OverviewSuggest Edit

Fred’s Inc. and subsidiaries operate full-service pharmacy departments. The Company's stores offer a variety of services including prescription and over-the-counter medications, immunizations and healthcare products, in addition to everyday convenience items. This selection includes both national brands and Fred's proprietary brand of lab-tested products. Fred’s also owns and operates two additional chains, Getwell Drug & Dollar and Yazoo Trading Company. Getwell Drug & Dollar is a convenient pharmacy destination that offers an expanded over-the-counter medication selection, and individualized patient care. Yazoo Trading Company offers hardware, auto, and pet and animal supplies.

TypePublic
Founded1947
HQMemphis, US
Websitefredsinc.com
Employee Ratings2.4

Latest Updates

Employees (est.) (Feb 2019)2,642(-36%)
Revenue (FY, 2019)$1.3 B(-29%)
Share Price (Sep 2019)$0.1 (-4%)

Fred's Office Locations

Fred's has an office in Memphis
Memphis, US (HQ)
4300 New Getwell Rd
Show all (1)

Fred's Financials and Metrics

Fred's Revenue

Fred's's revenue was reported to be $1.27 b in FY, 2019
USD

Revenue (Q1, 2020)

319.0m

Gross profit (Q1, 2020)

74.6m

Gross profit margin (Q1, 2020), %

23.4%

Net income (Q1, 2020)

(33.9m)

EBIT (Q1, 2020)

(26.8m)

Market capitalization (17-Sep-2019)

4.5m

Closing stock price (17-Sep-2019)

0.1

Cash (4-May-2019)

7.2m

EV

92.3m
Fred's's current market capitalization is $4.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2017FY, 2018FY, 2019

Revenue

1.9b2.0b2.2b2.1b1.8b1.3b

Revenue growth, %

2%9%

Cost of goods sold

1.5b1.6b1.6b1.3b948.8m

Gross profit

503.8m544.2m510.3m459.1m323.0m
Quarterly
USDQ3, 2013Q3, 2014Q2, 2014Q1, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

460.5m476.2m491.2m498.3m546.1m509.0m541.0m549.5m529.5m516.6m532.3m507.8m437.1m419.7m306.4m319.0m

Cost of goods sold

320.3m352.7m377.5m355.8m414.2m372.0m398.7m408.2m401.4m405.4m399.4m381.8m325.5m319.2m229.4m244.4m

Gross profit

140.2m123.5m113.7m142.5m131.9m137.1m142.3m141.3m128.1m111.2m132.9m126.0m111.6m100.5m77.0m74.6m

Gross profit Margin, %

30%26%23%29%24%27%26%26%24%22%25%25%26%24%25%23%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2017FY, 2018FY, 2019

Cash

6.7m6.4m5.9m5.8m6.6m5.4m

Accounts Receivable

37.7m23.0m

Prepaid Expenses

10.1m10.1m

Inventories

362.0m315.7m340.7m331.8m279.2m246.5m
Quarterly
USDQ3, 2013Q3, 2014Q2, 2014Q1, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

21.6m7.6m8.1m8.2m7.0m7.1m6.6m6.8m6.2m5.7m6.6m5.7m6.1m5.8m6.2m7.2m

Accounts Receivable

34.1m36.1m38.3m23.2m

Prepaid Expenses

9.9m11.0m10.0m6.9m

Inventories

385.6m352.3m342.0m382.9m323.6m328.4m369.9m350.6m346.4m366.6m339.6m322.0m293.0m264.0m236.1m221.5m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2017FY, 2018FY, 2019

Net Income

26.0m(28.9m)(7.4m)(66.5m)(137.2m)

Depreciation and Amortization

41.0m41.1m45.7m47.0m42.6m31.3m

Inventories

(15.0m)28.4m(31.0m)(13.8m)28.9m17.5m

Accounts Payable

11.2m15.6m29.2m(29.8m)5.1m(41.7m)
Quarterly
USDQ3, 2013Q3, 2014Q2, 2014Q1, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

7.3m(10.4m)(16.4m)6.1m(4.9m)(29.0k)1.4m1.3m(6.9m)(38.4m)(36.5m)(19.9m)(42.8m)(69.9m)(29.5m)

