Fred's (FRED) Comps Fell 1.3% in June 2016
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Fred's Reports June Sales
July 7, 2016 7:45 AM EDTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Fred's Inc. (NASDAQ: FRED) today reported sales for the five-week fiscal month of June, which ended on July 2, 2016.
Fred's total sales for the month of $208.5 million decreased 2.3% compared with $213.3 million in June 2015. Comparable store sales for the month decreased 1.3% versus an increase of 1.6% for the year-earlier period.
Fred's total sales for the first five months of fiscal 2016 increased 3.8% to $923.2 million compared with $889.5 million for the same period last year. On a comparable store basis, year-to-date sales increased 0.1% versus an increase of 0.8% for the year-earlier period.
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