Sales drop for Fred's in March

|By:, SA News Editor

Fred's, Inc. (NASDAQ:FRED) reports sales in March fell 2.7% to $208.6M.

Comparable store sales decreased 0.5% during the month.

The company says that March 2017 comparable store sales reflected the benefit of tax refunds, which were delayed from February to March, but were offset by a later Easter (April 16 this year versus March 27 last year), shifting holiday sales into April.

FRED -1.59% premarket to $12.35.

Source: Press Release