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
Founded in 1999
Francesca's Holdings Corporation Approves Amendments to Amended and Restated Bylaws
Sep 20 16
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
Sep 20 16
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
Sep 7 16
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.