Fred's February Comparable Store Sales Down 0.7% YoY

Fred's Inc. FRED today reported sales for the four-week fiscal month of February, the first month of fiscal 2012, which ended February 25, 2012. Fred's total sales for the month increased 4% to $159.1 million from $153.6 million in February 2011. Comparable store sales for the month declined 0.7% compared with an increase of 0.9% in the same period last year.