Fred's, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended February 2, 2019; Reports Impairment of Assets for the Fourth Quarter Ended on February 3, 2019
For the year, the company net sales of $1,271,746,000 compared to $1,395,845,000 a year ago. Net loss was $12,967,000 compared to $150,185,000 a year ago. Net loss per share from continuing, basic and diluted was $3.76 compared to $3.87 a year ago.
For the quarter, the company reported impairment of asset of $31,737,000 compared to $2,489,000 a year ago.