FORM 10-Q/A
AMENDMENT NO. 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934.
For the quarterly period ended April 29, 1995.
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934.
For the transition period from to .
Commission file number 000-19288
FRED'S, INC.
(Exact name of registrant as specified in its charter)
Tennessee 62-0634010
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
4300 New Getwell Rd., Memphis, Tennessee 38118
(Address of principal executive offices) (zip code)
(901) 365-8880
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes X . No .
The registrant had 9,335,367 shares of common stock outstanding as
of April 29, 1995.
<PAGE>
Item 6. Exhibits and Reports on Form 8-K
Exhibits:
Exhibit 27 - Financial Data Schedule
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this amendment to be signed on
its behalf by the undersigned thereunto duly authorized.
FRED'S, INC.
/s/Michael J. Hayes
Michael J. Hayes
Date: August 10, 1995 Chief Executive Officer
/s/Bruce D. Smith
Bruce D. Smith
Date: August 10, 1995 Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AS OF APRIL 29, 1995 (UNAUDITED) AND CONSOLIDATED
STATEMENT OF INCOME FOR THE THREE MONTHS ENDED APRIL 29, 1995 (UNAUDITED) AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> FEB-03-1996
<PERIOD-END> APR-29-1995
<CASH> 3,703,000
<SECURITIES> 0
<RECEIVABLES> 5,299,000
<ALLOWANCES> 0
<INVENTORY> 87,950,000
<CURRENT-ASSETS> 99,148,000
<PP&E> 50,649,000
<DEPRECIATION> 0
<TOTAL-ASSETS> 157,050,000
<CURRENT-LIABILITIES> 36,507,000
<BONDS> 2,566,000
<COMMON> 63,458,000
0
0
<OTHER-SE> 116,247,000
<TOTAL-LIABILITY-AND-EQUITY> 157,050,000
<SALES> 97,050,000
<TOTAL-REVENUES> 97,050,000
<CGS> 71,512,000
<TOTAL-COSTS> 71,512,000
<OTHER-EXPENSES> 21,852,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 118,000
<INCOME-PRETAX> 3,568,000
<INCOME-TAX> 1,313,000
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,255,000
<EPS-PRIMARY> .24
<EPS-DILUTED> .24
</TABLE>
