Francesca's Holdings Corporation Raises Fourth Quarter Guidance on Holiday Sales and Margin Results
January 14 2013 - 7:00AM
Francesca's Holdings Corporation (Nasdaq:FRAN) today announced that
the Company has raised its guidance for the fourth quarter ending
February 2, 2013 based on its holiday period sales and margin
performance.
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.
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 management will be presenting at the 15th Annual ICR
XChange Conference to be held at the Fontainebleau Hotel in Miami
Beach, Florida on Thursday, January 17, 2013 at 10:40 AM Eastern
Standard Time. The audio portion of the presentation will be
webcast live in the investor relations section of the Company's
website, www.francescas.com. An archived replay will be available
two hours after the conclusion of the live event.
Forward-Looking Statements
Certain statements in this release are "forward-looking
statements" made pursuant to the safe-harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements reflect the Company's current
expectations or beliefs concerning future events and are subject to
various risks and uncertainties that may cause actual results to
differ materially from those that we expected. For a discussion of
these and other risks and uncertainties that could cause actual
results to differ materially from those contained in our
forward-looking statements, please refer to "Risk Factors" in our
Annual Report on Form 10-K and our most recent Quarterly Report on
Form 10-Q filed with the Securities and Exchange Commission on
March 21, 2012 and December 7, 2012, respectively. We undertake no
obligation to publicly update or revise any forward-looking
statement.
The Company may not issue future press releases discussing sales
trends such as this one other than associated with routine
quarterly and annual financial reporting
About Francesca's Holdings Corporation
francesca's® is a growing specialty retailer with retail
locations designed and merchandised to feel like independently
owned, upscale boutiques providing customers a fun and
differentiated shopping experience. The merchandise assortment is a
diverse and balanced mix of apparel, jewelry, accessories and
gifts. francesca's® appeals to the 18-35 year-old, fashion
conscious, female customers, although the Company finds that women
of all ages are attracted to the eclectic and sophisticated
merchandise selection and boutique setting. francesca's® boutiques
carry a broad selection but limited quantities of individual styles
and new merchandise is introduced five days a week. For additional
information on francesca's®, please visit www.francescas.com
The Francesca's Collections logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15831
CONTACT: francesca's(R)
ICR, Inc.
Jean Fontana
203-682-8200
jean.fontana@icrinc.com
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