Francesca's Holdings (FRAN) PT Lowered to $2.50 at B.Riley/FBR

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francesca’s® Provides Preliminary Estimated Third Quarter Fiscal Year 2018 Financial Results

November 26, 2018 4:01 PM EST

HOUSTON, Nov. 26, 2018 (GLOBE NEWSWIRE) -- Francescas Holdings Corporation (Nasdaq: FRAN) today provided preliminary estimated financial results for the third quarter ended November 3, 2018.  Actual fiscal third quarter results will be reported before the market opens on December 11, 2018 followed by a conference call at 8:30 a.m. ET.  

The Company is providing preliminary estimated results, or range of results, as boutique traffic declines persisted throughout the third quarter. 

Net sales have decreased 10% to $95 million from $106 million in the third quarter last year, reflecting a comparable sales decrease of 14% primarily resulting from traffic declines in the... More