Content about Fred’s Inc.

May 29, 2014

Fred’s Inc. cited higher income taxes as contributing to declining net income in the first quarter of fiscal 2014.

Memphis, Tenn. – Fred’s Inc. cited higher income taxes as contributing to declining net income in the first quarter of fiscal 2014. Net income totaled $6.1 million, down 46% from $11.4 million in the same quarter in the previous year.

Fred's total sales for the first quarter of fiscal 2014 were $498.3 million, down slightly from $501.5 million for the first quarter last year. Same-store sales for the quarter declined 1.9%.

March 27, 2014

Fred’s Inc. reported a substantial 34.5% decrease in its net income during the fourth quarter of fiscal 2013, to $5.56 million from $8.49 million in the same quarter a year earlier.

Memphis, Tenn. – Fred’s Inc. reported a substantial 34.5% decrease in its net income during the fourth quarter of fiscal 2013, to $5.56 million from $8.49 million in the same quarter a year earlier. Net sales declined 7.2% to $495 million from $533.4 million, and same-store sales grew 0.1%.

May 8, 2013

Fred’s, Inc. reported a slight boost in total sales for the first three months of fiscal 2013 compared to the same period last year – an increase from $500.5 million to $501.4 million.

Memphis -- Fred’s, Inc. reported a slight boost in total sales for the first three months of fiscal 2013 compared to the same period last year – an increase from $500.5 million to $501.4 million. However, comparable store sales during the period decreased 1.3%, compared to a 0.3% drop a year earlier.

Total sales for the four weeks ending May 4 rose 3% from $147.6 million to $152.2 million. Comparable store sales for the month increased 1.2% compared with a decline of 0.3% in the same period last year.

October 6, 2008

Fred’s Inc., said its same-store sales rose 1.1% in September, but the retailer lowered its...

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