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Fred’s meets high April expectations
Memphis -- Fred’s, Inc. reported a slight boost in total sales for the first three months of fiscal 2013 compared to the same period last year – an increase from $500.5 million to $501.4 million. However, comparable store sales during the period decreased 1.3%, compared to a 0.3% drop a year earlier.
Total sales for the four weeks ending May 4 rose 3% from $147.6 million to $152.2 million. Comparable store sales for the month increased 1.2% compared with a decline of 0.3% in the same period last year.
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Whole Foods Market Q2 profit surges 20%; raises forecast
Austin, Texas -- Whole Foods Market on Tuesday reported that its second-quarter net income rose to $142 million from $118 million a year earlier, beating analysts estimates. The chain also raised its full-year forecast.
Total sales in the quarter ended April 14 increased to $3.03 billion, from $2.67 billion.
Same-store sales rose 6.9%.