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Last €11.43 EUR
Change Today +0.391 / 3.54%
Volume 0.0
FR1A On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 2:20 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

fred's inc-class a (FR1A) Snapshot

Open
€11.43
Previous Close
€11.04
Day High
€11.43
Day Low
€11.43
52 Week High
06/24/15 - €17.66
52 Week Low
10/10/14 - €10.28
Market Cap
424.7M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
37.2M
EX-Date
08/28/15
P/E TM
--
Dividend
€0.24
Dividend Yield
1.84%
Current Stock Chart for FRED'S INC-CLASS A (FR1A)

fred's inc-class a (FR1A) Related Businessweek News

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fred's inc-class a (FR1A) Details

Fred's, Inc., together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company, through its stores, offers household cleaning supplies, health and beauty aids, disposable diapers, pet foods, paper products, various food and beverage products, and pharmaceuticals to low, middle, and fixed income families in small- to medium- sized towns. It also sells general merchandise to franchised Fred's stores. As of January 31, 2015, the company operated 641 company-owned stores, which included 62 express stores in 15 states primarily in the southeastern United States. It also operates 19 franchised stores under the Fred's name. Fred's, Inc. was founded in 1947 and is headquartered in Memphis, Tennessee.

5,245 Employees
Last Reported Date: 04/16/15

fred's inc-class a (FR1A) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $455.8K
President and Chief Operating Officer
Total Annual Compensation: $19.2K
Executive Vice President of Pharmacy Operatio...
Total Annual Compensation: $266.4K
Chief Legal Officer, Senior Vice President, G...
Total Annual Compensation: $225.9K
Executive Vice President of Supply Chain & Gl...
Total Annual Compensation: $133.7K
Compensation as of Fiscal Year 2014.

fred's inc-class a (FR1A) Key Developments

Fred Sees Opportunities For Acquisitions

Mike Bloom, President & Chief Operating Officer of Fred's, Inc. (NasdaqGS:FRED) said that they have expansion opportunities in hundreds of underserved markets where there are local independents that offer opportunities for acquisitions.

Fred's, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended August 1, 2015; Provides Earnings Guidance for the Third Quarter and Fiscal Year of 2015

Fred's, Inc. reported unaudited earnings results for the second quarter and six months ended August 1, 2015. For the quarter, the company reported net sales of $546,083,000 compared to $491,185,000 a year ago. Operating income was $7,778,000 compared to $26,141,000 a year ago. Loss before income taxes was $8,227,000 compared to $26,304,000 a year ago. Net loss was $4,877,000 or $0.13 per basic and diluted share compared to $16,434,000 or $0.45 per basic and diluted share a year ago. Comparable store sales for the quarter increased 0.9% compared with a decline of 0.1% in the second quarter last year. For the second quarter of 2015, adjusted earnings before interest, taxes, depreciation and amortization, or adjusted EBITDA, also a non-GAAP financial measure that further excludes depreciation and amortization, LIFO expense and stock-based compensation from EBIT, increased to $7.3 million or 1.3% of sales compared to a loss of $13.7 million or (2.8%) of sales, including provisions, in the year-earlier quarter. Excluding the impact of the inventory provision in the prior year, adjusted EBITDA increased $6.2 million over the prior-period adjusted EBITDA of $1.1 million. Capital expenditures for the second quarter totaled $5 million compared to $6.1 million last year. Additionally, during the second quarter, there was $3.7 million invested in acquisitions of pharmacies as compared to $8.1 million in the second quarter of 2014. For the six months, the company reported net sales of $1,055,130,000 compared to $989,449,000 a year ago. Operating income was $7,703,000 compared to $16,112,000 a year ago. Loss before income taxes was $8,414,000 compared to $16,410,000 a year ago. Net loss was $4,906,000 or $0.13 per basic and diluted share compared to $10,316,000 or $0.28 per basic and diluted share a year ago. On a comparable store basis, year-to-date sales increased 0.7% versus a decline of 1.0% for the year-earlier period. For the first half of 2015, adjusted EBITDA increased to $18.9 million or 1.8% of sales compared with $7.4 million or 0.7% of sales, including reserves, in the first half of 2014. Excluding the reserves, adjusted EBITDA decreased $3.3 million from adjusted EBITDA of $22.2 million in the prior year. On a year-to-date basis, capital expenditures totaled $10.8 million compared to $11.3 million last year. The breakdown of capital expenditures in the first half was $4.9 million for existing and remodeled stores and pharmacies, $3.4 million for corporate and technology upgrades, $1.9 million for new stores and pharmacies and $600,000 for distribution center equipment. Year-to-date expenditures for acquisitions to pharmacies were $69.1 million compared to $16.5 million for the same period last year. Total debt at the end of the quarter was $68.7 million as compared to $17.2 million last year. The company provided earnings guidance for the third quarter and fiscal year of 2015; total sales for the third quarter of 2015 are expected to increase in the range of 12% to 14%. Comparable store sales for the third quarter are expected to range from flat to up 2% compared with an increase of 0.3% in the third quarter last year. Adjusted EBITDA for the third quarter is forecasted to be in the range of $15.0 million to $20.0 million. Earnings per diluted share for the third quarter are forecasted to be in the range of $0.08 to $0.12 compared with a net loss of $0.29 per share last year. Adjusted EBITDA for the year is forecasted to be in the range of $58.0 million to $65.0 million. Earnings per diluted share for the year are forecasted to be in the range of $0.10 to $0.18 compared with a net loss of $0.80 per share last year. The company anticipates effective tax rate for the year to be in the range of 28% to 30%, with an expectation that Work Opportunity Tax Credits will be reinstated for the full year of 2015.

Fred's, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2015

Fred's Inc. announced on the declaration by its board of directors of a quarterly cash dividend of USD 0.06 per share. This dividend is payable on 15 September 2015, to shareholders of record as of 1 September 2015.

 

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Price/Sales 0.2x
Price/Book 1.2x
Price/Cash Flow 24.4x
TEV/Sales 0.2x
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