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Fred's (FRED) Tops Q1 Views; Guides Q2, FY10

May 26, 2010 7:47 AM EDT
Fred's (Nasdaq: FRED) reports Q1 EPS of $0.21, 1 cent better than the analyst estimate of $0.20. Revenue for the quarter was $471.6 million, which compares to the estimate of $468.90 million.

Sees Q2 EPS of $0.12-$0.15, versus the consensus of $0.14. Sales are expected to be up 5-7%. Same store sales are expected to be up 2-4%.

Sees FY10 EPS of $0.72-$0.79, versus the consensus of $0.74.

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Earnings, Guidance, Retail Sales