Fred's (FRED) Feb. Comps Increase 0.8%
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Fred's February Total Sales Increase 12%
March 3, 2016 7:45 AM ESTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Fred's Inc. (NASDAQ: FRED) today reported sales for the four-week fiscal month of February, the first month of fiscal 2016, which ended February 27, 2016.
Fred's total sales for the month increased 12% to $171.1 million from $153.2 million in February 2015. Comparable store sales for the month rose 0.8% versus flat comparable store sales for the year-earlier period.
Commenting on the announcement, Jerry A. Shore, Chief Executive Officer, said, "We were pleased to see an ongoing trend of positive comparable store sales in January and strong growth in total sales for the month.... More
