Fred's Names John Foley Executive Vice President of Store Operations

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Fred's (FRED) Reports 4.2% Increase in Comps for Sept.

October 8, 2015 7:47 AM EDT

Fred's (NASDAQ: FRED) reported sales for the five-week fiscal month of September and eight-month year-to-date period ended October 3, 2015.

Fred's total sales for the month increased 15% to $211.5 million from $183.5 million in September 2014. Excluding $6.2 million from last year's September sales related to 52 subsequently closed locations, total sales increased 19% for the month. Comparable store sales for the month rose 4.2% compared with an increase of 0.2% in the year-earlier... More