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Fred's Inc (FRED.OQ)

FRED.OQ on NASDAQ Stock Exchange Global Select Market

2.23USD
19 Jul 2018
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$0.02 (+0.90%)
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Latest Key Developments (Source: Significant Developments)

Fred’s Reaches Definitive Agreement To Sell Specialty Pharmacy Unit
Tuesday, 8 May 2018 

May 7 (Reuters) - Fred's Inc ::FRED’S REACHES DEFINITIVE AGREEMENT TO SELL SPECIALTY PHARMACY UNIT.FRED’S REACHES DEFINITIVE AGREEMENT TO SELL SPECIALTY PHARMACY UNIT.FRED'S INC - AGGREGATE CONSIDERATION TO BE PAID IS $40.0 MILLION, PLUS AN AMOUNT EQUAL TO VALUE OF INVENTORY OF ENTRUSTRX.FRED'S INC - REACHED AGREEMENT TO SELL CERTAIN ASSETS OF ENTRUSTRX TO A SUBSIDIARY OF CVS HEALTH CORP.FRED'S INC - CASH PROCEEDS FROM DEAL WILL ALLOW CO TO PAY DOWN A SIGNIFICANT PORTION OF DEBT.  Full Article

Fred's Reports Q3 Same Store Sales Fell 0.8 Percent
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Fred's Inc ::FRED'S INC. REPORTS THIRD QUARTER 2017 RESULTS.Q3 SALES $493.6 MILLION VERSUS I/B/E/S VIEW $499.8 MILLION.Q3 SAME STORE SALES FELL 0.8 PERCENT.- QTRLY LOSS EARNINGS PER SHARE $1.38.-COMP STORE SALES IN Q3 OF 2017 INCLUDED NEGATIVE 36 BPS IMPACT AS RESULT OF SALE OF LOW PRODUCTIVE DISCONTINUED INVENTORY VERSUS Q3 OF 2016.FRED'S - Q3 INCLUDED CHARGES OF $0.96 PER SHARE AFTER TAX.Q3 EARNINGS PER SHARE VIEW $-0.13 -- THOMSON REUTERS I/B/E/S.FRED'S - Q3 EPS, ADJUSTED EBITDA NEGATIVELY IMPACTED BY MORE AGGRESSIVE INVENTORY REDUCTION.FRED'S - Q3 EPS, ADJUSTED EBITDA ALSO NEGATIVELY IMPACTED BY TIMING OF SHIPMENTS FOR HIGHER MARGIN SEASONAL MERCHANDISE.  Full Article

Fred's Pharmacy announces senior management appointments
Tuesday, 14 Feb 2017 

Fred's Inc : Fred's Pharmacy announces senior management appointments .Fred's-Names Gregory Froton Senior VP, merchandising, general merchandise; names Kimberley Felice-Dooley as Senior VP, merchandising - consumables.  Full Article

Fred's Inc reports Q2 loss per share of $0.18
Tuesday, 30 Aug 2016 

Fred's Inc : August same store sales fell 3 percent . Fred's announces second quarter 2016 results . Q2 sales fell 3 percent . Q2 loss per share $0.18 . August sales $159.6 million . Q2 earnings per share view $-0.21 -- Thomson Reuters I/B/E/S . Comparable store sales for Q2 declined 2.0% versus an increase of 0.9% in Q2 last year . Fred's Inc says expect changes in both total sales and comparable store sales to range from negative 1% to a positive 1% for second half of year . Says may see a loss per diluted share for second half of year in range of $0.18 to $0.23 . See Q3 loss per share deeper than Q4 loss per share .Qtrly net sales $529.5 million versus $546.1 million.  Full Article

Fred's July same store sales fell 4.6 percent
Thursday, 4 Aug 2016 

Fred's Inc July Same Store Sales View 0.0 Pct : Fred's reports july sales . Q2 sales $527.7 million versus I/B/E/S view $545.8 million . July same store sales fell 4.6 percent . July sales fell 7 percent to $154 million . On a comparable store basis, q2 sales decreased 2.0% . "we are reviewing our pharmacy reimbursement strategy to manage forward magnitude of dir fees" . - thomson reuters data . Now anticipate reporting a loss for q2 in range of $0.18 to $0.24 per share . "we are disappointed with company's performance in month of july" . "specialty pharmacy continues to be affected by industry-wide slowdown in demand for hepatitis c drugs" . Have initiatives underway that will be implemented during q3, q4 to address "recent trends in general merchandise and pharmacy" .Q2 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Fred’s Reaches Definitive Agreement To Sell Specialty Pharmacy Unit

* FRED’S REACHES DEFINITIVE AGREEMENT TO SELL SPECIALTY PHARMACY UNIT