firms.
    | Comment!
  • Jun. 9, 2014, 10:11 AM
    • Shares of Dollar Tree (DLTR +2.1%), Big Lots (BIG +2.4%), and Fred's (FRED +3.1%) trade higher after merger consolidation buzz picks up in the sector.
    • Analysts think a thinning out of the discounter herd could help take off the promotional fervor that has dampened margins.
    | Comment!
  • May. 29, 2014, 8:08 AM
    • Fred's (FRED) reports comparable-store sales fell 1.9% in FQ1.
    • The company's gross margin rate fell 150 bps to 28.6% due to a shift by customers to lower-margin consumables.
    • SG&A expenses flat at $122.61M.
    • FRED -6.2% premarket
    | Comment!
  • Mar. 13, 2014, 3:08 PM
    • Soft guidance from Dollar General cuts a wide path of worry throughout the discounter sector.
    • During the firm's earnings call, execs admitted they overestimated the willingness of the Dollar General customer base to buy some higher ticket items.
    • Decliners: Family Dollar (FDO) -2.0%, Dollar Tree (DLTR) -1.5%, Gordmans Stores (GMAN) -3.3%, Fred's (FRED) -1.5%, Five Below (FIVE) -1.5%.
    | Comment!
  • Feb. 28, 2014, 12:49 PM
    • Fred's (FRED +7.1%) has talked to Walgreen (WAG +0.1%), Dollar General(DG +0.2%) and CVS Caremark (CVS +1.5%) about a sale, according to a developing Bloomberg report.
    • The company is in the midst of a strategic review.
    • Shares of FRED have popped off the news.
  • Jan. 9, 2014, 11:25 AM
    • Fred's (FRED +2.4%) will explore strategic options after suffering through a disappointing holiday sales season, reports the WSJ.
    • The company has hired advisers to assist it in the process.
    | Comment!
  • May. 30, 2013, 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!
  • Apr. 18, 2013, 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!
  • Mar. 20, 2013, 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!
  • Jan. 3, 2013, 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!
Visit Seeking Alpha's
FRED vs. ETF Alternatives
Company Description
Fred's Inc, and subsidiaries sells general merchandise through its retail discount stores and full service pharmacies.