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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. 

Company Quote

14.35
-0.68 -4.52%
29 Aug 2014