Francesca's Holdings Corp.NASDAQ
Francesca's Holdings: Under The Masks - Problems Then, Now And Ahead
Jenks Jumps • 19 Comments
Jenks Jumps • 19 Comments
Tue, Dec. 6, 12:50 PM
Tue, Dec. 6, 8:19 AM
- Francesca's (NASDAQ:FRAN) reports comparable-store sales rose 7% in Q3 driven by an increase in the number of transactions both at boutiques and on-line as well as the addition of 50 net new boutiques Y/Y.
- Ecommerce comparable sales grew 47% to $5.7M.
- Merchandise category sales: Apparel: $63.93M (+18%); Jewelry: $26.14M (+23%); Accessories: $17.43M (+2%); Gifts: $11.64M (+7%).
- Gross margin rate improved 160 bps to 48.2%.
- SG&A expense rate down 90 bps to 35%.
- Operating margin rate expanded 250 bps to 13.2%.
- Inventory -2.5% Y/Y to $42.77M.
- Boutique count +50 Y/Y to 669.
- Q4 Guidance: Net sales: $143M to $148M; Comparable-store sales: low-single digit decrease to low-single digit increase; EPS: $0.33 to $0.37.
- FY2016 Guidance: Net sales: $484M to $489M; Comparable-store sales: low-single digit decrease; EPS: $1.03 to $1.07; Shares outstanding: 38.6M; Tax rate: 37.9%; Capital expenditure: $25M to $28M; New boutiques: 64.
Tue, Dec. 6, 7:31 AM
Mon, Dec. 5, 5:30 PM
Tue, Nov. 15, 7:16 AM
Fri, Oct. 7, 10:20 AM
- Gap (NYSE:GPS) roars out of the gate with a 15% pop after reporting on September sales.
- The company topped estimates for a -3.6% decline with a -3% performance and noted an improvement in merchandise margins.
- Deutsche Bank took off its Sell rating on Gap, moving to Hold with a price target of $24.
- Potential positive factors for Gap that some are touting are that its upcoming comparisons will be somewhat easy to match and consumer spending may be freed up after the election fixation/anxiety is over.
- Those two considerations could apply across the sector if you buy into them.
- Apparel store names riding Gap's coattails today include Abercrombie & Fitch (ANF +3.1%), Francesca's (FRAN +3.6%), Boot Barn (BOOT +3%), Ascena Retail (ASNA +2.4%), Chico's (FAS -0.1%), Urban Outfitters (URBN +2.6%), Buckle (BKE +0.8%), DSW (DSW +2.2%).
- Previously: Gap higher after underlying monthly sales results top estimates (Oct. 6)
Wed, Oct. 5, 11:11 AM
- A number of chain store stocks are tracking higher after a number of positive economic reads came in this week. The rally is somewhat limited to apparel store names and specialty retailers.
- Traders may be looking at data from ISM that indicated a solid jump in services sector activity.
- Also yesterday, Redbook reported the first +1% increase in chain store sales since May and the National Retail Federation forecast a solid 3.6% gain in holiday sales.
- Leading sector gainers include Ascena Retail Group (ASNA +7.1%), Chico's FAS (CHS +3.4%), Gap (GPS +3.4%), Abercrombie & Fitch (ANF +2.2%), Stage Stores (SSI +3.6%), Boot Barn (BOOT +0.8%), Express (EXPR +2.1%), and Francesca's (FRAN +2%), Pier 1 Imports (PIR +6%), The Container Store (TCS +4.9%), Restoration Hardware (RH +2.1%), and Signet Jewelers (SIG +3.6%).
Tue, Sep. 27, 8:01 AM
Wed, Sep. 21, 1:51 PM
- Steven P. Lawrence to be appointed as President and CEO of Francesca's Holdings FRAN in October 2016.
- Richard Kunes, serving as the Interim Chairman, President and CEO since May 2016, will become the Chairman of the Board.
- Mr. Lawrence currently serves as the Chief Merchandising Officer for Stage Stores.
Fri, Sep. 9, 9:27 AM
- A survey from William Blair indicates that teenagers and young adults have increased their visits to malls this year to reverse a multi-year trend.
- In what may come as a surprise, teens ranked malls above movie theaters, restaurants, and sports clubs/extracurriculars as their most popular place to meet.
- Despite the depressed levels of overall sales this year for mall retailers, the read on teens could be a possible indicator that the mall model will evolve and survive, instead of disappear.
- "While overall mall traffic remains challenging, our survey this year noted a material increase in the number of respondents who indicated they are visiting malls more often than last year, perhaps suggesting that malls’ efforts to increase relevancy (through more experiential brands and the addition of attractive entertainment and dining options) are beginning to bear fruit," says Bernstein analyst Sharon Zackfia.
- Mall retailers: AEO, ANF, ASNA, BKE, BOOT, CATO, CBK, CHS, CTRN, DSW, EXPR, FRAN, GCO, GES, GPS, LB, NWY, PLCE, SCVL, SMRT, SSI, TLYS, URBN, LULU.
Wed, Sep. 7, 9:21 AM
- Francesca's (NASDAQ:FRAN) pops in early trading after a Q2 performance which came in ahead of some beaten-down expectations.
- The retailer reported a flat comp even with e-commerce sales up 37% Y/Y, while a shift in sales mix led to a 30 bps drop in merchandise margin.
- "As we enter the third quarter, we are pleased with initial results as we successfully executed our targeted back-to-school programs."
- The company raises Q3 EPS guidance to a range of $0.96 to $1.03.
- FRAN +13.01% premarket to $15.81. That makes SA contributor Josh Arnold's bullish call on Francesca's in June a +40% winner.
- Previously: Francesca's beats by $0.09, beats on revenue (Sept. 7)
Wed, Sep. 7, 9:17 AM
Wed, Sep. 7, 7:31 AM
Tue, Sep. 6, 5:30 PM
Tue, Aug. 30, 12:53 PM
- A warning from Abercrombie & Fitch (ANF -20.6%) on second-half comparable sales is resonating across the jittery apparel store sector, along with weak reports from DSW (DSW -10.3%) and Christopher & Banks (CBK -19.7%).
- Ascena Retail Group (ASNA -6.6%), Stage Stores (SSI -5.1%), Guess (GES -3.8%), Chico's FAS (CHS -3%), and Francesca's (FRAN -2.8%) are all notably lower after the gloomy sector updates.
- Previously: Abercrombie & Fitch falls hard after weak outlook (Aug. 30)
- Previously: Sales fall short at Christopher & Banks (Aug. 30)
- Previously: DSW sets in-line profit guidance (Aug. 30)
Tue, Aug. 16, 10:26 AM
- The RetailMeNot Promotions Index will measure the average retail promotions level from the top 500 U.S. retailers across 19 different categories.
- The broad promotion index currently reads 32.58% which RetailMeNot calls a "moderate" level.
- Tracking of the RetailMeNot data could be of particular interest in the apparel store sector (GPS, LB, AEO, ANF, CHS, PLCE, DSW, DXLG, FRAN, BKE, SSI, DEST, NWY, CTRN, GES, TLRD, SMRT.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC).
- Source: Press Release