Current Report Filing (8-k)
January 07 2016 - 4:45PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE
ACT OF 1934
Date of Report (Date of earliest event reported):
January 7, 2016
FRANCESCA’S HOLDINGS CORPORATION
(Exact Name of Registrant as Specified in
Its Charter)
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Delaware |
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001-35239 |
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(State or Other Jurisdiction of Incorporation) |
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20-8874704 |
(Commission File Number) |
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(I.R.S. Employer Identification No.) |
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8760 Clay Road,
Houston, Texas |
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77080 |
(Address of Principal Executive Offices) |
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(Zip Code) |
(713) 864-1358
(Registrant’s Telephone Number, Including
Area Code)
(Former Name or Former Address, if Changed
Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure.
On January 7, 2016,
Francesca’s Holdings Corporation (the “Company”) issued a press release announcing an update to its guidance
for the fourth quarter ending January 30, 2016. A copy of the press release is furnished as Exhibit 99.1 to this report. This information
shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not
incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general
incorporation language in such filing.
Item 9.01. Financial
Statements and Exhibits.
99.1 |
Press Release issued by Francesca’s Holdings Corporation on January 7, 2016. |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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FRANCESCA’S HOLDINGS CORPORATION |
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Date: January 7, 2016 |
By: |
/s/ Kal Malik |
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Kal Malik |
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Chief Administrative Officer |
EXHIBIT
INDEX
Exhibit No. |
Description |
99.1 |
Press Release issued by Francesca’s Holdings Corporation on January 7, 2016. |
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Exhibit 99.1
francesca’s® Raises Fourth
Quarter 2015 Guidance Based on Strong Holiday Results
Announces Participation
at the 18th Annual ICR Conference
HOUSTON, TEXAS – January 7, 2016 –
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.
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.
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, as amended. Such forward-looking statements reflect our 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.
These risks and uncertainties include, but are not limited to, the following: the risk that we cannot anticipate, identify and
respond quickly to changing fashion trends and customer preferences; our ability to attract a sufficient number of customers to
our boutiques or sell sufficient quantities of our merchandise through our direct-to-consumer business; our ability to successfully
open and operate new boutiques each year; our ability to efficiently source and distribute additional merchandise quantities necessary
to support our growth and; our ability to hire and integrate a new Chief Financial Officer. For additional information regarding
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 for the year ended January 31, 2015 filed
with the Securities and Exchange Commission on March 27, 2015 and any risk factors contained in subsequent quarterly and annual
reports we file with the SEC. 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 which operates a nationwide-chain of boutiques providing customers a unique, fun and differentiated shopping experience.
The merchandise assortment is a diverse and balanced mix of apparel, jewelry, accessories and gifts. Today francesca's® operates
622 boutiques in 47 states and the District of Columbia and also serves its customers through francescas.com.
For additional information on francesca's®, please visit www.francescas.com.
CONTACT: |
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ICR, Inc. |
Company |
Jean Fontana |
Kate Venturina |
646-277-1214 |
832-494-2233 |
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kate.venturina@francescas.com /
IR@francescas.com |
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