Fred's (FRED) October Comps Fell 0.8%; Adjusts Q3, FY12 EPS Outlook
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Fred's, Inc. (NASDAQ: FRED) today reported sales for the four-week fiscal month, third quarter and nine-month year-to-date period ended October 27, 2012.
Fred's total sales for the month increased 3% to $140.0 million from $136.2 million in October 2011. Comparable store sales for the month declined 0.8% versus an increase of 2.0% in the same period last year.
Total sales for the third quarter of 2012 were $450.6 million, up 1% from $444.4 million in the same period last year. Comparable store sales for the quarter declined 2.5% compared with an increase of 1.5% in the third quarter of 2011.
Fred's total sales for the year-to-date period increased 3% to $1.422 billion compared with $1.381 billion for the same period last year. On a comparable store basis, year-to-date sales declined 0.8% versus an increase of 0.7% in the same period last year.
Now sees Q3 EPS of 18 - 23 cents and FY12 EPS of 96 cents to $1.02. The Street sees Q3 EPS of 23 cents and FY12 EPS of 98 cents.
Fred's total sales for the month increased 3% to $140.0 million from $136.2 million in October 2011. Comparable store sales for the month declined 0.8% versus an increase of 2.0% in the same period last year.
Total sales for the third quarter of 2012 were $450.6 million, up 1% from $444.4 million in the same period last year. Comparable store sales for the quarter declined 2.5% compared with an increase of 1.5% in the third quarter of 2011.
Fred's total sales for the year-to-date period increased 3% to $1.422 billion compared with $1.381 billion for the same period last year. On a comparable store basis, year-to-date sales declined 0.8% versus an increase of 0.7% in the same period last year.
Now sees Q3 EPS of 18 - 23 cents and FY12 EPS of 96 cents to $1.02. The Street sees Q3 EPS of 23 cents and FY12 EPS of 98 cents.
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