Fred's (FRED) Reports June Comp Sales Rose 0.2%

Fred's Inc. (NASDAQ: FRED) reported total sales for the month increased 1% to $174.9 million from $174.0 million in June 2008. Comparable store sales for the month rose 0.2% versus an increase of 6.5% in the same period last year.

Fred's total sales for the first five months of fiscal 2009 declined 2% to $768.1 million compared with $781.7 million for the same period last year. Excluding stores closed in 2008, total sales from ongoing stores increased 3% in the first five months of 2009 versus the year-earlier period. On a comparable store basis, year-to-date sales increased 1.7% compared with 3.2% in the same period last year.

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