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Campbell looks mmm mmm good in Q4
Campbell made solid progress in fiscal 2013 as the company executed its dual mandate to strengthen core business and expand into higher-growth spaces. Its full-year sales and adjusted EBIT growth were consistent with its fiscal 2013 guidance, and its EPS growth exceeded expectations.
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Fred’s Q2 tops Street
Memphis, Tenn. -- Fred's Inc.’s fiscal second-quarter net income fell to $3.3 million from $6.1 million because of a hefty tax benefit a year ago. The company’s adjusted results showed improved profitability, helped by increased customer traffic, higher traffic and lower costs.
The retailer cautioned, however, that its lower-income customers are still feeling economically pressured. Fred's said that it anticipates the operation environment will be challenging in the second half of the year.