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Tue, Aug. 18, 10:47 AM
- Francesca's Holdings (FRAN -6.7%) trades sharply lower after the company announced the resignation of its CMO.
- Though the exec resigned without any controversy and will stay on until November to help with the transition, continual board and management upheaval at the retailer has investors skittish.
Tue, Aug. 18, 7:34 AM
Thu, Jun. 11, 8:48 AM
- Clothing stores showed some signs of life in May as tipped in today's Retail Sales report.
- The category was up 1.5% M/M and 3.6% Y/Y to outpace total retail sales.
- The improvement is consistent is with the reads from the narrow range of apparel chains which still report monthly sales.
- The sector has seen discounters show stronger traffic trends than mall-based chains, although both groups have eased off promotional activity a bit.
- Previously: Retail sales stronger-than-expected in May
- Related stocks: ANF, AEO, LUX, GES, CTRN, CATO, LB, PLCE, SSI, ROST, GPS, BOOT, CHS, MW, ANN, ASNA, BKE, DSW, EXPR, URBN, FRAN.
Wed, Jun. 10, 9:15 AM
Wed, Jun. 10, 7:51 AM
- Francesca's (NASDAQ:FRAN) reports comparable-store sales fell 2% in Q1.
- Direct-to-consumer sales increased 19% driven by increased traffic and conversion rates.
- Merchandise category sales: Apparel: $48.17M (+8%); Jewelry: $21.97M (+20%); Accessories: $15.38M (+9%); Gifts: $9.84M (+17%).
- Gross margin rate declined 170 bps to 47.3%.
- Adjusted operating margin rate decreased 390 bps to 12.5%.
- Inventory +9.1% Y/Y to $31.4M.
- Boutique count +76 Y/Y to 589.
- Q2 Guidance: Net sales: $104M to $107M; Comparable-store sales: mid to low single digit decrease; EPS: $0.20 to $0.23; New boutiques: 20.
- FY2015 Guidance: Net sales: $412M to $424M; Comparable-store sales: flat to a low single digit decrease; EPS: $0.81 to $0.90; Shares outstanding: 42.4M; Tax rate: 38.1%; Capital expenditure: $30M to $32M; New boutiques: 80 to 85.
Wed, Jun. 10, 7:33 AM
Tue, Jun. 9, 5:30 PM
Sat, Jun. 6, 12:58 PM
- Many analysts covering the apparel/department store part of the retail sector have been pushing out the same story on global lifestyle brands and REIT conversions without giving investors much of a play except an all-in turnaround bet.
- There's a suspicion with some industry insiders that F/X and comp sales headlines are hiding some undervalued picks.
- A few screens below. Add your own in the comments.
- Lowest forward price-to-earnings ratio: Genesco (NYSE:GCO), Dillard's (NYSE:DDS), Gap (NYSE:GPS), Stage Stores (NYSE:SSI), Stein Mart (NASDAQ:SMRT).
- Lowest price-to-book ratio: Abercrombie & Fitch (NYSE:ANF), Stage Stores, Ascena Retail Group (NASDAQ:ASNA), Guess (NYSE:GES), J.C. Penney (NYSE:JCP).
- Highest current ratio (assets/liabilities): Shoe Carnival (NASDAQ:SCVL), Francesca's (NASDAQ:FRAN), Guess, Citi Trends (NASDAQ:CTRN), DSW (NYSE:DSW).
Thu, Mar. 26, 1:05 PM
- Francesca's (FRAN +4%) trades higher with some retail analysts warming up to the retailer after it turned its first earnings beat in eight quarters.
- Goldman Sachs upgrades the stock to a Neutral rating from Sell.
- Nomura lifts its price target on the Buy-rated stock to $19.
- Previously: Francesca's beats by $0.01, beats on revenue (Mar. 25 2015)
- Previously: More on Francesca's Q4 (Mar. 25 2015)
Wed, Mar. 25, 8:14 AM
- Francesca's (NASDAQ:FRAN) reports comparable-store sales rose 1.0% in Q4.
- Direct-to-consumer sales increased 42.0% in the quarter.
- Gross margin rate declined 490 bps to 45.7%.
- Adjusted operating margin rate -620 bps to 14.3%.
- Inventory -3.30% Y/Y to $23.80M.
- Boutique count +88 Y/Y to 539.
- FQ1 Guidance: Net sales: $93M to $96M; Comparable-store sales: low single digit decrease; EPS: $0.15 to $0.18; New boutiques: 51.
FY2015 Guidance: Net sales: $412M to $424M; Comparable-store sales: flat to a low single digit decrease; EPS: $0.81 to $0.90; Shares outstanding: 42.4M; Tax rate: 38.1%; Capital expenditure: $30M to $32M; New boutiques: 85.
- FRAN +0.95% premarket.
Wed, Mar. 25, 7:34 AM
Tue, Mar. 24, 5:30 PM
Mon, Mar. 16, 12:15 PM
- Francesca's (FRAN +5.5%) rallies after Janney Montgomery Scott upgrades the specialty retailer to a Buy rating from Neutral.
- The investment firm sets a $20 price target on shares.
- Francesca's is due to release Q4 earnings on March 25 with analysts expecting revenue of $103.8M and EPS of $0.20 vs. Francesca's recent guidance for sales of $103M-$105M and EPS of $0.17 to $0.20.
Thu, Feb. 19, 10:27 AM
- Retail analysts are digging into the impact of the West Coast port slowdown on the sector.
- KeyBanc thinks Perry Ellis (NASDAQ:PERY), Steven Madden (NASDAQ:SHOO), and Vince Holdings (NYSE:VNCE) are three companies that could see a disproportionate sting from the labor unrest.
- The at-risk list from Stifel Nicolaus includes Aeropostale (NYSE:ARO), Abercrombie & Fitch (NYSE:ANF), Chico's FAS (NYSE:CHS), Urban Outfitters (NASDAQ:URBN), Zumiez (NASDAQ:ZUMZ), Francesca's (NASDAQ:FRAN), Express (NYSE:EXPR), Gap (NYSE:GPS), Tilly's (NYSE:TLYS), and American Eagle Outfitters (NYSE:AEO).
- Though a number of the companies have warned on an impact on earnings for Q1, a lengthy slowdown could also hit Q2 as spring lines are delayed.
- Retailers with a larger concentration in California are viewed as more at risk.
- Previously: West Coast port slowdown continues (Feb. 16 2015)
- Previously: West Coast port slowdown impacts furniture industry (Feb. 17 2015)
- Previously: Perry Ellis cuts guidance due to West Coast port disruption, shares -15% AH (Feb. 17 2015)
- Previously: Apparel companies at risk from West Coast torpor (Feb. 18 2015)
Fri, Jan. 9, 6:59 AM
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