Francesca's Holdings (FRAN) Raises Q4 Outlook Slightly
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Francesca's Holdings Corporation (NASDAQ: FRAN) raised its fourth quarter guidance.
The Company now expects sales to be between $84.5 million and $85.0 million, representing an increase of 37% to 38% over the prior year quarter. This outlook is based on an estimated 7% to 8% comparable boutique sales increase over the prior year quarter, following a 14.7% increase in the same period last year. Net income for the quarter is expected to be in the range of $13.0 million to $ 13.5 million or $0.29 to $0.30 per diluted share, representing an increase of 45% to 50% over the fourth quarter of the prior year's adjusted $0.20 per diluted share, which excluded $0.4M after tax secondary equity offering costs, or $0.01 per diluted share.
***The sales consensus is $84.32 million and the EPS consensus is $0.28.
Neill Davis, chief executive officer, commented, "We are pleased with our holiday selling season. Our increased fourth quarter guidance reflects positive customer response to francesca's® broad and shallow merchandising strategy and small format, differentiated boutique experience. We are well positioned to deliver our growth objectives as we continue to execute our merchandising model, expand our boutique base, and further develop our e-commerce strategy."
The Company now expects sales to be between $84.5 million and $85.0 million, representing an increase of 37% to 38% over the prior year quarter. This outlook is based on an estimated 7% to 8% comparable boutique sales increase over the prior year quarter, following a 14.7% increase in the same period last year. Net income for the quarter is expected to be in the range of $13.0 million to $ 13.5 million or $0.29 to $0.30 per diluted share, representing an increase of 45% to 50% over the fourth quarter of the prior year's adjusted $0.20 per diluted share, which excluded $0.4M after tax secondary equity offering costs, or $0.01 per diluted share.
***The sales consensus is $84.32 million and the EPS consensus is $0.28.
Neill Davis, chief executive officer, commented, "We are pleased with our holiday selling season. Our increased fourth quarter guidance reflects positive customer response to francesca's® broad and shallow merchandising strategy and small format, differentiated boutique experience. We are well positioned to deliver our growth objectives as we continue to execute our merchandising model, expand our boutique base, and further develop our e-commerce strategy."
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