Fred's (FRED) August Comps Increase 1.2%
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Fred's Reports 12% Higher August Sales
September 3, 2015 7:45 AM EDTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Fred's Inc. (NASDAQ: FRED) today reported sales for the four-week fiscal month and seven-month year-to-date period ended August 29, 2015.
Fred's total sales for the month increased 12% to $165.6 million from $147.2 million in August 2014. Excluding $5.6 million from last year's August sales related to 54 subsequently closed locations, total sales increased 17% for the month. Comparable store sales for the month increased 1.2% on top of a 2.3% increase in the year-earlier period.
Fred's total sales for the year-to-date period increased 7% to $1.221 billion from $1.137 billion for the same period last year. Excluding sales of $45.1... More
