Company Overview of Francesca's Holdings Corporation
Francesca’s Holdings Corporation, through its subsidiaries, operates a chain of retail boutiques. It offers fashion apparel, jewelry, accessories, and gifts primarily for women between the ages of 18 and 35. The company’s apparel products comprise dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry includes necklaces, earrings, bracelets, and rings. Its accessories consist of handbags, clutches, wallets, shoes, belts, hats, scarves, sunglasses, watches, and hair accessories; and gifts include fragrances, candles, bath and body, home accessories, books, wall art, nail polish, and miscellaneous items. As of June 10, 2...
8760 Clay Road
Houston, TX 77080
Founded in 1999
Key Executives for Francesca's Holdings Corporation
Chairman, Chief Executive Officer and President
Total Annual Compensation: $67.3K
Chief Financial Officer and Senior Vice President
Total Annual Compensation: $358.8K
Chief Merchandising Officer and Executive Vice President
Total Annual Compensation: $371.4K
Chief Administrative Officer, Executive Vice President, General Counsel and Corporate Secretary
Total Annual Compensation: $371.4K
Vice President of Accounting and Controller
Total Annual Compensation: $184.6K
Compensation as of Fiscal Year 2014.
Francesca's Holdings Corporation Key Developments
Francesca's Holdings Corporation Announces Executive Changes
Aug 18 15
Francesca's Holdings Corporation announced that Sei Jin Alt, Chief Merchandising Officer, will be resigning from the company to spend more time with her family and pursue other interests. The company has initiated a search for a new Chief Merchandising Officer. To facilitate a smooth transition, Ms. Alt will remain in her current role until November 20, 2015.
Francesca's Holdings Corporation Presents at Jefferies 2015 Global Consumer Conference, Jun-23-2015 01:30 PM
Jun 16 15
Francesca's Holdings Corporation Presents at Jefferies 2015 Global Consumer Conference, Jun-23-2015 01:30 PM. Venue: White Elephant, Nantucket, Massachusetts, United States. Speakers: Mark J. Vendetti, Chief Financial Officer and Senior Vice President, Michael W. Barnes, Chairman, Chief Executive Officer and President.
Francesca's Holdings Corporation Reports Consolidated Earnings Results for the First Quarter Ended May 02, 2015; Provides Earnings Guidance for the Second Quarter Ending August 1, 2015 and for the Year Ending June 30, 2016; Plans to Open 20 New Boutiques for the Second Quarter Ending August 1, 2015 and Approximately 80 to 85 Boutiques for the Full Year Ending January 30, 2016
Jun 10 15
Francesca's Holdings Corporation reported consolidated earnings results for the first quarter ended May 02, 2015. For the quarter, the company’s net sales increased 11% to $95.0 million from $85.4 million in the comparable prior year period. This increase was driven by 76 new boutiques opened since the comparable prior year quarter. Income from operations was $11.9 million, or 12.5% of net sales, compared to $14.0 million, or 16.4% of net sales, in the prior year quarter. Income before income tax expense was $11.714 million against $13.902 million a year ago. Net income was $7.241 million or $0.17 per diluted share against $8.560 million or $0.20 per diluted share a year ago. Net cash provided by operating activities was $15.596 million or $9.710 million a year ago. Purchase of property and equipment were $8.721 million against $8.078 million a year ago.
For the second quarter ending August 1, 2015, net sales are expected to be in the range of $104.0 million to $107.0 million; assuming a mid to low single digit decrease in comparable sales compared to the prior year comparable sales decrease of 7%. Diluted earnings per share are expected to be in the range of $0.20 to $0.23.
For the full year ending January 30, 2016, the company are maintaining its previous financial guidance. The company expects net sales to be in the range of $412.0 million and $424.0 million; assuming a flat to low single digit decrease in comparable sales compared to a prior year comparable sales decrease of 5%. Diluted earnings per share are expected to be in the range of $0.81 to $0.90. The effective tax rate is estimated to be 38.1%. Capital expenditures for fiscal year 2015 are expected to be in the range of $30.0 million to $32.0 million.
The company plans to open 20 new boutiques during the second quarter. The company expects to open approximately 80 to 85 boutiques in fiscal year 2015 compared to 88 new boutiques opened in fiscal year 2014.
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