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Fred's Reports Fourth Quarter and Full Fiscal Year 2014 Results

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MEMPHIS, Tenn.--(BUSINESS WIRE)--Fred's, Inc. (NASDAQ: FRED) today reported financial results for the fourth quarter and year ended January 31, 2015. For the fourth quarter ended January 31, 2015, Fred's net loss totaled $8.2 million or ($0.22) per diluted share compared with net income of $4.0 million or $0.11 per diluted share in the year-earlier period. Adjusted net income (a non-GAAP financial measure) for the fourth quarter of 2014 was $0.7 million or $0.02 per diluted share, which exclude

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