Fred's (FRED) Comps Rise 1.2% in July; Guides Q2 EPS Above Views
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Financial Fact:
Effect of dilutive stock options: 0
Today's EPS Names:
MAXN, CSTR, ACU, More
Financial Fact:
Effect of dilutive stock options: 0
Today's EPS Names:
MAXN, CSTR, ACU, More
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Fred's, Inc. (Nasdaq: FRED) today reported sales for the four-week fiscal month, second quarter and six-month period ended July 28, 2012.
Fred's total sales for the month increased 5% to $136.7 million from $129.7 million in July 2011. Comparable store sales for the month increased 1.2% versus a decrease of 0.5% in the same period last year.
Fred's now expects that earnings per diluted share for the second quarter of 2012 will be in the range of $0.17 to $0.19. The Street sees EPS of $0.15.
Fred's total sales for the month increased 5% to $136.7 million from $129.7 million in July 2011. Comparable store sales for the month increased 1.2% versus a decrease of 0.5% in the same period last year.
Fred's now expects that earnings per diluted share for the second quarter of 2012 will be in the range of $0.17 to $0.19. The Street sees EPS of $0.15.
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