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Fred's Inc (FRED.O)

FRED.O on Nasdaq

16.66USD
13 Jan 2017
Change (% chg)

$-0.05 (-0.30%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Fred's Inc announces leadership change
Wednesday, 23 Mar 2016 08:00am EDT 

Fred's Inc:Michael j. hayes to step down from chairman's role.Board appointed Thomas Tashjian as the new chairman of the board.Says hayes becomes chairman emeritus and will remain on the board of directors.  Full Article

Fred's Inc gives Q4 2015 guidance
Tuesday, 24 Nov 2015 07:45am EST 

Fred's Inc:Provides guidance for Q4 2015 , which does not include an estimate of future data breach-related expenses.Says Total sales for Q4 2015 are expected to increase in the range of 13% to 15%.SaysComparable store sales for Q4 2015 are expected to increase in the range of 1% to 3%.Says Earnings per diluted share for Q4 2015 are forecasted to be in the range of $0.13 to $0.17.Says Adjusted EBITDA for Q4 2015 is forecasted to be in the range of $22.0 million to $26.0 million.  Full Article

Fred's Declares Quarterly Cash Dividend of $0.06 Per Share
Monday, 23 Nov 2015 10:32am EST 

Fred's, Inc:declared a quarterly cash dividend of $0.06 per share.dividend is payable on December 15, 2015, to shareholders of record as of December 3.  Full Article

Fred's Inc gives Q3 2015 earnings guidance below analysts' estimates; lowers FY 2015 earnings guidance
Thursday, 27 Aug 2015 07:45am EDT 

Fred's Inc:Expects Q3 2015 total sales to increase in the range of 12% to 14%.Expects Q3 2015 comparable store sales to range from flat to up 2% compared with an increase of 0.3%.Expects Q3 2015 Adjusted EBITDA to be in the range of $15.0 million to $20.0 million.Expects Q3 2015 earnings per diluted share to be in the range of $0.08 to $0.12.Expects FY 2015 Adjusted EBITDA to be in the range of $58.0 million to $65.0 million.Expects FY 2015 Earnings per diluted share to be in the range of $0.10 to $0.18.Q3 2015 revenue of $539 million, EBITDA of $22 mln and EPS of $0.15 - Thomson Reuters I/B/E/S.FY 2015 EBITDA of $69.76 mln and EPS of $0.26 - Thomson Reuters I/B/E/S.  Full Article

Fred's Inc declares Quarterly Cash Dividend of $0.06 Per Share
Saturday, 22 Aug 2015 02:06am EDT 

Fred's Inc:Has declares a quarterly cash dividend of $0.06 per share.Says the dividend is payable on Sep. 15, to shareholders of record as of Sep. 1.  Full Article

Fred's Inc lowers prior Q2 2015 net loss guidance
Thursday, 6 Aug 2015 07:45am EDT 

Fred's Inc:Sees Q2 2015 net loss in the range of $0.10 to $0.15 per share.  Full Article

Fred's Inc gives Q2 2015 guidance
Thursday, 28 May 2015 07:45am EDT 

Fred's Inc:Sees Q2 2015 total sales to increase in the range of 16 pct. to 19 pct.Sees Q2 2015 comparable store sales to increase in the range of 1 pct. to 3 pct. compared with a decrease of 0.1 pct. in the second quarter last year.Sees Q2 2015 earnings per diluted share to be in the range $0.02 to $0.07 compared with operational earnings per share of ($0.19) last year.  Full Article

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 adopts poison pill after Alden Global announces stake

Discount store operator Fred's Inc adopted a poison pill, less than a week after hedge fund Alden Global Capital LLC reported a 24.8 percent stake in the company.