Fred's posts 1.1% uptick in comparable store sales, lowers Q3 earnings outlook
Discount store operator Fred's Inc. (Nasdaq:FRED) said this morning that comparable store sales for September increased 1.1% compared with an increase of 1% in September of 2007. However, the company lowered its third-quarter earnings guidance due to the financial crisis and weakening economic environment for the consumer.
Shares were halted in pre-market trading. For detailed price information and news stories on Fred's, click FRED.
For access to the full article, you must be a registered member - it's FREE.
Already a member? Please log in below
Not Registered?
Register today and enjoy all that SmallCapInvestor.com has to offer, including:
- Daily small cap stock profiles.
- Intra-day coverage of Russell 2000 companies.
- Research and insights from our analysts.
- Special reports.
