What's your position on ?
Why are you ish?
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Wed, Jan. 13, 10:48 AM
Thu, Jan. 7, 9:08 AM
- Francesca's (NASDAQ:FRAN) lifts guidance after factoring in holiday sales.
- The company now sees Q4 sales of $130M to $133M off a high single-digit comp. Prior guidance was for sales of $127M to $130M.
- EPS guidance from the retailer is raised to $0.32-$0.34 vs. $0.31-$0.33 prior and $0.32 consensus.
- Management says the retailer's assortment was on trend this year.
- FRAN +3.44% premarket to $18.62.
Dec. 9, 2015, 7:55 AM
- Francesca's (NASDAQ:FRAN) reports comparable-store sales rose 4% in Q3 due to an increase in average transaction value Y/Y.
- Direct-to-consumer sales increased 12% to $3.8M.
- Merchandise category sales: Apparel: $54.3348.17M (+23%); Jewelry: $21.27M (+14%); Accessories: $17.08M (+20%); Gifts: $10.85M (+13%).
- Gross margin rate dropped 70 bps to 46.6%.
- Operating margin rate decreased 240 bps to 10.7%.
- Inventory +23.9% Y/Y to $43.89M.
- Boutique count +11 Q/Q to 619.
- Q4 Guidance: Net sales: $127M to $130M; Comparable-store sales: mid-single digit increase; EPS: $0.31 to $0.33; New boutiques: 3.
- FY2015 Guidance: Net sales: $432M to $435M; Comparable-store sales: flat to slightly positive; EPS: $0.86 to $0.88; Shares outstanding: 42.1M; Tax rate: 38.1%; Capital expenditure: $25M to $26M; Total boutiques: 616.
Dec. 9, 2015, 7:31 AM
Dec. 8, 2015, 5:30 PM
Nov. 30, 2015, 12:55 PM
- It's not a happy Cyber Monday for most retail chain stock on broad concerns over soft store traffic and weak pricing.
- Notable decliners include Guess (GES -5.5%), Express (EXPR -4.6%), Zumiez (ZUMZ -7%), Foot Locker (FL -1.7%), Finish Line (FINL -2.1%), Urban Outfitters (URBN -4.4%), Francesca's (FRAN -2.9%), DSW (DSW -2.7%), and Men's Wearhouse (MW -3.3%).
- Discounters are down sharply, led by Big Lots (BIG -5.4%), Gordmans Stores (GMAN -6%), and Five Below (FIVE -4.3%).
- Big box retailers Wal-Mart (WMT -1.3%), Costco (COST -1.4%), and Target (TGT -1.4%) are lower with concerns over website capabilities lingering in the background. Best Buy (BBY +1.1%) is a bit of a surprise with a 1.4% gain after reports indicate demand for Apple products is exceptionally strong.
- Specialty retailers such as The Container Store (TCS +1.6%), Party City (PRTY +1.2%), and The Michaels Companies (MIK +1.4%) are also retail outliers as consumers are seen spending a higher percentage of their disposable income close to their homes.
- Previously: Retail stocks on watch after Amazon scoops up more Black Friday sales (Nov. 30 2015)
- Previously: Department stores stocks weak on holiday sales anxiety (Nov. 30 2015)
Nov. 25, 2015, 9:26 AM
- The average price for a gallon of gas in the U.S. has now dropped to $2.06 per gallon - a mark that is 27% lower than where gas prices stood heading into the holiday period last year. Despite the extra dollars in the wallets of consumers, most forecasts for holiday retail sales are on the modest side (below 4%).
- The extended period of sub-$3 gas prices in the U.S. hasn't exactly lit consumer spending across broad retail on fire (just ask Wal-Mart) - although it has stoked auto sales for the Detroit Three (GM, F, FCAU). The regional casino sector (ISLE, PENN, BYD, ERI, MTN, MCRI) and cruise line stocks (NCLH, RCL) have also benefited more than major chain stores. Some have suggested that lower gas prices are also an understated driver for Starbucks (NASDAQ:SBUX) and Netflix (NASDAQ:NFLX) which both score high on customer stickiness.
- What next? Seeking Alpha's Stock Pitch Contest on retail is still open until November 30 amid the reset on consumer spending expectations. Current long ideas include PLAY, FRAN, CASY, SKX, WMT, PSUN, HGG, PRTY, TJX, TA, VSTO - while short bets on WMAR, TIF, RT, AMZN, UA, LB, and OUTR are on record.
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE.
Nov. 23, 2015, 11:47 AM
- Ten retailers are expected to post adjusted profit growth of 40% or better in Q4, according to data from S&P Capital IQ.
- The list includes companies boosting the bottom line through acquisitions, mergers, cost-cutting, and sales leverage.
