Fred's (FRED) Tops Q4 EPS by 1c; Issues Light EPS Outlook

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Go back to Fred's (FRED) Tops Q4 EPS by 1c; Issues Light EPS Outlook

Fred's Reports Fourth Quarter and Full Fiscal Year 2014 Results

March 26, 2015 7:45 AM EDT

MEMPHIS, Tenn.--(BUSINESS WIRE)-- Fred's, Inc. (NASDAQ: FRED) today reported financial results for the fourth quarter and year ended January 31, 2015.

For the fourth quarter ended January 31, 2015, Fred's net loss totaled $8.2 million or ($0.22) per diluted share compared with net income of $4.0 million or $0.11 per diluted share in the year-earlier period. Adjusted net income (a non-GAAP financial measure) for the fourth quarter of 2014 was $0.7 million or $0.02 per diluted share, which excludes non-operational charges in the fourth quarter of 2014 that totaled $15.0 million pre-tax or ($0.24) per share. See the reconciliation of non-GAAP financial measures later in this... More

Fred's Announces Key Management Additions and Changes

March 25, 2015 7:02 PM EDT

MEMPHIS, Tenn.--(BUSINESS WIRE)-- Fred's, Inc. (NASDAQ: FRED) today announced several key management changes, including:

Bryan Pugh named Chief Merchandising and Marketing Officer (CMMO). Craig Barnes promoted to Executive Vice President of Supply Chain, Global and Domestic Logistics. Mike Holligan promoted to Executive Vice President of Store Operations.

Commenting on the announcement, Jerry A. Shore, Chief Executive Officer, said, "Working together with Mike Bloom, our President and Chief Operating Officer, we are now assembling a solid,... More