Fred's reports September sales up 1% vs. a year ago

theflyonthewall.com

Fred's reported total sales for the five-week fiscal month ended September 29 increased 1% to $170.9M from $169.5M in September 2011. Comparable store sales for the month declined 3.8% versus an increase of 1.1% in the same period last year. Fred's total sales for the year-to-date period increased 3% to $1.282B compared with $1.244B for the same period last year. On a comparable store basis, year-to-date sales declined 1.2% versus an increase of 0.6% in the same period last year.

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