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Fred's slides to multi-year low

Published 05/04/2018, 01:00 PM
© Reuters.  Fred's slides to multi-year low
FREDQ
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  • Shares of Fred's (NASDAQ:FRED) are down 5.74% after FQ4 results disappoint.
  • The retailer also updated that it's evaluating options for its retail pharmacy portfolio and pursuing a sale of the specialty pharmacy business.
  • Fred's management called the company's results over the last two years a disappointment.
  • Fred's traded at a multi-year low of $1.55 earlier.
  • Now read: Will Weak Guidance Sink Target?


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