Fred's (FRED) May Comps Rose 0.3%
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Fred's Reports 10% Higher May Sales
June 4, 2015 7:45 AM EDTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Fred's Inc. (NASDAQ: FRED) today reported sales for the four-week month of May, which ended May 30, 2015.
Fred's total sales for the month of May increased 10% to $166.9 million from $151.4Â million in May 2014, reflecting the first full month sales contribution from the Company's recent acquisition of the EntrustRx specialty pharmacy operations. Excluding $6.1 million from last year's May sales for 56 closed locations, total sales increased 15% for the month. Comparable store sales for the month increased 0.3% compared with a 0.4% decrease in the same period last year.
Fred's total sales for the first... More
