Key Developments: Francesca's Holdings Corp (FRAN.OQ)

FRAN.OQ on NASDAQ Stock Exchange Global Select Market

13.66USD
21 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Francesca's Holdings Corp gives Q2 2014 guidance below analysts' estimates; Lowers FY 2014 guidance; comments on Q2 FY 2014 comparable sales guidance
Tuesday, 10 Jun 2014 07:30am EDT 

Francesca's Holdings Corp:Sees Q2 2014, net sales are expected to be between $98 million and $103 million.Sees Q2 2014 assuming a mid to low single digit decrease in comparable sales, including direct-to-consumer business.Sees Q2 2014 diluted earnings per share are expected to be in the range of $0.24 to $0.29.Sees FY 2014, net sales to be in the range of $387 million to $399 million.Sees FY 2014 low single digit decrease to flat change in comparable sales, including direct-to-consumer business.Sees FY 2014 diluted earnings per share are now expected to be in the range of $1.05 to $1.17.Q2 2014 revenue of $104 mln, EPS of $0.36 - Thomson Reuters I/B/E/S.FY 2014 revenue of $405 mln, EPS of $1.25 - Thomson Reuters I/B/E/S.  Full Article

Francesca's Holdings Corp gives Q1 2014 outlook below analysts' estimates; gives FY 2014 outlook in line with analysts' estimates; gives Q1, FY 2014 comparable sales outlook
Wednesday, 26 Mar 2014 07:30am EDT 

Francesca's Holdings Corp:Expects Q1 2014 net sales to be between $85-$90 mln assuming a high to low single digit decrease in comparable sales.Expects Q1 2014 diluted earnings per share to be in the range of $0.20 to $0.24.Expects FY 2014 net sales to be in the range of $391-$409 mln assuming a low single digit decrease to a low single digit increase in comparable sales, including direct-to-consumer business.Expects FY 2014 diluted earnings per share to be in the range of $1.16 to $1.31.Q1 2014 revenue of $92 mln, EPS of $0.28 - Thomson Reuters I/B/E/S.FY 2014 revenue of $405 mln, EPS of $1.25 - Thomson Reuters I/B/E/S.  Full Article

Francesca's Holdings Corp announces management changes
Monday, 27 Jan 2014 09:00am EST 

Francesca's Holdings Corp:Says Theresa Backes, President and Chief Operating Officer will be leaving the company effective Jan. 27.Says the board of directors appointed Neill P. Davis, francesca's current Chief Executive Officer, to the additional title of President, effective as of Jan. 27.  Full Article

Francesca's Holdings Corp lowers Q4 2013 revenue guidance; raises low end of prior Q4 2013 EPS guidance; updates Q4 2013 comparable sales guidance
Friday, 10 Jan 2014 07:33am EST 

Francesca's Holdings Corp:Says it has updated Q4 2013 guidance.Sees Q4 2013 sales to be between $93.0 million and $95.0 million.Sees mid to low single digit decrease Q4 2013 in comparable sales.Sees Q4 2013 earnings per diluted share to be in the range of $0.27 to $0.29.Q4 2013 revenues of $93.0 million and EPS of $0.27 - Thomson Reuters I/B/E/S Estimates.  Full Article

Francesca's Holdings Corp lowers FY 2013 guidance; issues Q4 2013 guidance below analysts' estimates; comments on Q4 2013 comparable sales guidance
Thursday, 5 Dec 2013 07:00am EST 

Francesca's Holdings Corp:Sees for Q4 2013, net sales are expected to be between $90.0 million and $95.0 million.Sees for Q4 2013 assuming a -8% to -3% change in comparable sales including the company's direct to consumer business.Sees for Q4 2013 earnings per diluted share are expected to be in the range of $0.25 to $0.29.Sees FY 2013 net sales are expected to be in the range of $338.2 million to $343.2 million.Sees FY 2013 assuming a -3% to -1% decrease in comparable sales including the company's direct to consumer business.Sees FY 2013 adjusted diluted earnings per share are expected to be in the range of $1.03 to $1.07.For Q4 2013 revenues of $98 million and EPS of $0.34 - Thomson reuters I/B/E/S Estimates.For FY 2013 revenues of $346 million and EPS of $1.13 - Thomson reuters I/B/E/S Estimates.  Full Article

