Fred's (FRED) Posts Breakeven Q1 Loss
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Fred's Reports First Quarter 2015 Results
May 28, 2015 7:45 AM EDTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Fred's, Inc. (NASDAQ: FRED) today reported financial results for the first quarter ended May 2, 2015.
For the first quarter ended May 2, 2015, Fred's net income and earnings per diluted share were essentially flat. For the year-earlier quarter ended May 3, 2014, net income totaled $6.1 million or $0.17 per diluted share.
Fred's total sales for the first quarter of fiscal 2015 increased to $509.0 million from $498.3 million for the first quarter last year. Fred's sales for the prior-year quarter included sales of $21.8 million from stores closed mainly in late 2014 pursuant to the Company's... More
