Last $14.64 USD
Change Today -0.25 / -1.68%
Volume 56.1K
FRED On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 11:16 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

fred's inc-class a (FRED) Snapshot

Open
$14.91
Previous Close
$14.89
Day High
$15.02
Day Low
$14.58
52 Week High
03/3/14 - $21.05
52 Week Low
08/29/14 - $14.05
Market Cap
540.0M
Average Volume 10 Days
218.9K
EPS TTM
$0.08
Shares Outstanding
36.9M
EX-Date
09/3/14
P/E TM
180.2x
Dividend
$0.24
Dividend Yield
1.63%
Current Stock Chart for FRED'S INC-CLASS A (FRED)

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

No Related Businessweek News Found

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, President, Director ...
Total Annual Compensation: $700.0K
Chief Financial Officer, Chief Operating Offi...
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. Announces Sales Results for the Month and Year to Date Ended August 30, 2014

Fred's Inc. announced sales results for the month and year to date ended August 30, 2014. Fred's total sales for the month increased 6% to $147.6 million from $139.4 million in August 2013. Comparable store sales for the month increased 2.3% compared with flat store sales in the same period last year. Fred's total sales for the year-to-date period increased 1% to $1.137 billion from $1.123 billion for the same period last year. On a comparable store basis, year-to-date sales decreased 0.6% versus an increase of 0.5% for the year-earlier period.

Fred's to Close 60 Stores by the End of 2014

Fred's said it would close the stores, more than 8.5% of its total of 704, as it reported a net loss in the second quarter of $16.4 million. Excluding the impact of reserves for the closures and inventory clearance, the net loss was $7.1 million. Combined with 10 stores already set to close, Fred's will lose 70 stores in 2014 - or about 10% of its selling space.

Fred's, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended August 2, 2014; Provides Earnings Guidance for the Third Quarter and Full Year 2014 and for the Fiscal Year 2015

Fred's, Inc. reported unaudited earnings results for the second quarter and six months ended August 2, 2014. For the quarter, the company reported net sales of $491,185,000 compared to $482,176,000 a year ago. Operating loss was $26,141,000 compared to operating income of $5,213,000 a year ago. Loss before income taxes was $26,304,000 compared to income before income taxes of $5,084,000 a year ago. Net loss was $16,434,000 or $0.45 basic and diluted per share compared to net income of $3,330,000 or $0.09 basic and diluted per share a year ago. For the second quarter of 2014, earnings before interest, taxes, depreciation and amortization, or EBITDA, a non-GAAP measure, decreased to a loss of $15,900,000 or 3.2% of sales compared with EBITDA of $15,700,000 or 3.3% of sales in the year-earlier quarter. Excluding provisions, EBITDA decreased to a loss of $1,100,000 or 0.2% of sales. Capital expenditures were $6.1 million compared with $2.6 million a year ago. Adjusted EBITDA, which adds back the noncash impact of LIFO and stock-based compensation was a loss of $13.7 million compared with a positive $17.2 million in the same quarter last year. For the six months, the company reported net sales of $989,449,000 compared to $983,671,000 a year ago. Operating loss was $16,112,000 compared to operating income of $22,997,000 a year ago. Loss before income taxes was $16,410,000 compared to income before income taxes of $22,733,000 a year ago. Net loss was $10,316,000 or $0.28 basic and diluted per share compared to net income of $14,741,000 or $0.40 basic and diluted per share a year ago. For the first half of 2014, EBITDA decreased to $3,900,000 or 0.4% of sales from $43,800,000 or 4.5% of sales in the first half of 2013. Excluding reserves, EBITDA was $18,800,000 or 1.9% of sales. Capital expenditures were $11.3 million compared with $9.4 million a year ago. Net cash provided by operating activities was approximately $17.2 million. EBIT was a loss of $16.1 million or negative 1.6% of sales compared to earnings of $23 million or 2.3% of sales last year. Adjusted EBITDA was $7.4 million compared with $47.6 million in the same period last year. The company provided earnings guidance for the third quarter and full year 2014. For the quarter, total sales are expected to increase in the range of 3% to 5%. Comparable store sales are expected to increase in the range of 1% to 3%. Earnings per share on an operating basis, excluding special charges, are forecasted to be a loss in the range of $0.05 to $0.11. EBITDA, excluding special charges, forecasted to be $6 to $9 million. gross margin to be approximately 280 basis points below the same period last year. With the margin pressure pointed out, the loss in earnings per share in the range of $0.08 to $0.12. Adjusted EBITDA, which adds back the noncash items, will be in the range of $7.5 million to $10.5 million. Based on this outlook, the company expects earnings per diluted share on an operating basis, excluding special charges, to be approximately zero for 2014. Full year 2014 EBITDA, excluding special charges, of $40 million to $46 million. Effective tax rate to be in the range of 38% to 40%. Earnings per share to be a loss of $0.48 to $0.58 per share. Operationally and excluding onetime items, the company anticipates approximately flat earnings for the year. Adjusted EBITDA, which adds back the noncash items, will be in the range of $48 million to $54 million. With the strategic and operational changes driven in 2014, the company provided the earnings guidance for the fiscal year 2015. For the year, the company expects earnings per diluted share in the range of $0.72 to $0.82. EBITDA expected to be in the range of $86 to $96 million.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FRED:US $14.64 USD -0.25

FRED Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Dollar Tree Inc $57.24 USD +0.13
Family Dollar Stores Inc $78.75 USD +0.10
Rite Aid Corp $5.37 USD -0.04
Sears Holdings Corp $27.70 USD -0.30
Target Corp $64.28 USD +0.35
View Industry Companies
 

Industry Analysis

FRED

Industry Average

Valuation FRED Industry Range
Price/Earnings 100.0x
Price/Sales 0.3x
Price/Book 1.2x
Price/Cash Flow 13.2x
TEV/Sales 0.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FRED'S INC-CLASS A, please visit www.fredsinc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.