Key Developments For Fred's Inc
Fred's Inc (FRED.O) (Nasdaq)
Fred's Inc. Issues Q4 2009 Outlook; EPS Outlook Below Analysts' Estimates; Comments On Q4 2009 Comparable Store Sales Outlook; Lowers FY 2009 EPS Outlook
Fred's Inc. announced that for the fourth quarter of 2009, the Company expects total sales to increase 1% to 3%. Comparable store sales are expected to be approximately flat for the quarter. This compares with a comparable store sales decrease of 1.1% in the fourth quarter of 2008. Earnings per diluted share are forecasted to be in the range of $0.17 to $0.24 for the fourth quarter of 2009. Based on this outlook, the Company expects total earnings per diluted share for fiscal 2009 to be in the range of $0.62 to $0.69. The Company reported revenues of $469 million in fourth quarter of 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $483 million and EPS of $0.25 for fourth quarter of 2009 and EPS of $0.72 for fiscal 2009.
Fred's Inc. Issues Q3 2009 Outlook In Line With Analysts' Estimates; Comments On Q3 2009 Comparable Store Sales Outlook; Reiterates FY 2009 EPS Outlook
Fred's Inc. announced that for third quarter of 2009, it expects total sales to increase 1%-3%, comparable store sales to be in the range of flat to up 2% and earnings per diluted share (EPS) to be in the range of $0.18-$0.21. It reiterated fiscal 2009 outlook and expects EPS to be in the range of $0.73-$0.80. The Company reported revenues of $418 million in third quarter of 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $430 million and EPS of $0.20 for third quarter of 2009 and EPS of $0.77 for fiscal 2009.
Fred's Inc. Sees Q2 2009 EPS To Be Near Mid Range Of Prior Guidance
Fred's Inc. announced that it expects earnings to be near the mid-range of its projected $0.12-$0.15 per diluted share (EPS) for the second quarter of 2009. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.13 for the same period.
Fred's Inc. Increases Quarterly Cash Dividend To $0.03 Per Share
Fred's Inc. announced that its Board of Directors has increased the Company's quarterly cash dividend to $0.03 per share from the prior rate of $0.02 per share. The dividend is payable on June 15, 2009, to shareholders of record as of June 1, 2009.
Fred's Inc. Issues Q2 2009 Outlook In Line With Analysts' Estimates; Comments On Q2 2009 Comparable Store Sales Outlook; Reiterates FY 2009 EPS Outlook
Fred's Inc. announced that for second quarter of 2009, it expects total sales to decline in the range of 1%-3%, comparable store sales are expected to be in the range of flat to up 2% and earnings per share (EPS) are forecasted to be in the range of $0.12-$0.15. It reiterated fiscal 2009 outlook and expects EPS to be in the range of $0.73-$0.80. The Company reported revenues of $447.1 million in second quarter of 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $440.1 million and EPS of $0.13 for the second quarter of 2009 and EPS of $0.77 for fiscal 2009.
