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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.
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. 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. 3, 2015, 8:27 AM| Sep. 3, 2015, 8:27 AM
Aug. 18, 2015, 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.
Jun. 10, 2015, 9:15 AM
Jun. 10, 2015, 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.
Mar. 26, 2015, 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)
Mar. 25, 2015, 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.
Mar. 16, 2015, 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.
Dec. 10, 2014, 8:25 AM
- Francesca's (NASDAQ:FRAN) reports comparable-store sales fell 6.0% in Q3.
- Direct-to-consumer sales increased 53.0% in the quarter.
- Gross margin rate declined 340 bps to 47.28%
- Inventory +15.63% Y/Y to $35.43M.
- Boutique count +91 Y/Y to 538.
Q4 Guidance: Net sales: $96M to $102M (+4% to +11%); Comparable-store sales: -5.0% to -10.0%; EPS: $0.13 to $0.19; Tax rate: 38.0%.
FY2015 Guidance: Net sales: $366M to $372M (+8% to +9%); Comparable-store sales: -6.0% to -8.0%; EPS: $0.75 to $0.81; Shares outstanding: 42.4M; Tax rate: 37.6%; Capital expenditure: $25.5M to $26.5M.
- FRAN -2.58% premarket.
Dec. 5, 2014, 12:50 PM
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