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Fred's Inc (FRED.O)

FRED.O on Nasdaq

6.74USD
25 Sep 2017
Change (% chg)

$0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Fred's Inc amends short-term shareholder rights plan
Monday, 18 Sep 2017 07:00am EDT 

Sept 18 (Reuters) - Fred's Inc :Fred’S, Inc. amends short-term shareholder rights plan to protect the ability to utilize net operating losses.Fred's Inc - ‍amended rights plan, which takes effect immediately, will continue in effect until September 18, 2020​.  Full Article

Fred's Inc names Heath Freeman chairman of the board
Wednesday, 6 Sep 2017 07:01am EDT 

Sept 6 (Reuters) - Fred's Inc :Fred's Inc names Heath Freeman chairman of the board.Fred's Inc - ‍Freeman succeeds Thomas Tashjian, who is retiring from board​.  Full Article

Fred's Pharmacy qtrly ‍loss per share $0.78​
Wednesday, 6 Sep 2017 07:00am EDT 

Sept 6 (Reuters) - Fred's Inc ::Fred's Pharmacy reports second quarter 2017 results.Q2 sales $507.8 million versus i/b/e/s view $507.4 million.Q2 same store sales fell 0.3 percent.Fred's Inc - qtrly ‍loss per share $0.78​.Q2 earnings per share view $-0.19, revenue view $507.4 million -- Thomson Reuters I/B/E/S.  Full Article

Fred's August same store sales fell 0.5 percent
Thursday, 31 Aug 2017 07:45am EDT 

Aug 31 (Reuters) - Fred's Inc :Fred's reports August sales.August same store sales fell 0.5 percent.August sales $153 million versus $159.7 million.Fred's Inc - ‍comparable store sales for August negatively impacted by continued increase in generic dispensing rate.Fred's Inc - ‍comparable store sales for August negatively impacted also by 0.5% impact from sale of low productive discontinued inventory versus last year​.Fred's Inc- for August, decrease in total sales is related primarily to closure of 39 underperforming stores in Q1.  Full Article

Fred's says co, units entered into fourth amendment to credit agreement
Thursday, 3 Aug 2017 09:27am EDT 

Aug 3 (Reuters) - Fred's Inc :Fred's - ‍on july 31, co, units entered into fourth amendment to credit agreement, first amendment to amended and restated addendum to credit agreement.Fred's inc says ‍amendment increases revolving loan commitment from $225 million to $270 million​ - sec filing.  Full Article

Fred's Pharmacy says July sales fell 3.5 percent to $150.5 mln
Thursday, 3 Aug 2017 08:00am EDT 

Aug 3 (Reuters) - Fred's Inc ::Fred's Pharmacy reports July sales.July sales fell 3.5 percent to $150.5 million.July same store sales fell 0.1 percent.Quarterly sales fell 4.2 percent to $507.4 million.Fred's ‍comparable store sales for july included negative 0.6pct impact as a result of sale of low productive discontinued inventory versus july of last year​.Fred's Inc says "‍financial results have been slower to materialize than we had anticipated​".Fred's Inc - ‍comparable store sales and performance in retail and specialty pharmacy is "improving​".Fred's Inc- ‍total comparable store sales for quarter decreased 0.3pct​.  Full Article

U.S. CPSC says Fred's recalls charcoal grills due to fire hazard
Wednesday, 2 Aug 2017 11:37am EDT 

Aug 2 (Reuters) - U.S. Consumer Product Safety Commission::Fred's recalls charcoal grills due to fire hazard.Says Fred's recalls 2,000 charcoal grills due to fire hazard.There are 2 reports of paint on exterior of grill igniting, no injuries or property damage have been reported in relation to recall.  Full Article

Fred’s pharmacy appoints Jason Jenne chief financial officer
Wednesday, 19 Jul 2017 09:10am EDT 

July 19 (Reuters) - Fred's Inc -:Fred’S pharmacy appoints Jason Jenne chief financial officer.Says Jason Jenne appointed CFO.Fred's Inc - ‍jenne succeeds Rick Hans​.Fred's Inc - ‍hans will remain in an advisory capacity until August 18, 2017​.Says ‍jenne most recently served as president and CEO of True Temper Sports​.  Full Article

Fred’s Pharmacy reports 1.6 pct fall in June same-store sales
Thursday, 6 Jul 2017 07:45am EDT 

July 6 (Reuters) - Fred's Inc :Fred’S Pharmacy reports June sales.June same-store sales fell 1.6 percent.June sales fell 5.3 percent to $197.5 million.Says ‍fred's total sales for month decreased 5.3% year-over-year to $197.5 million from $208.5 million in June 2016​.Fred's Inc - comparable store sales for June included a negative 0.9% impact as a result of sale of low productive discontinued inventory.Fred's Inc- June combined retail and specialty pharmacy comparable store sales increased 3.5%.Fred's Inc - total sales for June decreased 5.3% year-over-year to $197.5 million from $208.5 million in June 2016.Says ‍decrease in June sales is related to closure of 39 underperforming stores in Q1 and continued pressure in front store business​.Fred's Inc - "Still expect to achieve operational profitability in Q4 of 2017".Fred's- ‍"lower than anticipated June sales and headwinds we are facing will impact our Q2 results, and we no longer expect sequential improvement from Q1".Says ‍total comparable store sales for month decreased 1.6% compared with a 1.3% decrease in comparable sales in prior year period​.Fred's - ‍"Front store sales continue to face headwinds in consumables categories, and cooler than average temperatures impacted summer seasonal sales"​.Fred's Inc - ‍in retail pharmacy, "continue to see a positive shift to generic," experience strong sales, script growth in specialty pharmacy business​.  Full Article

Fred's Inc files for offering of upto 9.3 million shares of common stock by selling shareholder
Friday, 30 Jun 2017 04:57pm EDT 

June 30 (Reuters) - Fred's Inc :Fred's Inc files for offering of upto 9.3 million shares of common stock by selling shareholder - sec filing.  Full Article

BRIEF-Fred's Inc amends short-term shareholder rights plan

* Fred’S, Inc. amends short-term shareholder rights plan to protect the ability to utilize net operating losses