Fred's reports record sales numbers
February 9, 2004,
Fred's 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 fiscal 2004, Fred's expects sales in the range of $1.495 billion to $1.520 billion, up 15 percent to 17 percent. Comps are expected to rise 4 percent to 7 percent.
The company anticipates earnings per share in the range of $1.03 to $1.10 for fiscal 2004, representing an increase of 17 percent to 26 percent over expected earnings for fiscal 2003.