Fred's fat numbers
February 5, 2004,
MEMPHIS, Tenn.— Fred's today reported record sales for the fourth quarter and the full fiscal year ended Jan. 31, and the company said it expects more of the same in the new fiscal year.
For the quarter, sales jumped 17 percent and comps rose 5.1 percent, on top of a 7.0 percent gain during last year's 4Q. For the fiscal year, sales climbed 18 percent to $1.303 billion. Comps increased 5.7% on top of an 11.2% increase in the previous fiscal year.
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