Fred's Oct. Comps. Down 1.4%, Total Sales Up 1.3% - Quick Facts

(RTTNews) - Fred's Inc (FRED), an operator of discount general merchandise stores, said its October total sales grew 1.3% to $145.3 million from $143.4 million in October 2013. Monthly comparable-store sales declined 1.4% versus an increase of 0.8% in the same period last year.

Total sales for the third quarter of 2014 were $476.1 million, up 3.4% from $460.5 million in the same period last year. Comparable-store sales for the quarter increased 0.3% on top of an increase of 1.4% in the prior-year quarter.

During the month, Fred's opened three Xpress locations and moved one Xpress into an existing full-service store, for a net increase of two locations.