Fred's (FRED) Reports In-Line Q1 EPS of $0.21; Guides Q2, FY09
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Fred's, Inc. (NASDAQ: FRED) reports Q1 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter was $458.4 million, versus the consensus of $455.34 million.
On a comparable store basis, year-to-date sales increased 2.8% compared with 2.1% in the same period last year.
Sees Q2 sales down 1-3%, with same store sales flat to up 2%. EPS for the quarter are expected to be $0.12-$0.15, versus the consensus of $0.12.
For FY09, EPS are expected to be $0.73-$0.80, which compares to the Street estimate of $0.77.
On a comparable store basis, year-to-date sales increased 2.8% compared with 2.1% in the same period last year.
Sees Q2 sales down 1-3%, with same store sales flat to up 2%. EPS for the quarter are expected to be $0.12-$0.15, versus the consensus of $0.12.
For FY09, EPS are expected to be $0.73-$0.80, which compares to the Street estimate of $0.77.
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