- Expected Q4 profit growth: Fred's (NASDAQ:FRED) 710%, Amazon (NASDAQ:AMZN) 261.2%, Tile Shop (NASDAQ:TTS) 137.4%, Chico's (NYSE:CHS) 51.9%, Office Depot (NASDAQ:ODP) 49.4%, Mattress Firm (NASDAQ:MFRM) 45.6%, Shoe Carnival (NASDAQ:SCVL) 44.4%, Francesca Holdings (NASDAQ:FRAN) 44.4%, Shutterfly (NASDAQ:SFLY) 42%, Ascena Retail (NASDAQ:ASNA) 41.5%.
- Of the bunch of high-flyers, only Shoe Carnival trades with a price-to-earnings ratio of below 20.
Nov. 20, 2015, 7:44 AM
- Francesca's (NASDAQ:FRAN) announces the resignation of CFO Mark Vendetti. Cindy Thomassee, currently VP of Accounting, will take over the position.
- The company also issued preliminary results for Q3. Revenue came in at $103.4M vs. $98.9M consensus. EPS is expected to be $0.15-$0.16.
Nov. 11, 2015, 11:32 AM
- A painful guidance cut from Macy's is creating a wave of selling across mall-related retailers.
- Decliners in the fragile sector include Urban Outfitters (URBN -6.1%), Ascena Retail Group (ASNA -7.1%), Dillard's (DDS -6.5%), Sears Holdings (SHLD -4.3%), TJX Companies (TJX -3.2%), Guess (GES -3.5%), Abercrombie & Fitch (ANF -4.6%), Francesca's Holdings (FRAN -4.4%), Express (EXPR -3.4%), (DSW -3.8%), American Eagles Outfitters (AEO -2.5%), Aeropostale (ARO -3.9%), Zumiez (ZUMZ -4%), Buckle (BKE -3%), and bebe stores (BEBE -9.5%).
- Previously: Macy's lower after U.S. sales slump and nixing REIT (Nov. 11)
- Previously: Department store sector on watch after Macy's warns (Nov. 11)
- Previously: Should Macy's suppliers be worried? (Nov. 11)
Nov. 6, 2015, 11:16 AM
- Apparel store stocks are weaker on more reports of higher wage levels and a string of earnings duds in the sector.
- Men's Wearhouse (NYSE:MW) is the headliner with a 44% slide after reporting weak sales, although 22 out of 24 apparel store stocks with a market cap of over $300M are bleeding today.
- Margins are a big concern in the sector as sales deleverage plays in and a higher mix of e-commerce chips away.
- Other notable declines include Stein Mart (SMRT -5.4%), Ascena Retail (ASNA -5.5%), The Children's Place (PLCE -4.8%), Shoe Carnival (SCVL -2.2%), Buckle (BKE -2.1%), Francesca's (FRAN -1.9%).
Oct. 8, 2015, 10:20 AM
- The apparel sector is out-gaining market averages as sentiment swings positive. There's been some analysis suggesting that apparel sellers will benefit from the Trans-Pacific Partnership on the cost side. Lower cotton and oil prices are also working in the favor of apparel companies, although hedging against the strong U.S. dollar is an ongoing risk.
- On the manufacturing side: G-III Apparel (NASDAQ:GIII) +2.6%, Columbia Sportswear (NASDAQ:COLM) +2.1%, Michael Kors (NYSE:KORS) +1.8%, PVH Corp. (NYSE:PVH) +1.6%, Ralph Lauren (NYSE:RL) +1.4%.
- On the chain store side: Cato (NYSE:CATO) +5.1%, Ascena Retail (NASDAQ:ASNA) +3.4%, American Eagle Outfitters (NYSE:AEO) +3.4%, Abercrombie & Fitch (NYSE:ANF) +3.1%, Francesca's Holdings (NASDAQ:FRAN) +2.6%, L Brands (NYSE:LB) +2.1%.
Sep. 21, 2015, 1:08 PM
- Select specialty retailers are higher today as investors continue to speculate over which company will catch the interest of private equity firms looking at a go-private deal.
- Zumiez (ZUMZ +3.9%), Buckle (BKE +1.7%), Francesca's Holdings (FRAN +2.2%), and Pacific Sunwear (PSUN +2.9%) are the names in the deal hopper. All four are sharply lower YTD to levels no wseen as attracting PE interest
Sep. 9, 2015, 7:41 AM
- Francesca's (NASDAQ:FRAN) reports comparable-store sales declined 4% in FQ2 on a lower transaction count.
- 19 boutiques were opened in FQ2 to take the total boutique count to 608.
- Direct-to-consumer sales were flat during the quarter at $3.6M.
- The company's gross margin rate rose 80 bps to 47.4% on higher merchandise margins.
- Average inventory per boutique fell 4% Y/Y.
- Guidance: Francesca's expects FQ3 sales of $98M to $101M vs. $98.1M consensus and EPS of $0.12-$0.15 vs. $0.18 consensus.
- Previously: Francesca's EPS in-line, beats on revenue
Sep. 9, 2015, 7:32 AM
- Francesca's (NASDAQ:FRAN): Q2 EPS of $0.22 in-line.
- Revenue of $106M (+8.9% Y/Y) beats by $0.34M.
Sep. 8, 2015, 5:30 PM
Other News & PR