Convenience Stores Mostly Struggled In Q3

Fred's, Inc. FRED reported its third-quarter earnings report on Thursday and was among the final retailers and convenience store operators to do so throughout earnings season.

Fred's, an operator of retail discount stores and full service pharmacies, said in its earnings report that it lost $0.27 per share on revenue of $516.645 million. The company's loss was worse than expected as analysts were expecting an $0.18 per share loss. On the other hand, revenue of $516.645 million was better than the $514 million analysts were expecting although the company's comps were lower 3.8 percent.

Shares of Fred's are lower by more than 30 percent over the past year.

Here is a recap of how other convenience stores performed in the earnings report.

Casey's General Stores

Casey's General Stores Inc CASY reported its second-quarter results on December 7.

• EPS of $1.44 missed by $0.15 per share.
• Revenue of $1.92 billion missed by $0.02 billion.
• Revenue fell from $2.15 billion in the same quarter a year ago.
• Shares of Casey's are lower by nearly 3 percent over the past year.

Ollie's Bargain Outlet

On the other hand, Ollie's Bargain Outlet Holdings Inc OLLI was a standout in the quarter, as the retailer of brand name merchandise at discounted prices reported better-than-expected third-quarter results.

• EPS of $0.17 was three cents better than expected.
• Revenue of $202 million beat by $0.54 million.
• Net sales rose 15.7 percent year-over-year.
• Comparable store sales rose 1.8 percent.
• Shares of Ollie's are higher by more than 85 percent over the past year.

At Last Check

• Casey's shares were down 0.62 percent at $121.25.
• Fred's shares were down 3.51 percent at $10.46.
• Ollie's shares were down 2.08 percent at $30.60.