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Fred's (FRED) Comps Down 0.3% in April; Reaffirms Guidance

May 3, 2012 7:49 AM EDT
Fred's (Nasdaq: FRED) reports Q1 sales of $500.5 million, vs. the consensus estimate of $501.1 million.

Same-store sales for the month of April fell 0.3%.

The company reaffirmed its FY12 outlook.


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Guidance, Retail Sales