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Last $16.84 USD
Change Today +0.15 / 0.90%
Volume 109.7K
As of 5:20 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

fred's inc-class a (FRED) Snapshot

Open
$16.67
Previous Close
$16.69
Day High
$16.93
Day Low
$16.63
52 Week High
02/19/15 - $19.47
52 Week Low
10/9/14 - $13.07
Market Cap
625.7M
Average Volume 10 Days
114.2K
EPS TTM
$-0.73
Shares Outstanding
37.2M
EX-Date
05/28/15
P/E TM
--
Dividend
$0.24
Dividend Yield
1.43%
Current Stock Chart for FRED'S INC-CLASS A (FRED)

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

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fred's inc-class a (FRED) 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 (FRED) 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
Executive Vice President of Corporate Service...
Total Annual Compensation: $226.4K
Chief Legal Officer, Senior Vice President, G...
Total Annual Compensation: $225.9K
Compensation as of Fiscal Year 2014.

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

Fred's Inc. Reports Sales Results for the Month Ended May 02, 2015 and the First Quarter of Fiscal 2015

Fred's Inc. reported sales results for the month ended May 2, 2015 and the first quarter of fiscal 2015. For the month, the company total sales for April increased 9% to $163.3 million from $149.8 million in April 2014. The company sales for the prior-year month included sales of $6.0 million from 62 stores closed mainly in late 2014 pursuant to the company's reconfiguration plan. Excluding last year's April sales from closed locations, total sales increased 14% for the month. Despite the effects of the recent West Coast shipping strike, abnormally cold weather in the company's region and the impact of an earlier Easter, comparable store sales for the month increased 0.7% compared with a decrease of 2.3% in April of last year. For the first quarter of fiscal 2015, the company total sales for the first three months of fiscal 2015 increased 2% to $510.1 million compared with $498.3 million for the same period last year. Excluding sales of $21.8 million from closed stores in 2014, total sales increased 7% for the first quarter of 2015. On a comparable store basis, year-to-date sales increased 0.8% versus a 1.9% decrease for the year-earlier period.

Fred's Inc. Reports Sales Results for the Month and Year-To-Date Period Ended April 4, 2015

Fred's Inc. reported sales results for the month and year-to-date period ended April 4, 2015. For the month, the company total sales for March increased 0.3% to $191.7 million from $191.0 million in March 2014. The company total sales for the prior year reflected the net closing of 62 locations in 2014 pursuant to the company's reconfiguration plan. Excluding last year's March sales of $8.4 million from those closed locations, total sales increased 5% for the month. Comparable store sales for the month increased 1.9% compared with a decrease of 1.2% in March of last year. For the year to date, the company total sales for the first two months of fiscal 2015 decreased 1% to $344.9 million compared with $348.5 million for the same period last year. Once again, excluding sales of $15.8 million from closed stores for the comparable two-month year-to-date period in 2014, total sales increased 4% for the same period in 2015. On a comparable store basis, year-to-date sales increased 0.9% versus a 1.7% decrease for the year-earlier period.

Fred's, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year of 2016

Fred's, Inc. announced unaudited earnings results for the fourth quarter and full year ended January 31, 2015. For the quarter, the company reported net sales of $504,425,000 compared with $495,033,000 for the same period a year ago. Operating loss was $15,721,000 compared with operating income of $5,565,000 for the same period a year ago. Net loss was $8,154,000 or $0.22 per basic and diluted share compared with net income of $3,966,000 or $0.11 per basic and diluted share for the same period a year ago. Loss before income taxes was $15,820,000 compared with income before income taxes of $5,455,000 for the same period a year ago. For the quarter, on non-GAAP basis the company reported operating loss of $735,000, loss before tax of $834,000 and net income of $703,000 or $0.02 per share. For the year, the company reported net sales of $1,970,049,000 compared with $1,939,246,000 for the same period a year ago. Operating loss was $48,412,000 compared with operating income of $39,198,000 for the same period a year ago. Net loss was $28,904,000 or $0.79 per basic and diluted share compared with net income of $26,015,000 or $0.0.71 per basic and diluted share for the same period a year ago. Loss before income taxes was $48,916,000 compared with income before income taxes of $38,711,000 for the same period a year ago. For the year, on non-GAAP basis the company reported operating loss of $11,802,000, loss before tax of $12,306,000 and net loss of $7,268,000 or $0.20 per share. The company provided earnings guidance for the first quarter and full year of 2016. Total sales for the first quarter of 2016 are expected to increase in the range of flat to up 2%. Comparable store sales for the first quarter also are expected to be flat to 2% compared with a decrease of 1.9% in the first quarter last year. Earnings per diluted share for the first quarter are forecasted to be in the range of flat to up $0.03 compared with $0.17 last year. The lower earnings guidance is due to the decline in general merchandise initial markup at the beginning of 2015, the West Coast port strike, which affects both the gross margin on receipts and sales in the quarter, and unusual favorable expense in the prior year not expected to recur. Based on this outlook, the Company expects total sales for the year to increase 10% to 15% which includes the impact of the acquisition of Reeves-Sain Drug Store, Inc., which was announced on March 25, 2015. Comparable store sales for the year are expected to increase 4% to 6% compared with a decrease of 0.6% in the prior year. Total earnings per diluted share for 2015 are expected to be in the range of $0.50 to $0.58.

 

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Price/Sales 0.3x
Price/Book 1.5x
Price/Cash Flow 50.7x
TEV/Sales 0.3x
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