Content about Fred Figglehorn

May 21, 2013
Fred's declares quarterly cash dividend

Fred's announced that its board of directors has declared a quarterly cash dividend of $0.06 per share.

MEMPHIS, Tenn. — Fred's Inc. today announced that its board of directors has declared a quarterly cash dividend of $0.06 per share.

The dividend is payable on June 17, 2013, to shareholders of record as of June 3, 2013.

Fred's Inc. operates 715 discount general merchandise stores, including 21 franchised Fred's stores, in the southeastern United States. For more information about the company, visit Fred's website at www.fredsinc.com.

May 8, 2013
Fred's posts solid April results but flat for Q1

Fred's Super Dollar posted a slight 0.2% sales gain for its first quarter ended May 4, to $501.4 million.

MEMPHIS, Tenn. — Fred's Super Dollar on Tuesday posted a slight 0.2% sales gain for its first quarter ended May 4, to $501.4 million. Comparable store-sales for the quarter were down 1.3%. 

For the month of April (four weeks ended May 4), Fred's total sales increased 3% to $152.2 million. Comparable store sales for the month increased 1.2% comparatively.

March 7, 2013
Fred's reports slight February gains despite economic headwinds

Fred's Super Dollar reported total sales of $159.2 million for the four weeks ended March 2, up some $200,000 from the corresponding year-ago period.

MEMPHIS, Tenn. — Fred's Super Dollar on Thursday reported total sales of $159.2 million for the four weeks ended March 2, up some $200,000 from the corresponding year-ago period. Comparable store sales for the month declined 1.5%. 

January 3, 2013
Fred's posts slight December decline; looks forward to strong 2013 with expansion in pharmacy, specialty drugs

Fred's reported a 1% sales decline to $209.9 million for the five-week fiscal month ended Dec. 29.

MEMPHIS, Tenn. — Fred's on Thursday reported a 1% sales decline to $209.9 million for the five-week fiscal month ended Dec. 29. Comparable store sales for the month decreased 4.2% compared with a decline of 0.4% in the same period last year.

September 4, 2012
Deep discounter Fred's to begin accepting American Express

American Express and Fred's on Friday announced the launch of a special three-month American Express Cardmember offer beginning in September to celebrate the recent card acceptance agreement between the two companies.

NEW YORK 

August 30, 2012
Late BTS rush boosts Fred's Aug. sales up 2.8% to $140 million

Fred's on Thursday posted $139.9 million in sales, up 2.8%, for the four weeks ended Aug. 25.

MEMPHIS, Tenn. — Fred's on Thursday posted $139.9 million in sales, up 2.8%, for the four weeks ended Aug. 25. Comparable-store sales for the month decreased 2.8%, versus an increase of 1.6% in the same period last year.

April 5, 2012
Fred's CEO: March dollar sales up but comps flat; pharmacy performing well

Fred's on Thursday reported total sales of $194 million for the five weeks ended March 31, up 3% from the year-ago period.

MEMPHIS, Tenn. — Fred's on Thursday reported total sales of $194 million for the five weeks ended March 31, up 3% from the year-ago period. Comparable-store sales for the month were flat versus an increase of 0.7% in the same period last year.

February 2, 2012
Sales rise, comps drop at Fred's

Fred's on Thursday said January sales rose 3% to $132.4 million, compared with the year-ago period.

MEMPHIS — Fred's on Thursday said January sales rose 3% to $132.4 million, compared with the year-ago period.

Comparable-store sales for the retailer, however, declined 0.8%, compared with an increase of 2.1% in the same period last year.

December 1, 2011
Fred's comps up 1.5% for month of November

Fred's on Thursday reported sales of $152.1 million, up 4%, for the four-week fiscal month ended Nov. 26. Comparable store sales for the month rose 1.5% on top of an increase of 4.7% in the same period last year.

MEMPHIS, Tenn. — Fred's on Thursday reported sales of $152.1 million, up 4%, for the four-week fiscal month ended Nov. 26. Comparable store sales for the month rose 1.5% on top of an increase of 4.7% in the same period last year.

October 6, 2011
Branded-to-generic shift impacts Fred's September comps

Fred’s posted a 1% gain in sales, to $17.5 million, for the five weeks ended Oct. 1.

MEMPHIS, Tenn. — Fred’s posted a 1% gain in sales, to $17.5 million, for the five weeks ended Oct. 1.

Comparable store sales for September increased 1.1%; comparable store sales were flat in the year-earlier month. The September total sales comparison was adversely affected by store-closing sales that occurred last year during the month.

August 4, 2011
Fred's Q2 sales up slightly; consumers buying mostly staples

Fred's on Thursday reported sales of $452.7 million, up 1% compared with the year-ago period, for the second quarter ended July 30.

MEMPHIS, Tenn. — Fred's on Thursday reported sales of $452.7 million, up 1% compared with the year-ago period, for the second quarter ended July 30. On a comparable-store basis, second-quarter sales decreased 0.4% versus an increase of 2.5% in the same period last year.

"July's sales performance was consistent with the first two months of the quarter as external economic factors, including high unemployment and reductions in government aid, continued to have a negative impact throughout the Southeast," stated Bruce Efird, Fred's CEO.

May 5, 2011
April sales increase 3% for Fred's

Fred's tallied $141.8 million in sales, representing an increase of 3% for the four weeks ended April 30, the retailer reported Thursday.

MEMPHIS, Tenn. — Fred's tallied $141.8 million in sales, representing an increase of 3% for the four weeks ended April 30, the retailer reported Thursday.

Comparable-store sales for the month rose 1.8%, versus an increase of 0.6% in the same period last year. Likewise, Fred's total sales for the first three months of fiscal 2011 increased 3% to $484.4 million.

November 30, 2010
November sales at Fred's exceed expectations

Total sales and comparable-store sales both rose during the month of November for Fred's, the chain announced Tuesday.

MEMPHIS — Total sales and comparable-store sales both rose during the month of November for Fred's, the chain announced Tuesday.

Fred's disclosed total sales for the four-week fiscal month ended Nov. 27 increased 6% to $146.3 million from the year-ago period, while comparable-store sales for the month rose 4.7% versus a decline of 3.3% during November 2009.

October 6, 2010
September sales up for Fred's

Fred's September sales increased 2% for the five-week fiscal month....

June 2, 2010
'Positive traffic and a strong finish' aid May sales for Fred's

Discounter Fred's noted a 5% rise in its fiscal sales for the month, which ended May 29....