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
HQMemphis, US
Founded1947
Size (employees)4,832 (est)
Websitefredsinc.com
Fred's was founded in 1947 and is headquartered in Memphis, US
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Fred's Office Locations

Fred's has an office in Memphis
Memphis, US (HQ)
4300 New Getwell Rd
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Fred's Financials and Metrics

Fred's Revenue

Fred's's revenue was reported to be $1.81 b in FY, 2018
USD

Revenue (Q2, 2019)

419.7m

Gross profit (Q2, 2019)

100.5m

Gross profit margin (Q2, 2019), %

23.9%

Net income (Q2, 2019)

(32.3m)

EBIT (Q2, 2019)

(21.4m)

Market capitalization (15-Oct-2018)

95.4m

Closing stock price (15-Oct-2018)

2.6

Cash (4-Aug-2018)

5.8m
Fred's's current market capitalization is $95.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2017FY, 2018

Revenue

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

Revenue growth, %

2%9%

Cost of goods sold

1.5b1.6b1.6b1.3b

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

Inventories

362.0m315.7m340.7m331.8m279.2m

Current Assets

454.6m420.0m451.4m435.2m384.9m
Quarterly
USDQ3, 2013Q3, 2014Q2, 2014Q1, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019

Cash

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

Inventories

385.6m352.3m342.0m382.9m323.6m328.4m369.9m350.6m346.4m366.6m339.6m322.0m293.0m264.0m

Current Assets

492.9m463.5m440.6m475.0m441.1m455.1m484.6m460.0m453.1m474.6m456.4m420.6m392.7m346.1m

Goodwill

44.5m45.6m44.5m41.5m41.5m41.5m41.5m41.5m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2017FY, 2018

Net Income

26.0m(28.9m)(7.4m)(66.5m)(139.3m)

Depreciation and Amortization

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

Inventories

(15.0m)28.4m(31.0m)(13.8m)28.9m

Accounts Payable

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

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)

Depreciation and Amortization

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

Inventories

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

Accounts Payable

160.2m121.4m161.4m133.9m246.9m191.3m145.4m214.8m144.0m8.9m(8.2m)
USDY, 2018

Financial Leverage

3.9 x
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Fred's Operating Metrics

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

Customer Transactions

84 m82 m81 m

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
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Fred's Revenue Breakdown

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

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Fred's Online and Social Media Presence

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Fred's News and Updates

Fred's shares surge 60 percent on $165 million deal to sell some pharmacy files to Walgreens

Walgreens will purchase files and related pharmacy inventory of 185 Fred's stores across 10 Southeast states.

Fred's stock rockets after $165 million deal to sell pharmacy files to Walgreens

Fred's stock rockets after $165 million deal to sell pharmacy files to Walgreens

A dog adopted 9 ducklings after their mom disappeared, and it's impossibly cute

Fred, a 10-year-old labrador who lives at Mountfitchet Castle in England, has adopted an orphaned family of ducklings. The chicks were found wandering around by themselves after their mom vanished. Cute photos and video show the unlikely family hanging out together. The ducklings sleep in Fred's b…

A fake Black Hood is attacking people on 'Riverdale' and here are the best theories about him

Warning: Spoilers ahead for season two, episode 21 of "Riverdale," titled "Judgment Night." Fans now know the identity of the real Black Hood, but there's a fake guy using the mask to attack people on "Riverdale."  During Wednesday's episode of The CW drama, Hal Cooper confesses to being the Black …

Fred's Inc CEO Michael Bloom steps down

April 27 (Reuters) - Discount store operator Fred's Inc said on Friday its Chief Executive Officer Michael Bloom has resigned, effective April 24.
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Fred's Company Life and Culture

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