Depreciation and Amortization

10.6m10.3m10.2m9.8m11.5m10.9m11.4m11.6m11.8m12.0m11.6m10.0m19.8m24.0m5.1m

Inventories

352.3m342.0m323.6m328.4m369.9m350.6m346.4m366.6m339.6m(13.3m)15.0m25.1m26.6m

Accounts Payable

160.2m121.4m161.4m133.9m246.9m191.3m145.4m214.8m144.0m8.9m(8.2m)(22.4m)24.6m
USDY, 2019

EV/EBIT

-3.4 x

EV/CFO

-6.5 x

Debt/Equity

1 x

Debt/Assets

0.2 x

Financial Leverage

5 x
Show all financial metrics

Fred's Operating Metrics

FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

Pharmacies

370 375 376 374 372 373 372 370 362 351

Product Lines

12 k12 k12 k

Stores (Franchising)

19 19 19 19 18 18 18 18 16 14

Stores (US)

641 662 662 658 641 660 651 648 628 601
Show all operating metrics

Fred's Revenue Breakdown

Embed Graph

Fred's revenue breakdown by business segment: 22.9% from Household Goods and Softlines, 51.4% from Pharmacy, 24.5% from Consumables and 1.2% from Other

Fred's Online and Social Media Presence

Embed Graph

Fred's News and Updates

Fred's Inc. Taps SB360 As Exclusive Consultant To Conduct Store Closing Sales In The Last Remaining 81 Fred's Stores

BOSTON, Sept. 11, 2019 /PRNewswire/ -- Fred's Inc., a discount value retailer, has once again tapped SB360 Capital Partners as their exclusive consultant to conduct Store Closing Sales in all 81 remaining Fred's locations. SB360 Capital Partners (www.sb360.com), one of North America's...

UPDATE 1-Discount retailer Fred's files for Chapter 11 protection; shares dive

Fred's Inc said on Monday it has filed for Chapter 11 bankruptcy protection, months after the pharmacy and discount retailer began shuttering hundreds of unprofitable stores in the United States, sending its shares down 44% before the bell.

Fred's files for voluntary chapter 11

Fred's Inc. shares tanked more than 44% in Monday premarket trading after the struggling retailer said it voluntarily filed for bankruptcy. Fred's, which has stores throughout the southeastern U.S. and launched in 1947, has also filed a motion with U.S. Bankruptcy Court to enter into a $35 million …

Discount retailer Fred's files for Chapter 11 bankruptcy protection

Fred's Inc said on Monday it filed for Chapter 11 bankruptcy protection, the latest retailer to succumb to pressure from the growing popularity of online shopping and rapidly changing consumer tastes.

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Announces the Filing of Securities Class Action Lawsuit Against Fred's, Inc.; Encourages Investors with Losses in Excess of $100K to Contact the Firm - FRED

NEW YORK, July 18, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Fred's, Inc. (NASDAQ: FRED) between December 20, 2016 and June 28, 2017 (the "Class Period"). The lawsuit...

Fred's to close another 129 retail stores

Fred's Inc. said Friday it was closing an additional 129 retail stores across 13 states, which will leave the Memphis-based discount retailer with 80 stores. The additional closures comes after the company announced the closing of more than 300 stores over the past few months. As of Feb. 2, the com…
Show more

Fred's Frequently Asked Questions

  • When was Fred's founded?

    Fred's was founded in 1947.

  • How many employees does Fred's have?

    Fred's has 2,642 employees.

  • What is Fred's revenue?

    Latest Fred's annual revenue is $1.3 b.

  • What is Fred's revenue per employee?

    Latest Fred's revenue per employee is $481.4 k.

  • Who are Fred's competitors?

    Competitors of Fred's include Farmigo, Safeway and Save Mart Supermarkets.

  • Where is Fred's headquarters?

    Fred's headquarters is located at 4300 New Getwell Rd, Memphis.

  • Where are Fred's offices?

    Fred's has an office in Memphis.

  • How many offices does Fred's have?

    Fred's has 1 office.