Francesca's Holdings: Under The Masks - Problems Then, Now And Ahead
Jenks Jumps • 19 Comments
Jenks Jumps • 19 Comments
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
Thu, Aug. 11, 9:59 AM
- The retail sector is racking up sizable gains after Macy's set the table with a major store closing announcement (15% of full-line stores).
- Earnings beats at Macy's and Kohl's, along with a surprise upgrade on American Eagle Outfitters (AEO +4.6%) are also helping to boost sentiment.
- Notable gainers include Guess (GES +4.3%), Dillard's (DDS +5.8%), Ascena Retail Group (ASNA +4.6%), Stage Stores (SSI +7.7%), Sears Holdings (SHLD +4.6%), Gap (GPS +3.5%), Abercombie & Fitch (ANF +3.2%), Barnes & Noble (BKS +3.2%), Urban Outfitters (URBN +1.3%), Francesca's (FRAN +2.5%), DSW (DSW +3.5%), Pier 1 Imports (PIR +4%), and Finish Line (FINL +2.4%).
- The S&P 500 Retail ETF (NYSEARCA:XRT) is up 2.1% on the day off the chain store buzz.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, JHMC, CNDF
Mon, Jul. 25, 11:09 AM
- Apparel store stocks are off and running today on some broad strength.
- The sector has seen more buying action of late after hitting a prolonged rough patch. A couple of solid reports on June sales from key retailers and some calming down of the recent civil unrest has contributed to improved outlook.
- Notable gainers include Gap (GPS +3.5%), Nordstrom (JWN +3.3%), L Brands (LB +2.9%), Urban Outfitters (URBN +2.8%), Macy's (M +2.3%), Kohl's(KSS +1.7%), Francesca's Holdings (FRAN +1.5%), Chico's FAS (CHS +2.1%), Tailored Brands (TLRD +1.5%), and DSW (DSW +1.8%).
Mon, Jul. 11, 1:34 PM
Fri, Jun. 10, 8:02 AM
- FBR Capital cuts its price target on Francesca's (NASDAQ:FRAN) to $12 from $19 (based off of 12X P/E) after digesting the retailer's Q1 report.
- "We like FRAN's initiatives; however, we remain on the sidelines and look for increased visibility regarding mall traffic, omni-channel capabilities, strategic investments, and consistent comp performance," writes analyst Susan Anderson.
- Wall Street is still surprisingly bullish on FRAN, with 8 Hold ratings and 4 Buy ratings on the scorecard and no Sells/Underweights to be found.
- Shares of FRAN are down 39% YTD.
Thu, Jun. 9, 9:11 AM
Thu, Jun. 9, 7:45 AM
- Francesca's (NASDAQ:FRAN) reports comparable-store sales rose 2% in Q1 driven by an increase in the number of transactions both at the boutiques and on-line.
- Ecommerce comparable sales increased 38% for the period.
- Merchandise category sales: Apparel: $54.89M (+14%); Jewelry: $24.06M (+10%); Accessories: $16.05M (+4%); Gifts and home: $11.33M (+15%).
- Gross margin rate decreased 100 bps to 46.3%.
- SG&A expense rate expanded 80 bps to 35.5%.
- Operating margin rate dropped 170 bps to 10.8%.
- Inventory +10.8% Y/Y to $34.8M.
- Boutique count +30 Q/Q to 646.
- Q2 Guidance: Net sales: $106M to $110M; Comparable-store sales: mid-single digit decrease; EPS: $0.16 to $0.19; New boutiques: 15 to 20.
- FY2016 Guidance: Net sales: $460M to $480M; Comparable-store sales: flat to a low-single digit decrease; EPS: $0.86 to $0.96; Shares outstanding: 39.6M; Tax rate: 37.8%; Capital expenditure: $28M to $31M; New boutiques: 50 to 60.
Thu, Jun. 9, 7:34 AM
Wed, Jun. 8, 5:30 PM