Fred's (FRED) September Comps Fell 4.9%, Versus Expected 2.4% Drop
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Fred's Reports September Sales
October 6, 2016 7:45 AM EDTCompany to Hold Its Investor Day on December 2, 2016
MEMPHIS, Tenn.--(BUSINESS WIRE)-- Fred's Inc. (NASDAQ: FRED) today reported sales for the five-week fiscal month of September and eight-month year-to-date period ended on October 1, 2016.
Fred's total sales for the month decreased 5.5% to $199.9 million from $211.4 million in September 2015. Comparable store sales for the month decreased 4.9% compared with an increase of 4.2% in the year-earlier period.
Fred's total sales for the year-to-date period increased 0.5% to $1.439 billion from $1.432 billion for the same period last year. On a comparable store basis, year-to-date sales decreased 1.5%... More
