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February 6, 2014
07:53 EDTFREDFred's reports adjusted January SSS down 1.8%
The company said, "On an adjusted basis, SSS decreased 1.8% in January versus flat comparable store sales in the year-earlier period. The Q4 SSS, on an adjusted basis, increased 0.1% compared with a decrease of 2.8% in the prior-year period. The weather was a significant challenge for us in January. It not only disrupted consumer shopping patterns, but also resulted in more than 120 store closings during the final week of the month. Prior to the last week of January, sales were running in the mid-range of our forecast, with reconfiguration departments leading the way. In the final week of the month, comparable store sales dropped into the negative double digits, culminating in a weather effect on comparable store sales for all of January that is estimated at more than 300 basis points."
News For FRED From The Last 14 Days
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November 24, 2015
07:47 EDTFREDFred's sees Q4 EPS 13c-17c, consensus 17c
Sees Q4 total sales up 13%-15%, consensus $575.95M. Comparable store sales for the fourth quarter are expected to increase in the range of 1% to 3% compared with flat comparable store sales in the fourth quarter last year. Adjusted EBITDA for the fourth quarter is forecasted to be in the range of $22.0 million to $26.0 million. "We now enter the fourth quarter with confidence that our stores are properly stocked and ready for the holiday season," the company said. "We remain confident that this momentum will drive improved results for the fourth quarter."
07:47 EDTFREDFred's reports Q3 adjusted EPS 10c, consensus 10c
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November 23, 2015
14:17 EDTFREDFred's volatility elevated into Q3 and outlook
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