Fred's (FRED) Feb. Comps Flat
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Fred's Reports February Sales
March 5, 2015 7:45 AM ESTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Fred's Inc. (NASDAQ: FRED) today reported sales for the four-week month of February, the first month of fiscal 2015, which ended February 28, 2015.
Fred's total sales reflect the net closing of 62 locations in 2014 pursuant to the Company's reconfiguration plan. Excluding last year's February sales of $7.4 million from those closed locations, total sales increased 3% for the month. Fred's total sales for February, not adjusting the closed stores, decreased 2% to $154.1 million from $157.4 million in February 2014. Comparable store sales for the month were approximately flat versus a decrease of 2.2% in February last year.... More
