Fred's (FRED) May Comps Decline 0.8%
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Fred’s Pharmacy Reports May Sales
June 1, 2017 7:45 AM EDTExecuting our transformation strategy
Comparable store sales increased 0.8%
MEMPHIS, Tenn.--(BUSINESS WIRE)-- Freds, Inc. (Freds Pharmacy or the Company) (NASDAQ: FRED) today reported sales for the four-week fiscal month of May, which ended May 27, 2017.
Freds total sales for the month decreased 3.1% year-over-year to $160.1 million from $165.2 million in May 2016. The decrease in sales is related to the closure of 39 underperforming stores in the first quarter. Total comparable store sales for the month increased 0.8% compared with a 0.4% decrease in comparable sales in the prior... More
