Fred's (FRED) Comps Rise 1.2% in July; Guides Q2 EPS Above Views
Tweet
Share
E-mailGet Alerts FRED Hot Sheet
Price: $0.13 --0%
Financial Fact:
Depreciation and amortization: 12M
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Depreciation and amortization: 12M
Today's EPS Names:
EDXC, BICX, FBPI, More
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Etsy upgraded to buy at BofA on durable growth, buyback potential
- ACRES Commercial Realty says labor dispute is hindering hotel sale
- Jefferies Downgrades Pop Mart International Group Ltd (9992:HK) to Hold
Create E-mail Alert Related Categories
Guidance, Hot Guidance, Retail SalesRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
