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For the 13 weeks ended 04 May 2019, Fred's, Inc. revenues decreased 5% to $319M. Net loss before extraordinary items increased 35% to $29.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Merchandise Margins -% decrease of 12% to 23.4%, Interest expense increase of 39% to $2.8M (expense), Impairment expense increase from $0K to $297K (expense).
Period Ending: | May 04, 2019 | Feb 02, 2019 | Nov 03, 2018 | Aug 04, 2018 |
---|---|---|---|---|
Total Revenue | 318.95 | 307.09 | 306.41 | 658.24 |
Gross Profit | 74.6 | 71.71 | 76.97 | 174.29 |
Operating Income | -26.79 | -65.03 | -28.67 | -35.85 |
Net Income | -33.94 | 68.73 | -27.38 | -54.31 |
Period Ending: | May 04, 2019 | Feb 02, 2019 | Nov 03, 2018 | Aug 04, 2018 |
---|---|---|---|---|
Total Assets | 474.77 | 409.02 | 479.07 | 501.73 |
Total Liabilities | 380.17 | 243.56 | 377.1 | 372.84 |
Total Equity | 94.61 | 165.47 | 101.97 | 128.89 |
Period Ending: | May 04, 2019 | Feb 02, 2019 | Nov 03, 2018 | Aug 04, 2018 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 0 Months |
Cash From Operating Activities | -18.56 | -109.22 | -47.47 | -31.35 |
Cash From Investing Activities | -1.35 | 208.67 | 33.59 | 35.41 |
Cash From Financing Activities | 21.75 | -100.67 | 13.49 | -4.85 |
Net Change in Cash | 1.83 | -1.22 | -0.39 | -0.79 |
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