Francesca's (FRAN) Reports In-Line Q3 EPS; Guides FY14 Below Expectations

Francesca's (NASDAQ: FRAN) reported Q3 EPS of $0.17, in-line with the analyst estimate of $0.17. Revenue for the quarter came in at $87.1 million versus the consensus estimate of $87.4 million.

Comparable sales decreased 6%

Michael W. Barnes, Chairman, President, and CEO stated, "While the current financial performance is disappointing, I am optimistic about the future of the francesca's brand. After just one week with the Company, I am energized by what I believe to be a distinct business model with enormous potential. My first priority, upon evaluation of the entire business, will be to create a strong foundation for growth. With a highly diversified and differentiated merchandising strategy, a unique small boutique format and strong brand equity, I believe francesca's is positioned to become a leader in the specialty retail sector. I look forward to drawing from my background in branding and product as well as specialty retail, and working with the entire team in developing and implementing strategies that I believe will position us for long-term success."

Francesca's sees Q4 2014 EPS of $0.13-$0.19, versus the consensus of $0.27. Francesca's sees Q4 2014 revenue of $96-102 million, versus the consensus of $104.1 million.

Francesca's sees FY2014 EPS of $0.75-$0.81, versus the consensus of $0.89. Francesca's sees FY2014 revenue of $366-372 million, versus the consensus of $374.2 million.

For earnings history and earnings-related data on Francesca's (FRAN) click here.

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