FRED'S INC
			Symbol			FRED

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Fred's Reports October Sales

2009-11-05 07:45 ET - News Release

Company Website: http://www.fredsinc.com
MEMPHIS, Tenn. -- (Business Wire)

Fred's Inc. (NASDAQ:FRED) today reported sales for the four-week fiscal month, third quarter, and nine-month year-to-date period ended October 31, 2009.

Fred's total sales for the month declined slightly to $128.1 million from $128.4 million in October 2008. Comparable store sales for the month rose 0.4% versus an increase of 1.3% in the same period last year.

Total sales for the third quarter of 2009 were $422.7 million, up 1% from $418.1 million in the same period last year. Comparable store sales for the quarter increased 1.0% compared with a 1.4% increase in the third quarter last year.

Fred's total sales for the year-to-date period decreased 1% to $1.315 billion compared with $1.329 billion for the same period last year. Excluding stores closed, total sales from ongoing stores increased 1% in the first nine months of 2009 versus the year-earlier period. On a comparable store basis, year-to-date sales increased 0.8% compared with 2.9% in the same period last year.

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