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Fred's (FRED) Lowers Q3 EPS Guidance

October 7, 2008 7:50 AM EDT
Fred's Inc. (NASDAQ: FRED) said September comparable store sales for the month increased 1.1%. Fred's total sales for the month were $161.3 million, up slightly from $161.1 million in September 2007.

Fred's is lowering Q3 EPS guidance to a range of $0.14 to $0.16 per diluted share. The consensus is $0.17.

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Guidance, Hot List, Retail Sales