|Bid||1.6500 x 1800|
|Ask||1.6700 x 1100|
|Day's Range||1.5300 - 1.7400|
|52 Week Range||1.3000 - 3.5800|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 2, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.00|
Discount retailer Fred’s Inc. is cutting prices even more, as 159 stores have begun “liquidation sales” Thursday ahead of their closings by the end of May.
The Memphis, Tennessee-based company said in a statement that it had begun liquidation sales at 159 stores with the goal of closing the underperforming and unprofitable outlets by the end of May. The company said 398 other stores will remain open. to sell the pharmacy patient prescription files and related pharmacy inventory of 179 Fred's stores located across 10 Southeastern states.
The board of directors for Fred’s Inc. has approved the closure of 159 “underperforming stores.” According to an April 11 U.S. Securities and Exchange Commission (SEC) filing from the Memphis-based discount retail chain, "The decision to close these stores is the result of a comprehensive evaluation of the company’s store portfolio, which examined historical and recent store performance and the timing of lease expirations, among other factors." The 159 stores are expected to close by the end of May. The closure list, that includes multiple Mid-South stores, can be found at the end of the article. The SEC filing goes on to state: In conjunction with today’s SEC filing, Fred’s also issued a press release that stated it had retained financial advisory firm PJ Solomon April 10 to “evaluate strategic alternatives to maximize value for all shareholders.” PJ Solomon will review Fred’s operating plan and strategic alternatives.
Fred's Inc said on Thursday it would close at least 159 underperforming and unprofitable stores, or nearly 30 percent of its total number of outlets, as the discount retailer works to turnaround its struggling business. The company also said it is continuing to pursue the sale of its remaining pharmacy assets following the sale of patient prescription files and related pharmacy inventory from 179 Fred's stores to drugstore chain Walgreens Boots Alliance Inc .
Shares of discount retailer Fred's Inc. jumped 5.7% in Thursday premarket trading after it said it will start liquidation sales at 159 stores that it is shuttering, part of a strategy to turn around the struggling company. The stores that are scheduled to shutter had expiring leases or limited obligations left on their leases, according to a statement from Fred's Chief Executive Joseph Anto. All of the stores should be closed by May 2019, leaving 398 stores in the company's fleet. Fred's also continues to pursue opportunities to sell its remaining pharmacy assets. In September, the company announced a deal to sell pharmacy assets at 179 stores in 10 southeastern states to Walgreens Boots Alliance Inc. , a deal that closed in the fourth quarter. Fred's has hired PJ Solomon to review all strategic alternatives, with no guarantee of any further action. Fred's shares are up 10.6% for 2019 so far while the S&P 500 index has gained 15.2% for the period.
MEMPHIS, Tenn., April 11, 2019 -- Fred’s, Inc. (NASDAQ: FRED) today announced the retention of PJ Solomon to evaluate strategic alternatives to maximize value for all.
A year after joining Fred’s and two months after being appointed chief operating officer, one of the company’s top execs has left.
Fred's is donning a new look. The Memphis-based general merchandise retailer filed an application March 29 with the U.S. Patent and Trademark Office that featured the below image. The filing described the mark as consisting of “the name FRED’S in a stylized font and slightly arcuate form above EST 1947.
Fred’s senior executives — and some employees — will be given monetary awards for their execution of the company's key initiatives.
Long term investing works well, but it doesn't always work for each individual stock. We really hate to see fellow investors lose their hard-earned money. Anyone who held Fred's, Inc.Read More...
NEW YORK, Feb. 07, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Fred’s has a new executive leadership team — sort of. The Memphis-based general discount store chain announced in a Monday, Feb. 4, filing with the U.S. Securities and Exchange Commission (SEC) that Joseph Anto is now the CEO of Fred’s, effective Feb.
