Fred's Inc. (FRED) Reports Increase in March Sales
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Fred's Inc. (NASDAQ: FRED) reported record sales for the five-week fiscal month of March, which ended April 7, 2007, versus the five-week period last year that ended April 1, 2006.
Fred's total sales for the month rose 9% to $172.2 million from $158.2 million in March 2006. Comparable store sales for the month increased 4.4% versus 1.0% in the same period last year.
Fred's total sales for the first two months of fiscal 2007 also increased 9% to $316.1 million compared with $291.0 million for the same period last year. On a comparable store basis, year-to-date sales increased 4.1% compared with 0.7% in the year-earlier period.
Fred's total sales for the month rose 9% to $172.2 million from $158.2 million in March 2006. Comparable store sales for the month increased 4.4% versus 1.0% in the same period last year.
Fred's total sales for the first two months of fiscal 2007 also increased 9% to $316.1 million compared with $291.0 million for the same period last year. On a comparable store basis, year-to-date sales increased 4.1% compared with 0.7% in the year-earlier period.
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