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Fred's Inc Issues Comments On Q3 2013 Revenue Guidance; Issues Q3 2013 EPS Guidance In Line With Analysts' Estimates; Comments On Q3 2013 Comparable Store Sales Guidance; Raises FY 2013 EPS Guidance

Thursday, 29 Aug 2013 07:45am EDT 

Fred's Inc announced that for third quarter of 2013, it expects total sales to increase in the range of 1% to 3%. Comparable store sales are expected to be flat to up 2% versus a decrease of 2.5% in the third quarter last year. Third quarter 2013 earnings per diluted share are forecasted to be in the range of $0.19 to $0.23 compared with earnings per diluted share of $0.18 in the same period last year. Based on results for the first half of 2013 and this outlook, the Company now expects total earnings per diluted share for fiscal 2013 to be in the range of $0.81 to $0.86. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $461 million and EPS of $0.23 for third quarter of 2013; EPS of $0.85 for fiscal 2013. 

Company Quote

0.09 +0.57%
1:25pm EDT