Fred's Inc. late Monday said it named Joseph Anto , who had been serving as interim chief executive office r since April and financial chief since February, as the new CEO. The company also appointed Nathaniel Klein as c hief o perating o fficer and Ritwik Chatterjee as c hief f inancial officer . Shares of Fred's were unchanged in the extended session after rallying 5.2% to close at $3.03 a share.
Joe Anto Appointed as CEO Ritwik Chatterjee Appointed as CFO Nathaniel Klein Appointed as COO Mike Ladd Appointed as CSO MEMPHIS, Tenn., Feb. 04, 2019 -- Fred’s, Inc..
Fred’s, Inc. (“Fred’s” or “Company”) (FRED) today announced that its board of directors (the “Board”) has approved a new share repurchase program in order to acquire up to 3.5 million shares of the Company’s outstanding Class A voting common stock (the “common stock”). The Company’s previous share repurchase program, which allowed for the repurchase of up to 3.8 million shares of the Company’s common stock, was completed on January 24, 2019.
Starting with financial reporting after January 2017, the SEC requires public companies to disclose their CEO-to-median employee pay ratio.
Fred’s multimillion-dollar deal with Walgreens has concluded. The Memphis-based general merchandise and pharmacy chain announced in September 2018 that it had entered into a deal with Walgreens in which Walgreens would acquire the pharmacy patient prescription files and pharmacy inventory for 185 Fred’s stores. In total, Fred’s received $156.1 million in cash proceeds as well as an additional $20.6 million for the pharmacy inventory included in the assets.
CORAL GABLES, FL / ACCESSWIRE / January 8, 2019 / The healthcare industry is predicated on the notion that as diseases become more advanced and difficult to treat, companies responsible for creating treatment options will rise to the occasion to assist patients suffering from said ailments. As healthcare companies work to develop new methods for bettering the care provided to their patients, the industry, in its entirety, will unite to meet the demands and needs of consumers in the space looking for qualitative healthcare. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Rite Aid Corporation (RAD), Fred's Inc (FRED), and Teladoc Health Inc (TDOC), are 4 healthcare stocks representing companies invested in creating the best quality treatments for their patients.
CORAL GABLES, FL / ACCESSWIRE / January 3, 2019 / With the new year only a few days old, the pharmaceutical industry is already buzzing with the excitement surrounding companies who are taking innovative approaches to create a variety of effective treatment options for patients in the space. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Eyepoint Pharmaceuticals, Inc (NASDAQ: EYPT), Cocrystal Pharma Inc (NASDAQ: COCP), and Fred's, Inc (NASDAQ: FRED) are 4 pharma stocks to keep tabs on as the industry moves toward the future. Premier Health Group (OTC:PHGRF) (CSE:PHGI), a company that you may not have heard of, but could potentially benefit from looking into, recognizes the importance of investing in the future of the pharmaceutical industry, and amid this understanding, has made several key announcements in the past few months to show investors, as well as members of its 100,000 patient ecosystem, that the Company is committed to the advancement of this goal.
Memphis and FedEx are practically synonymous. With 30,000 local employees and a plethora of third-party careers that exist in Memphis solely because of FedEx, that correlation is valid. In fact, Memphis is home to 11 locally based public companies.
Fred's, Inc. (NASDAQ:FRED) is a small-cap stock with a market capitalization of US$91m. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end Read More...
The company’s net loss from continuing operations came in at $30.8 million during its third quarter of its fiscal 2018, or 83 cents per share, which is narrower than what it brought in during the year-ago quarter.
Joe Anto, CFO and interim CEO for Memphis-based Fred’s Inc., ran through the third quarter 2018 fiscal results for the general merchandise and pharmacy chain, Thursday, Dec. 13. Fred’s current Memphis headquarters at 4300 New Getwell Road was a featured listing in Colliers International’s Market News Q4 2018 report.
On a per-share basis, the Memphis, Tennessee-based company said it had a loss of 74 cents. Losses, adjusted to account for discontinued operations, came to 83 cents per share. The discount retailer posted ...