Fred's (FRED) Reports Q4 Loss of $1.86/Share

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Fred’s Reports Fourth Quarter and Fiscal Year 2018 Results

May 6, 2019 5:00 AM EDT

MEMPHIS, Tenn., May 06, 2019 (GLOBE NEWSWIRE) -- Freds, Inc. (NASDAQ: FRED) reported financial results for the fourth quarter and fiscal year ended February 2, 2019. Except as otherwise noted, the results contained herein have been adjusted for discontinued operations related to the sale of Freds specialty pharmacy business to an affiliate of CVS Health Corporation and certain assets of Freds retail pharmacy business to Walgreen Co. The amounts and percentages presented below, for all periods, reflect the results of operations and financial conditions from Freds continuing operations.

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