AP NEWS

Fred’s: Fiscal 1Q Earnings Snapshot

June 19, 2019

MEMPHIS, Tenn. (AP) _ Fred’s Inc. (FRED) on Wednesday reported a loss of $33.9 million in its fiscal first quarter.

On a per-share basis, the Memphis, Tennessee-based company said it had a loss of 96 cents. Losses, adjusted to account for discontinued operations and asset impairment costs, came to 83 cents per share.

The discount retailer posted revenue of $319 million in the period.

The company’s shares closed at 37 cents. A year ago, they were trading at $2.14.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRED at https://www.zacks.com/ap/FRED

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