Last $16.64 USD
Change Today +0.20 / 1.22%
Volume 67.9K
FRED On Other Exchanges
Symbol
Exchange
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As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

fred's inc-class a (FRED) Snapshot

Open
$16.43
Previous Close
$16.44
Day High
$16.82
Day Low
$16.21
52 Week High
03/3/14 - $21.05
52 Week Low
10/9/14 - $13.07
Market Cap
614.3M
Average Volume 10 Days
230.0K
EPS TTM
$-0.40
Shares Outstanding
36.9M
EX-Date
12/2/14
P/E TM
--
Dividend
$0.24
Dividend Yield
1.44%
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 November 1, 2014, the company operated 703 discount general merchandise stores, including 622 company-owned full-sized stores, 60 company-owned express stores, and 21 franchise stores, as well as 362 pharmacy departments. 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 Month and Year-To-Date Ended November 29, 2014

Fred's, Inc. reported sales results for the month and year-to-date ended November 29, 2014. The company reported, total sales for the month increased 2% to $154.3 million from $151.2 million in November 2013. Comparable store sales for the month decreased 2.3% versus flat sales in the same period last year. Total sales for the year-to-date period increased 2% to $1.620 billion from $1.595 billion for the same period last year. On a comparable store basis, year-to-date sales decreased 1.0% compared with an increase of 1.0% for the year-earlier period.

Update On Fred's Strategic Review

Fred's, Inc. (NasdaqGS:FRED) stated that after a comprehensive and diligent process, the company did not receive indications of interest that were satisfactory to the Board of Directors for a sale of the company. Fred's, Inc. continues to explore acquisitions and the recapitalization of the company, and both of these alternatives are ongoing.

Fred's to Open 4 New Stores and 10 to 15 Pharmacy Departments in the Fourth Quarter of 2015; Plans to Close 44 Stores and 16 to 21 Pharmacy Departments in the Full Fiscal Year of 2015

Fred's announced that in the fourth quarter of 2015, the company plans to open 4 new stores and 10 to 15 pharmacy departments. For the full fiscal year of 2015, this brings the estimated net store closings to 44 and net new pharmacy departments to a range of 16 to 21 or a penetration rate of 58% to 59%. The 47 ongoing store closures will be completed during the fourth quarter along with the closure of 1 pharmacy department.

 

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FRED Competitors

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Industry Analysis

FRED

Industry Average

Valuation FRED Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 1.4x
Price/Cash Flow 26.6x
TEV/Sales 0.3x
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