Fred's meet expectations with September results
October 10, 2013-- Home Textiles Today,
Memphis - Thanks to positive trends in its general merchandise and pharmacy departments, Fred's posted sales and comp gains in September.
Total sales increased 4% to $177.3 million, and same-store sales were up 2.8%, "at the high end of our projected range," ceo Bruce Efird noted, versus a decline of 3.8% in the same period last year.
"Given the progress we achieved during the second quarter, we remain confident that third quarter earnings will be within the range previously forecasted," Efird added.
During the month, Fred's opened two stores and three Xpress pharmacy locations.
Related Content By Author
Live from New York Textiles Market: Day 3