Fred's (FRED) Comps Rose 0.3% in April
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Fred's Reports April Sales
May 5, 2016 7:45 AM EDTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Fred's Inc. (NASDAQ: FRED) today reported sales for the four-week fiscal month of April and the first quarter of fiscal 2016 that ended on April 30, 2016.
Fred's total sales for the month increased 1% to $163.4 million from $162.2 million in April 2015 as the Company lapped the April 2015 acquisition of EntrustRx specialty pharmacy. Comparable store sales for the month rose 0.3% versus an increase of 0.7% for the year-earlier period.
Fred's total sales for the first three months of fiscal 2016 increased 8% to $549.0 million compared with $509.0 million for the same period last year. On a comparable... More
