MEMPHIS, Tenn. — Back-to-school and improved pharmacy performance lifted Fred's sales for the month of August, the company reported Thursday.
Fred's total sales for the four weeks ended Aug. 27 increased 3% to $137.8 million. Comparable store sales for the month increased 1.6% on top of an increase of 3.6% for the same period last year.
Fred's total sales for the year-to-date period increased 2% to $1.1 billion. On a comparable store basis, year-to-date sales increased 0.6% versus an increase of 2.6% for the same period last year.