Fred's (FRED) August Comps Fall 0.5%
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Fred’s Reports August Sales
August 31, 2017 7:45 AM EDTAugust comparable store sales decreased 0.5%
Pharmacy comps continue to trend positively; GDR increased 105 basis points
MEMPHIS, Tenn.--(BUSINESS WIRE)-- Freds, Inc. (Freds, Freds Pharmacy or the Company) (NASDAQ: FRED) today reported sales for the four-week fiscal month of August, which ended August 26, 2017.
Freds total sales for the month decreased to $153.0 million from $159.7 million in August 2016. The decrease in total sales is related primarily to the closure of 39 underperforming stores in the first quarter. Total comparable store sales for the month saw a slight... More
