Fred's (FRED) Comps Down 2.8% 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 25, 2012.
Fred's total sales for the month increased 2% to $139.9 million from $137.8 million in August 2011. Comparable store sales for the month decreased 2.8% versus an increase of 1.6% in the same period last year.
Fred's total sales for the year-to-date period increased 3% to $1.111 billion compared with $1.075 billion for the same period last year. On a comparable store basis, year-to-date sales decreased 0.8% versus an increase of 0.6% in the same period last year.
Fred's total sales for the month increased 2% to $139.9 million from $137.8 million in August 2011. Comparable store sales for the month decreased 2.8% versus an increase of 1.6% in the same period last year.
Fred's total sales for the year-to-date period increased 3% to $1.111 billion compared with $1.075 billion for the same period last year. On a comparable store basis, year-to-date sales decreased 0.8% versus an increase of 0.6% in the same period last year.
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