Fred's (FRED) Comps Down 1.8% in November; Affirms Outlook

December 4, 2008 7:51 AM EST
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Price: $0.13 --0%

Financial Fact:
Gross profit: 111.21M

Today's EPS Names:
PMCB, CULP, HURC, More
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Fred's Inc. (NASDAQ: FRED) reports total sales for the month of November were $141.7 million, compared to $151.1 million in November '07. Same store sales fell 1.8% compared to a 4.5% decline during the same month last year.

Remains comfortable with its previously issued guidance range for the quarter.

Fred's, Inc. and its subsidiaries engage in the sale of general merchandise through its retail discount stores and pharmacies in the United States.

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Guidance, Retail Sales