Fred's Inc (FRED.O) Key Developments | Reuters.com
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Fred's Inc (FRED.O)

FRED.O on Nasdaq

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Fred's Inc declares quarterly cash dividend of $0.06 per share
Friday, 22 May 2015 05:05pm EDT 

Fred's Inc:Declared a quarterly cash dividend of $0.06 per share.Payable on June 15, to shareholders of record as of June 1.  Full Article

Fred's Inc gives Q1, FY 2015 comparable store sales guidance; gives Q1 2015 guidance; EPS guidance below analysts' estimates; gives FY 2015 mixed guidance
Thursday, 26 Mar 2015 07:45am EDT 

Fred's Inc:Expects Q1 2015 total sales to increase in the range of flat to up 2pct.Expects Q1 2015 comparable store sales to be flat to 2pct.Expects Q1 2015 earnings per diluted share to be in the range of flat to up $0.03.Expects FY 2015 total sales to increase 10pct to 15pct which includes the impact of the acquisition of Reeves-Sain Drug Store, Inc., which was announced on March 25.Expects FY 2015 comparable store sales to increase 4pct to 6pct.Expects FY 2015 total earnings per diluted share to be in the range of $0.50 to $0.58.Reported revenue of $1.970 billion in FY 2014.Q1 2015 revenue of $491 million and EPS of $0.26 - Thomson Reuters I/B/E/S.FY 2015 revenue of $1.97 billion and EPS of $0.61 - Thomson Reuters I/B/E/S.  Full Article

Fred's Inc to acquire EntrustRx Specialty Pharmacy
Wednesday, 25 Mar 2015 10:03am EDT 

Fred's Inc:Signs an agreement to acquire Reeves-Sain Drug Store, Inc.Acquisition includes both EntrustRx, a specialty pharmacy operation that has a strong regional presence in the Southeast serviced from facilities in Spring Hill, Tennessee and Columbus, Mississippi, as well as the single Reeves-Sain retail pharmacy in Murfreesboro, Tennessee.Under the terms, Fred's will acquire EntrustRx and the Reeves-Sain retail pharmacy for about $66 mln, comprising $53 mln in cash and a $13 mln note payable.Fred's, Inc. was represented in the transaction by Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C., with pharmacy regulatory counsel provided by Bass, Berry & Sims PLC.Reeves-Sain Drug Store, Inc. was represented in the transaction by Adams and Reese LLP.  Full Article

Fred's Inc declares quarterly cash dividend
Monday, 23 Feb 2015 02:00pm EST 

Fred's Inc:Declares a quarterly cash dividend of $0.06 per share.Payable on March 16, to shareholders of record as of March 5.  Full Article

Fred's Inc names Michael K. Bloom president and chief operating officer
Monday, 12 Jan 2015 05:00pm EST 

Fred's Inc:Names Michael K. Bloom as company's President and Chief Operating Officer, effective Jan. 12.  Full Article

Fred's Inc gives Q4 2014 EBITDA outlook below analysts' estimates - Conference Call
Tuesday, 25 Nov 2014 10:00am EST 

Fred's Inc:Expects Q4 2014 EBITDA to be in the range of $3.5 to $6 mln.Excluding the costs associated with store closures and the clearing of low productive inventory, expects Q4 2014 EBITDA to be $10.5 to $13 mln.Q4 2014 EBITDA of $13.4 mln - Thomson Reuters I/B/E/S.  Full Article

Fred's Inc gives Q4 2014 revenue outlook; EPS outlook below analysts' estimates
Tuesday, 25 Nov 2014 07:50am EST 

Fred's Inc:Expects Q4 2014 total sales to increase in the range of 4 to 6 pct.Expects Q4 2014 comparable store sales to increase from flat to up 2.0 pct.Expects Q4 2014 net loss per diluted share to be in the range of $0.08 to $0.12.Q4 2014 revenue of $497 mln and EPS of $0.20 - Thomson Reuters I/B/E/S.  Full Article

Fred's Inc declares quarterly cash dividend of $0.06 per share
Monday, 24 Nov 2014 11:02am EST 

Fred's Inc:Declares quarterly cash dividend of $0.06 per share.Payable on Dec.15.To shareholders of record as of Dec. 4.  Full Article

Fred's Inc lowers Q3 2014 EPS guidance
Thursday, 6 Nov 2014 07:45am EST 

Fred's Inc:Expects net loss for Q3 2014 of $0.12 to $0.16, excluding any special charges related to store closings.Q3 2014 EPS of $(0.07) - Thomson Reuters I/B/E/S.  Full Article

Fred's Inc names Jerry A. Shore Chief Executive Officer
Thursday, 30 Oct 2014 05:45pm EDT 

Fred's Inc:Names Jerry A. Shore Chief Executive Officer.Shore's promotion follows the Board's receipt and acceptance of notification by Bruce A. Efird of his intention to leave the company upon the expiration of his employment contract.  Full Article

BRIEF-Fred's Inc says May sales fall 1 pct

* Comparable store sales for month declined 0.4 pct versus an increase of 0.3 pct for year-earlier period