September 27, 2016 8:14 PM ET

Specialty Retail

Company Overview of Francesca's Holdings Corporation

Company Overview

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 March 23, ...

8760 Clay Road

Houston, TX 77080

United States

Founded in 1999

1,316 Employees

Phone:

713-864-1358

Fax:

713-426-2751

Key Executives for Francesca's Holdings Corporation

Chief Administrative Officer, Executive Vice President, General Counsel and Corporate Secretary
Age: 55
Total Annual Compensation: $383.8K
Chief Merchandising Officer and Executive Vice President
Age: 47
Total Annual Compensation: $88.5K
Compensation as of Fiscal Year 2015.

Francesca's Holdings Corporation Key Developments

Francesca's Holdings Corporation Approves Amendments to Amended and Restated Bylaws

The Board of Francesca's Holdings Corporation approved amendments to the company's Amended and Restated Bylaws. Specifically, the Board amended Article II, Section 2.04 of the Bylaws to clarify that the Chairman of the Board is not required to be an officer of the company.

Francesca's Holdings Corporation Announces Executive Changes

Francesca's Holdings Corporation appointed Steven P. Lawrence as President and Chief Executive Officer. Mr. Lawrence was also appointed to the Company’s Board of Directors. He will assume his roles with the Company in October 2016. Upon Mr. Lawrence’s official assumption of his duties, Richard Kunes, who has been serving as the Company’s Interim Chairman of the Board, President and Chief Executive Officer since May 2016, will become the Company’s Chairman of the Board. Mr. Lawrence currently serves as the Chief Merchandising Officer for Stage Stores Inc. Prior to joining Stage Stores in May 2012, Mr. Lawrence worked at J.C. Penney Company from September 2000 to March 2012.

Francesca's Holdings Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended July 30, 2016; Provides Earnings Guidance for the Third Quarter Ending October 29, 2016 and Full Year Ending January 28, 2017

Francesca's Holdings Corporation announced consolidated earnings results for the second quarter and six months ended July 30, 2016. For the quarter, the company reported net sales of $115,260,000 compared to $106,033,000 a year ago. Net sales increased due to the addition of 44 net new boutiques since the end of last year's second quarter and a 37% increase in e-commerce sales. Income from operations was $17,122,000 compared to $15,175,000 a year ago. Income before income tax expense was $17,048,000 compared to $15,009,000 a year ago. Net income was $10,591,000 or $0.27 per diluted share compared to $9,304,000 or $0.22 per diluted share a year ago. For the six months, the company reported net sales of $221,373,000 compared to $201,044,000 a year ago. Income from operations was $28,586,000 compared to $27,065,000 a year ago. Income before income tax expense was $28,403,000 compared to $26,723,000 a year ago. Net income was $17,672,000 or $0.45 per diluted share compared to $16,545,000 or $0.39 per diluted share a year ago. Net cash provided by operating activities was $25,464,000 compared to $24,495,000 a year ago. Purchases of property and equipment were $11,149,000 compared to $14,959,000 a year ago. For the third quarter ending October 29, 2016, net sales are expected to be in the range of $114 million to $118 million; assuming a mid-single digit increase in comparable sales compared to the prior year increase of 4%. Diluted earnings per share are expected to be in the range of $0.16 to $0.19. For the full year ending January 28, 2017, the company expects net sales to be in the range of $473 million to $488 million; assuming a low-single digit decrease to a low single-digit increase in comparable sales compared to the prior year increase of 3%. Diluted earnings per share are now expected to be in the range of $0.96 to $1.03, which includes a $0.03 per share benefit associated with the previously announced resignation of Chairman, President and Chief Executive Officer. The effective tax rate is estimated to be 37.8%. Capital expenditures for fiscal year 2016 are expected to be in the range of $28.0 million to $31.0 million.

Similar Private Companies By Industry

Company Name Region
#1 Cochran, Inc. United States
#1 Cycle Center, Inc. United States
1 Stop Electronics Center, Inc. United States
10 West Motorsports, Inc. United States
100MAC, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Buyback
March 23, 2016
--
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Francescas Holdings Corporation, please visit www.francescas.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.