Key Developments: Fred's Inc (FRED.O)

FRED.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Fred's Inc Declares Quarterly Cash Dividend Of $0.06 Per Share
Tuesday, 21 May 2013 10:50am EDT 

Fred's Inc announced that Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend is payable on June 17, 2013, to shareholders of record as of June 3, 2013.  Full Article

Fred's Inc Comments On Q1 2013 Revenue Outlook; Issues Q1 2013 EPS Outlook In Line With Estimates; Comments On Q1 2013 Comparable Same Store Sales Outlook; Issues FY 2013 EPS Outlook Below Estimates
Thursday, 28 Mar 2013 07:45am EDT 

Fred's Inc announced that for first quarter of 2013, it expects change in total sales to a range from up 1% to down 1%. Comparable store sales for the first quarter of 2013 are expected to be down 1% to 3%, reflecting poor weather in March that affected Lawn & Garden and other seasonal merchandise, versus a decrease of 0.3% in the first quarter last year. Earnings per diluted share (EPS) for first quarter of 2013 are forecasted to be in the range of $0.26 to $0.30 compared with $0.28 last year. For fiscal 2013, it expects earnings per diluted share for fiscal 2013 to be in the range of $0.77 to $0.88. Excluding the impact of the $0.12 per share favorable income tax adjustment on 2012 results, the increase in earnings per share is projected to be 12% to 28% in fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $514 million and EPS of $0.30 for first quarter of 2013; EPS of $0.97 for fiscal 2013.  Full Article

Fred's Inc Lowers Q4 2012 EPS Guidance
Thursday, 7 Mar 2013 07:49am EST 

Fred's Inc announced that because of the combination of fourth quarter promotional markdowns on basic and consumable products, as well as year-end adjustments relating to higher-than-anticipated insurance and other operating costs, the Company is reducing financial guidance for the fourth quarter of 2012 and now expects to report earnings in the range of $0.16 to $0.21 per share. Although these adjustments are disappointing, the continued positive results of the auto/hardware expansion will play a major role in the changes will be implementing in the new year. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.28 for fourth quarter of 2012.  Full Article

Fred's Inc Declares Quarterly Cash Dividend Of $0.06 Per Share
Tuesday, 19 Feb 2013 09:00am EST 

Fred's Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend is payable on March 15, 2013, to shareholders of record as of March 1, 2013.  Full Article

Fred's Inc Lowers Q4 2012 EPS Guidance; Comments On Comparable Same Store Sales Guidance
Thursday, 3 Jan 2013 07:48am EST 

Fred's Inc announced that with the sales shortfall experienced in November and December, the Company for fourth quarter of 2012, expects earnings per share (EPS) to be in the range of $0.25 to $0.31. The Company also announced that it will get back to positive comparable sales and traffic in the upcoming year. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.31 for fourth quarter of 2012.  Full Article

Fred's Inc Reaffirms FY 2012 EPS Guidance-Conference Call
Tuesday, 11 Dec 2012 03:05pm EST 

Fred's Inc announced that for fiscal 2012, it expects earnings per share (EPS) in the range of $0.94 to $0.99. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.94 for fiscal 2012.  Full Article

Fred's Inc Issues Q4 2012 EPS Guidance In Line With Analysts' Estimates; Lowers FY 2012 EPS Guidance
Tuesday, 20 Nov 2012 07:45am EST 

Fred's Inc announced that for fourth quarter of 2012, it expects to increase 19% to 38% to a range of $0.31-$0.36 compared with earnings per diluted share of $0.26 during the same quarter last year. Based on results for the first nine months of 2012 and this outlook, the Company now expects total earnings per diluted share for fiscal 2012 to be in the range of $0.94-$0.99. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $0.32 for fourth quarter of 2012 and EPS of $0.97 for fiscal 2012.  Full Article

Fred's Inc Declares Special Dividend In Addition To Regular Quarterly Dividend
Monday, 19 Nov 2012 04:20pm EST 

Fred's Inc announced that Board of Directors has declared a special, one-time dividend of $0.19 per share in addition to the Company's regular quarterly cash dividend of $0.06 per share. The combined $0.25 amount is payable on December 17, 2012, to shareholders of record as of December 3, 2012.  Full Article

Fred's Inc Lowers Q3 2012 EPS Guidance; Reaffirms FY 2012 EPS Guidance
Thursday, 1 Nov 2012 07:46am EDT 

Fred's Inc announced that as it reach the end of the third quarter of 2012, the Company now expect earnings per share (EPS) to be in the range of $0.18 to $0.23 for the quarter. The reduction in expected earnings from prior estimates reflects the incremental shift in layaway sales, unfavorable LIFO expense charges in the quarter and a single-event increase in insurance reserves, with a combined impact of $0.03 to $0.05 in earnings per share for the quarter. However, with the implementation of several key new merchandising and marketing initiatives in the fourth quarter and the positive impact of the forward shifting of layaway sales and earnings, the Company continue to project a double-digit earnings per share improvement for fiscal 2012, with EPS now expected to be in the range of $0.96 to $1.02. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.23 for the third quarter of 2012 and EPS of $0.98 for fiscal 2012.  Full Article

Fred's Inc Comments On Q3 2012 Revenue Guidance; Comments On Q3 2012 Comparable Store Sales Guidance; Issues Q3 2012 EPS Guidance In Line With Analysts' Estimates; Reaffirms FY 2012 Earnings Guidance
Thursday, 23 Aug 2012 07:45am EDT 

Fred's Inc announced that it remains confident in earnings will increase 10% to 20% for fiscal 2012 as we continue to build a stronger foundation for Fred's in 2012 and beyond. In the third quarter of 2012, the Company expects total sales to increase in the range of 2% to 4%, comparable store sales to decline in the range of 1% to 3%. Third quarter 2012 earnings per diluted share (EPS) are forecasted to be in the range of $0.22 to $0.26. Based on results for the first half of 2012 and this outlook, the Company now expects total earnings per diluted share for fiscal 2012 to be in the range of $0.97 to $1.04. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $457 million and EPS of $0.26 for the third quarter of 2012; EPS of $1.02 for fiscal 2012.  Full Article

UPDATE 1-Market Chatter-Corporate finance press digest

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