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News Breaks
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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August 28, 2014
16:08 EDTFREDFred's announces operational restructuring, closing of 60 stores
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16:06 EDTFREDFred's sees FY15 diluted EPS 72c-82c, consensus 67c
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16:05 EDTFREDFred's sees FY14 adjusted EPS 0c, may not compare to consensus 25c
The company expects FY14 adjusted EBITDA $40M-$46M.
16:04 EDTFREDFred's sees Q3 adjusted EPS (5c)-(11c), consensus 15c
Total sales are expected to increase 3%-5%, consensus 470.65M. The company sees Q3 SSS up 1%-3%.
16:02 EDTFREDFred's reports Q2 adjusted EPS (19c), consensus (17c)
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15:19 EDTFREDFred's technical comments ahead of earnings
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