fred's inc-class a (FRED) Key Developments
Fred's, Inc. Reports Sales Results for the Month and Five Months Ended July 4, 2015
Jul 14 15
Fred's, Inc. reported sales results for the month and five months ended July 4, 2015. For the month, that comparable store sales increased by 1.6% compared to a decrease of 0.6% for June 2014. Total sales were $212.9 million, a 12% increase, compared to $190.8 million for the month ended July 4, 2014.
For the five months, the comparable store sales increased by 0.8%, compared to a decrease of 1.3% for the first five months of fiscal 2014. Total sales were $889.1 million a 6% increase, compared to $840.5 million for the first five months of fiscal 2014.
Fred's, Inc. Announces Executive Changes
Jul 9 15
On July 2, 2015, Fred's, Inc. announced that Sherri L. Tagg, Executive Vice President and Chief Accounting Officer resigned from her position. Ms. Tagg is a named executive officer of the company.
Fred's, Inc. to Report June,2015 Sales/Trading Statement Results on Jul 09, 2015
Jul 3 15
Fred's, Inc. announced that they will report June, 2015 sales/trading statement results on Jul 09, 2015
Fred's, Inc. to Report May,2015 Sales/Trading Statement Results on Jun 04, 2015
Jun 4 15
Fred's, Inc. announced that they will report May, 2015 sales/trading statement results on Jun 04, 2015
Fred's, Inc. Reports Sales Results for the Four-Week Month of May, and Year to Date Ended May 30, 2015
Jun 4 15
Fred's, Inc. reported sales results for the four-week month of May, and year to date ended May 30, 2015. The company's total sales for the month of May increased 10% to $166.9 million from $151.4 million in May 2014, reflecting the first full month sales contribution from the Company's recent acquisition of the EntrustRx specialty pharmacy operations. Excluding $6.1 million from last year's May sales for 56 closed locations, total sales increased 15% for the month. Comparable store sales for the month increased 0.3% compared with a 0.4% decrease in the same period last year.
The company's total sales for the first four months of fiscal 2015 increased 4% to $676.0 million compared with $649.7 million for the same period last year. Excluding sales of $27.9 million from closed stores in 2014, total sales increased 9% for the first four months of 2015. On a comparable store basis, year-to-date sales increased 0.6% versus a 1.5% decrease for the year-earlier period.