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Fred's Posts 4Q Profit On Fewer Charges

Stock quotes in this article: FRED  

MEMPHIS, Tenn. (AP) — The retailer Fred's Inc. reported a profit Thursday for its fourth quarter, benefiting from fewer charges than a year ago.

The discount retailer and pharmacy chain, which is in the midst of a restructuring and recently named a new chief executive, also provided a first-quarter earnings outlook in range of analysts' estimates.

Fred's earned $2.3 million, or 6 cents per share, in the three months ended Jan. 31. That compares with a loss of $4.4 million, or 11 cents per share, a year earlier. ...

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