Fred's March Comparable Store Sales Rise 1.9% - Quick Facts

(RTTNews) - Fred's Inc. (FRED) reported that Comparable store sales for the month of March 2015 increased 1.9% compared with a decrease of 1.2% in March of last year.

Fred's total sales for March increased 0.3% to $191.7 million from $191.0 million in March 2014. Fred's total sales for the prior year reflected the net closing of 62 locations in 2014 pursuant to the Company's reconfiguration plan. Excluding last year's March sales of $8.4 million from those closed locations, total sales increased 5% for the month.

Fred's total sales for the first two months of fiscal 2015 decreased 1% to $344.9 million compared with $348.5 million for the same period last year. Once again, excluding sales of $15.8 million from closed stores for the comparable two-month year-to-date period in 2014, total sales increased 4% for the same period in 2015. On a comparable store basis, year-to-date sales increased 0.9% versus a 1.7% decrease for the year-earlier period.