) reported total sales and comparable sales for January 2012,
both of which increased from the comparable period in the prior
Comparable store sales for the month climbed 28.6% including
the extra week in 2013. Excluding the effect of the extra week,
same store sales were flat in January compared to a decrease of
0.8% in the year-ago period. The improving results were
attributed to initiatives in tobacco and to drive higher ticker
amounts, which were helped by pharmacy script growth.
Total sales for Jan 2013 climbed 31% from the prior year to
$173.6 million. Excluding the extra week, total sales climbed 2%
in Jan 2013. Successful completion of the company's layaway sales
program and script improvement in the pharmacy department drove
the sales improvement.
The company opened two new stores and closed one store and an
Xpress pharmacy during the month.
Fourth Quarter Sales
Total sales for the fourth quarter increased 7% to $533.5
million versus $497.7 million for the year-ago quarter; while
comparable store sales increased 4.8%. Excluding the effect of
the extra week, fourth quarter comparable store sales decreased
2.8% compared with an increase of 0.1% in the prior-year
However, with consumers regaining confidence, Jan 2013 was
strong for most retailers, including
Ross Stores Inc.
Costco Wholesale Corporation
) which registered comps growth of 8%, 4% and 4%,
A tough retail environment and declining comparable store
sales over the past several months remain a concern. Currently,
Fred's carries Zacks Rank #4 (Sell).
COSTCO WHOLE CP (COST): Free Stock Analysis
FREDS INC (FRED): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
ROSS STORES (ROST): Free Stock Analysis
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