Content about Efird

March 28, 2013

Fred's misses analyst expectations, points to aggressive pharmacy expansion as future growth driver

Fred's will be looking to extend its pharmacy penetration to as high as 70% of all stores in the next three years.

November 20, 2012

Fred's looks to grow through Diplomat Specialty partnership and Drug and Dollar concept pharmacy

Any trickle-down of an improving economy hasn't trickled down to Fred's consumer base, Bruce Efird, Fred's CEO, told analysts Tuesday morning in discussing the discounter's third-quarter results.

November 1, 2012

Fred's records slight uptick in 3Q sales

Fred's Super Dollar on Thursday reported an increase of 1% in total sales to $450.6 million for its third quarter ended Oct. 27.

August 28, 2012

Fred's profit rises in Q2

Fred's reported that net income for the second quarter ended July 28 rose 19% to $6.1 million, compared with $5.1 million in the year-ago period.

December 1, 2011

Fred's comps up 1.5% for month of November

Fred's on Thursday reported sales of $152.1 million, up 4%, for the four-week fiscal month ended Nov. 26. Comparable store sales for the month rose 1.5% on top of an increase of 4.7% in the same period last year.

November 22, 2011

Fred's reports strong Q3 results

Discount retailer Fred's realized positive third-quarter results, thanks to "strong customer traffic, higher gross margins in its general merchandise and pharmacy departments, as well as improved management of controllable operating costs," Fred's CEO Bruce Efird said.

August 25, 2011

Fred's Q2: Customer challenged; pharmacy significant POD

Southeastern discount banner Fred's on Thursday morning reported that the consumer continues to be challenged by economic pressures.

August 4, 2011

Fred's Q2 sales up slightly; consumers buying mostly staples

Fred's on Thursday reported sales of $452.7 million, up 1% compared with the year-ago period, for the second quarter ended July 30.

May 5, 2011

April sales increase 3% for Fred's

Fred's tallied $141.8 million in sales, representing an increase of 3% for the four weeks ended April 30, the retailer reported Thursday.

March 3, 2011

Improving weather, tax returns benefit Fred’s

Fred's on Thursday posted a 2% increase in sales totaling $153.6 million for the four weeks ended Feb. 26. Comparable-store sales for the month rose 0.9% versus an increase of 2% in the same period last year.

January 6, 2011

Fred's December sales strategy leads to 'modest' improvement

Fred's on Thursday posted a same-store sales lift of 0.2% for the five weeks ended Jan. 1, compared with an increase of 1.3% in the same period last year. Fred's total sales for the month increased 1% to $210.6 million.

November 30, 2010

November sales at Fred's exceed expectations

Total sales and comparable-store sales both rose during the month of November for Fred's, the chain announced Tuesday.

November 3, 2010

Fred's discloses Q3 earnings

Fred's on Wednesday reported $434.9 million in sales, up 3% for the third quarter ended...

September 1, 2010

Same-store sales jump 5% for Fred's

Fred’s on Wednesday posted sales of $134.3 million, representing an increase of 5%, for the...

May 25, 2010

Fred's Q1 earnings 'above guidance' despite net income loss

Despite posting a 4.2% loss in its net income for the quarter, Fred's was optimistic...