Fred's March Comparable Store Sales Flat

Fred's Inc. FRED today reported sales for the five-week fiscal month of March, which ended March 31, 2012. Fred's total sales for the month increased 3% to $194.0 million from $188.9 million in March 2011. Comparable store sales for the month were flat versus an increase of 0.7% in the same period last year. Fred's total sales for the first two months of fiscal 2012 increased 3% to $352.9 million compared with $342.6 million for the same period last year. On a comparable store basis, year-to-date sales decreased 0.4% versus a 0.7% increase for the year-earlier period.