Francesca's (FRAN) reports Q2 Loss of $5.80/sh, to review strategic alternatives
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francesca’s® Reports Second Quarter Fiscal Year 2020 Financial Results and Announces Exploration of Strategic Alternatives
September 15, 2020 7:30 AM EDTHOUSTON, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Francescas Holdings Corporation (Nasdaq: FRAN) today reports financial results for the second quarter ended August 1, 2020 and announced exploration of strategic initiatives. Â
Second Quarter Highlights:
Net sales decreased 29% to $75.7 millionComparable sales decreased 5% (1)Diluted loss per share was $5.80 compared to diluted earnings per share of $0.61 in the same period last yearContinued to take aggressive and prudent actions to reduce expense and manage cash flowsReduced clearance inventory by 45% compared to the same period last year(1) Comparable sales for... More
