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Last $19.24 USD
Change Today -0.23 / -1.18%
Volume 121.3K
FRED On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

fred's inc-class a (FRED) Snapshot

Open
$19.50
Previous Close
$19.47
Day High
$19.69
Day Low
$18.97
52 Week High
06/24/15 - $20.05
52 Week Low
10/9/14 - $13.07
Market Cap
715.0M
Average Volume 10 Days
219.2K
EPS TTM
$-0.90
Shares Outstanding
37.2M
EX-Date
05/29/15
P/E TM
--
Dividend
$0.24
Dividend Yield
1.25%
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. to Report May,2015 Sales/Trading Statement Results on Jun 04, 2015

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

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.

Fred's, Inc. Reports Unaudited Earnings Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

Fred's, Inc. reported unaudited earnings results for the first quarter ended May 2, 2015. For the quarter, the company reported net sales of $509,047,000 compared to $498,264,000 a year ago. Operating income was $75,000 compared to $10,029,000 a year ago. Net loss was $75,000 or $0.00 per basic and diluted share compared to net income of $6,118,000 or $0.17 per basic and diluted share a year ago. Loss before income taxes was $187,000 compared to profit before income taxes of $9,894,000 a year ago. For the first quarter of 2015, earnings before interest, taxes, depreciation and amortization, or EBITDA, also a non-GAAP financial measure that further excludes depreciation and amortization from EBIT, decreased to $11.0 million or 2.1% of sales compared with EBITDA of $19.9 million or 4.0% of sales in the year-earlier quarter. Total capital expenditures totaled $5.8 million compared to $5.2 million in the same quarter last year. The company provided earnings guidance for the second quarter and full year of 2015. Total sales for the second quarter of 2015 are expected to increase in the range of 16% to 19%. Comparable store sales for the second quarter are expected to increase in the range of 1% to 3% compared with a decrease of 0.1% in the second quarter last year. Earnings per diluted share for the second quarter are forecasted to be in the range $0.02 to $0.07 compared with operational earnings per share of ($0.19) last year. Based on the earnings projection, adjusted EBITDA, which includes the impact of LIFO and stock-based compensation is expected to be in the range of $13 million to $15 million. Annually, including the acquisition of Reeves-Sain Drug Store, Inc., the company continues to expect total sales to increase in the range of 10% to 15% and comparable store sales for 2015 are expected to be -- to increase in the range of 4% to 6%. The company expects quarterly effective tax rate to return to the range of 38% to 39% for the remainder of the year. If the Work Opportunity Tax Credits are reinstated for 2015, the annual effective tax rate is expected to be in the range of 35% to 37%. The company continues to project annual earnings per diluted share will be in the range of $0.50 to $0.58, including the impact of the specialty pharmacy acquisition. Adjusted EBITDA projection remains at $85 million to $90 million.

 

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Industry Analysis

FRED

Industry Average

Valuation FRED Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.7x
Price/Cash Flow 101.3x
TEV/Sales 0.3x
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