Francesca's (FRAN) Boosts Q4 Outlook

Francesca's Holdings Corporation (Nasdaq: FRAN) today announced that the Company has updated its guidance for the fourth quarter ending January 30, 2016 based on its holiday period sales performance and current expectations for the remainder of the quarter.

The Company now expects net sales for the fourth quarter ending January 30, 2016 to be between $130.0 million and $133.0 million, including an expected high-single digit increase in comparable sales. This compares to the previous guidance of net sales between $127.0 million and $130.0 million, including an expected mid-single digit increase in comparable sales. Diluted earnings per share for the quarter are now expected to be in the range of $0.32 to $0.34 compared to the Company’s previous guidance range of $0.31 to $0.33.

**** The Street was looking for Q4 revenue of $129 million and EPS of $0.32.

Mike Barnes, Chairman, President, and Chief Executive Officer commented, “We saw ongoing momentum in our business throughout the holiday selling season as our customers responded favorably to the fresh, innovative and on-target merchandise offerings in all channels; including, main-line boutiques, outlets and our direct-to-consumer business. I believe these results are a direct function of the merchandise enhancements, the disciplined inventory management, and elevated boutique experience. As we enter fiscal 2016, we believe we are well-positioned to deliver healthy sales and earnings growth as we continue to improve and execute the ‘francesca’s Vision 2020’ strategic plan. The entire management team is very excited about the opportunities ahead of us.”

ICR Conference

The Company will be presenting at the 18th Annual ICR Conference to be held at the JW Marriott Orlando Grande Lakes in Orlando, Florida on Wednesday, January 13, 2016 at 9:00 am ET. Mr. Barnes and Ms. Cindy Thomassee, Interim Chief Financial Officer, will host the presentation.

The presentation will be webcast live at www.francescas.com under the Investor Relations section. An archived replay will be available two hours after the conclusion of the live event and will remain on the website for ninety days.

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