Francesca's Holdings Corp Reaffirms Q3 2013 Guidance; Reaffirms Q3 2013 Comparable Same Store Sales Guidance-Conference Call
Tuesday, 1 Oct 2013 03:11pm EDT 

Francesca's Holdings Corp announced that for the third quarter of 2013, the Company expects sales of just $78 to $80 million, and said it expected comparable sales to decline by 2%-5%. Further, Francesca's Holdings revised its guidance for the profit the Company expected to earn in the third quarter of 2013 from $.30 per share to just $.19-$.21 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $79.46 million and EPS of $0.20 for the third quarter of 2013.  Full Article

Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Francesca's Holdings Corp
Friday, 27 Sep 2013 03:47pm EDT 

Robbins Geller Rudman & Dowd LLP announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Francesca's Holdings Corp common stock during the period between March 20, 2013 and September 3, 2013. Complaint alleges that during the Class Period, defendants failed to disclose: that unseasonably rainy and cold spring and summer weather had diminished the mall traffic Francesca`s relied upon to drive same-store sales growth; that a competitive back-to-school retail environment weighed on same-store sales growth; that same-store sales were declining, forcing Francesca`s to rely upon new store openings to increase sales; that Francesca`s had been forced to engage in promotional selling at significant discounts during its first quarter 2013 in order to meet its financial targets; that Francesca`s had been forced to increase promotional activity during the second quarter of 2013; that Francesca`s concealed the impact sales terms and margins with its suppliers would have on its ability to maintain above-average profit margins; and that, as a result, the Company was not on track to achieve the financial results defendants had led the market to expect during the Class Period. As a result of defendants` false and misleading statements during the Class Period, certain company insiders were able to sell hundreds of millions of dollars of Francesca`s stock at artificially inflated prices.  Full Article

Holzer Holzer & Fistel, LLC Announces Investigation Into Francesca's Holdings Corp
Tuesday, 17 Sep 2013 10:25am EDT 

Holzer Holzer & Fistel, LLC announced that it is investigating whether Francesca's Holdings Corp and/or certain of its officers complied with the federal securities laws when making statements to investors. Specifically, the investigation focuses on statements issued by Francesca`s between March 20, 2013 and September 3, 2013 concerning demand for its products and its business conditions, particularly with regard to same-store sales.  Full Article

Francesca's Holdings Corp Announces Share Repurchase Program
Wednesday, 4 Sep 2013 07:30am EDT 

Francesca's Holdings Corp announced that The Company's Board of Directors authorized a $100 million share repurchase program to commence immediately. This authorization has no expiration date. The specific timing and amount of the repurchases will be dependent on market conditions, securities law limitations and other factors. In connection with the repurchase program, the Company plans to conduct open market purchases, adopt one or more plans pursuant to the provisions of Rule 10b5-1, and such other strategies as would be appropriate under the circumstances, consistent with the Securities and Exchange Act of 1934.  Full Article

Francesca's Holdings Corp Issues Q3 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance; Comments On Q3, FY 2013 Comparable Same Store Sales Guidance
Wednesday, 4 Sep 2013 07:30am EDT 

Francesca's Holdings Corp announced that for third quarter of 2013, it expects net sales to be between $78.0 million and $80.0 million assuming a -5% to -2% decrease in comparable sales including direct-to-consumer, compared to the prior year comparable sales increase of 17% and the opening of 11 additional new boutiques, as compared with two boutiques opened in the third quarter of the prior year. Earnings per diluted share (EPS) are expected to be in the range of $0.19 to $0.21. For fiscal 2013, it expects net sales to be in the range of $343.0 million to $349.5 million assuming a -2% decrease to flat comparable sales including direct-to-consumer, compared to the prior year comparable sales increase of 16%, and the opening of 87 additional boutiques, as compared to 77 additional boutiques in fiscal 2012. Adjusted diluted EPS are expected to be in the range of $1.10 to $1.16 which excludes $0.6 million net of tax charge related to a secondary equity offering. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $89.7 million and EPS of $0.30 for the third quarter of 2013; revenue of $368.6 million and EPS of $1.29 for fiscal 2013.  Full Article

Apparel retailer Francesca's cuts forecast as it clears stock pile-up

- Women's apparel retailer Francesca's Holdings Corp cut its full-year forecast after reporting lower-than-expected quarterly profit and sales due to a harsh winter and increased discounts to clear off an inventory pile-up.

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