Fred's Announces Third Quarter 2016 Results, November Sales

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Fred's (FRED) Misses Q3 EPS by 9c

December 8, 2016 4:09 PM EST

Fred's (NASDAQ: FRED) reported Q3 EPS of ($0.27), ex-items, $0.09 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $516.6 million versus the consensus estimate of $514.27 million.

Comparable store sales for the third quarter declined 3.8% versus an increase of 2.7% in the third... More