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Profile - Fred's, Inc. (NasdaqNM:FRED)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug 24Price hit new 52-week high ($30.43)
Aug 21Conference call: Fred`s Earnings (Q2 2001)
Aug 21Earnings Announcement
Aug  4Fiscal quarter ended
Location
4300 New Getwell Road
Memphis, TN 38118
Phone: (901) 365-8880
Fax: (901) 365-8865
Email: dkizer@fredsinc.com
Employees (last reported count): 7,620
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Retail (Specialty)
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 73%
·Over the last 6 months:
 · 2 insider sells; 3,000  shares
·Institutional: 72% (268% of float)
(146 institutions)
·Net Inst. Buying: 77.0K shares (+0.70%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Fred's, Inc. operates 320 discount general merchandise stores in 11 states in the southeastern United States. Fred's stores generally serve low-, middle- and fixed-income families located in small to medium-sized towns (approximately 65% of Fred's stores are in markets with populations of 15,000 or fewer people), and 198 of its stores have full-service pharmacies. The Company also markets goods and services to 26 franchised Fred's stores. The Company's sales mix by major category during 2000 was Pharmaceuticals (32.7%), Household Goods (20.4%), Apparel and Linens (3.8%), Health and Beauty Aids (11.0%), Food and Tobacco Products (9.4%), Paper and Cleaning Supplies (8.3%) and Sales to Franchised Fred's Stores (4.4%). The sales mix varies from store-to-store, depending upon local consumer preferences and whether the stores include pharmacies and/or a full-line of apparel.
More from Market Guide: Expanded Business Description

Financial Summary
FRED is engaged in the sale of general merchandise through 320 discount stores in the southeastern U.S. FRED also sells general merchandise to its franchisees through its wholesale division, and operates full service pharmacies. For the 26 weeks ended 8/4/01, net sales increased 17% to $417.6 million. Net income rose 25% to $6.3 million. Revenues reflect increased comparable store sales and the addition of new stores. Earnings also reflect improved cost controls.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Michael Hayes, 59
CEO, Managing Director, Director
$183K
John Reier, 61
Pres, Director
190K
David Gardner, 53
Managing Director
120K
Jerry Shore, 48
Exec. VP, CFO
135K
John Casey, 54
Exec. VP of Store/Pharmacy Operations
110K
Dollar amounts are as of 29-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:FREDAs of 31-Aug-2001
Price and Volume
52-Week Low
on 14-Dec-2000
$13.60 
Recent Price$28.76 
52-Week High
on 24-Aug-2001
$30.43 
Beta0.89 
Daily Volume (3-month avg)121.3K
Daily Volume (10-day avg)166.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+44.5%
52-Week Change
relative to S&P500
+93.9%
Share-Related Items
Market Capitalization$438.4M
Shares Outstanding15.2M
Float4.10M
Dividends & Splits
Annual Dividend (indicated)$0.16 
Dividend Yield0.56%
Last Split: 5 for 4 on 19-June-2001
Per-Share Data
Book Value (mrq*)$10.97 
Earnings (ttm)$1.05 
Earnings (mrq)$0.14 
Sales (ttm)$54.96 
Cash (mrq*)$0.13 
Valuation Ratios
Price/Book (mrq*)2.62 
Price/Earnings (ttm)27.34 
Price/Sales (ttm)0.52 
Income Statements
Sales (ttm)$842.4M
EBITDA (ttm*)$43.9M
Income available to common (ttm)$16.1M
Profitability
Profit Margin (ttm)1.9%
Operating Margin (ttm)3.3%
Fiscal Year
Fiscal Year EndsFeb 3
Most recent quarter
(fully updated)
4-Aug-2001
Most recent quarter
(flash earnings)
31-July-2001
Management Effectiveness
Return on Assets (ttm)6.14%
Return on Equity (ttm)10.14%
Financial Strength
Current Ratio (mrq*)3.07 
Debt/Equity (mrq*)0.23 
Total Cash (mrq)$1.93M
Short Interest
As of 8-Aug-2001
Shares Short148.0K
Percent of Float3.6%
Shares Short
(Prior Month)
69.0K
Short Ratio1.54 
Daily Volume96.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-July-2001, except mrq*/ttm* items as of 4-Aug-2001)

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