Fred’s (FRED) Reports Flat Comps in August
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Fred’s Inc. (Nasdaq: FRED) reported sales for the four-week fiscal month and seven-month year-to-date period ended August 31, 2013.
Fred’s total sales for the month were largely unchanged at $140.0 million compared with $139.9 million in August 2012. Comparable store sales for the month were approximately flat versus a decline of 2.8% in the same period last year.
Fred’s total sales for the year-to-date period increased 1% to $1.124 billion compared with $1.111 billion for the same period last year. On a comparable store basis, year-to-date sales increased 0.5% versus a decline of 0.8% in the same period last year.
Fred’s total sales for the month were largely unchanged at $140.0 million compared with $139.9 million in August 2012. Comparable store sales for the month were approximately flat versus a decline of 2.8% in the same period last year.
Fred’s total sales for the year-to-date period increased 1% to $1.124 billion compared with $1.111 billion for the same period last year. On a comparable store basis, year-to-date sales increased 0.5% versus a decline of 0.8% in the same period last year.
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