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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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February 4, 2016
07:45 EDTFREDFred's reports total Q4 sales $553.8M, consensus $572.78M
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07:45 EDTFREDFred's reports January SSS up 0.7%
Fred's total sales for the month increased 12% to $155.7 million from $139.6 million in January 2015. Comparable store sales for the month rose 0.7% on top of an increase of 4.3% in the year-earlier period.

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