Last $16.41 USD
Change Today +0.02 / 0.12%
Volume 117.6K
FRED On Other Exchanges
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

fred's inc-class a (FRED) Snapshot

Open
$16.66
Previous Close
$16.39
Day High
$16.92
Day Low
$16.33
52 Week High
03/3/14 - $21.05
52 Week Low
10/9/14 - $13.07
Market Cap
605.2M
Average Volume 10 Days
101.7K
EPS TTM
$0.08
Shares Outstanding
36.9M
EX-Date
09/3/14
P/E TM
202.0x
Dividend
$0.24
Dividend Yield
1.46%
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 in the Southeastern United States. The company, through its stores, offers household cleaning supplies, health and beauty aids, disposable diapers, pet foods, paper products, various food and beverage products, pharmaceuticals, tobacco products, and apparel and linens 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 April 9, 2014, the company operated 703 discount general merchandise stores, including 21 franchised Fred's stores in the Southeastern United States. Fred's, Inc. was founded in 1947 and is headquartered in Memphis, Tennessee.

5,336 Employees
Last Reported Date: 04/17/14
Founded in 1947

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

Chief Executive Officer
Total Annual Compensation: $367.9K
Executive Vice President of Pharmacy Operatio...
Total Annual Compensation: $239.1K
Executive Vice President of Corporate Service...
Total Annual Compensation: $226.4K
Senior Vice President of Pharmacy Development...
Total Annual Compensation: $170.5K
Compensation as of Fiscal Year 2013.

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

Fred's, Inc. Reports Sales Results for the Four-Week Ended October 2014, Third Quarter and Nine-Month Ended November 1, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Fred's, Inc. reported sales results for the four-week ended October 2014, third quarter and nine-month ended November 1, 2014. The company's total sales for the month ended October 2014 increased 1.3% to $145.3 million from $143.4 million in October 2013. Comparable store sales for the month declined 1.4% versus an increase of 0.8% in the same period last year. Total sales for the third quarter ended November 1, 2014 were $476.1 million, up 3.4% from $460.5 million in the same period last year. Comparable store sales for the quarter increased 0.3% on top of an increase of 1.4% in the third quarter of 2013. The company's total sales for the nine months ended November 1, 2014 increased 1.5% to $1.465 billion from $1.444 billion for the same period last year. On a comparable store basis, year-to-date sales decreased 0.5% compared with an increase of 1.1% for the year-earlier period. The company now expects a net loss for the third quarter of $0.12 to $0.16, excluding any special charges related to store closings.

Fred's Inc. Announces Management Changes

The board of directors of Fred's Inc. announced that it has named Jerry A. Shore chief executive officer of the company. Shore's promotion follows the board's receipt and acceptance of notification by Bruce A. Efird of his intention to leave the company upon the expiration of his employment contract. Shore has served as the company's executive vice president and chief financial officer for more than 14 years and assumed the additional title of chief operating officer in January of this year. In connection with the change in Fred's leadership, the company also has promoted Vice president and controller Sherri L. Tagg to the position of chief accounting officer.

Fred's, Inc. Reports Sales Results for the Five-Week Ended September and Eight-Month Year-To-Date Period Ended October 4, 2014

Fred's, Inc. reported sales results for the five-week ended September and eight-month year-to-date period ended October 4, 2014. For the month, the company reported total sales increased 3.3% to $183.6 million from $177.8 million in September 2013. Comparable store sales for the month increased 0.2% on top of an increase of 2.8% in the same period last year. For the year-to-date, the company reported total sales increased 1.5% to $1.320 billion from $1.301 billion for the same period last year. On a comparable store basis, year-to-date sales decreased 0.5% versus an increase of 0.8% for the year-earlier period.

 

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FRED

Industry Average

Valuation FRED Industry Range
Price/Earnings 100.0x
Price/Sales 0.3x
Price/Book 1.4x
Price/Cash Flow 14.7x
TEV/Sales 0.3x
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