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News Breaks
March 26, 2014
11:40 EDTFRAN, CACH, DLIA, TLYS, BKEFrancesca's sinks after results, guidance trail expectations
Shares of Francesca's (FRAN), which operates retail boutiques offering fashion apparel, jewelry, accessories and gifts, are falling after the company's fourth quarter results and first quarter guidance trailed expectations. WHAT'S NEW: This morning, Francesca's reported Q4 adjusted earnings per share of 27c and revenue of $92.1M, compared to expectations of 28c and $94.33M, respectively. The company reported Q4 same store sales declined 6%. Francesca's forecast Q1 EPS of 20c-24c and Q1 revenue of $85M-$90M, compared to expectations of 28c and $92.05M, respectively. The company forecast Q1 SSS to be down in the low single-digits to up in the low single-digits. The company plans to open approximately 60 new boutiques during Q1. For fiscal year 2014, Francesca's sees EPS of $1.16-$1.31, compared to consensus $1.26, and FY14 revenue of $391M-$409M, versus consensus of about $405M. Francesca's CEO Neill Davis stated, "The headwinds our business experienced as we progressed through January have continued into Q1, impacting our ability to clear through seasonal fall and winter products and resulting in the delay of spring season full-price selling. Although initial customer reaction to our spring apparel fashion is strong, clarity and timing of Spring 2014 customer buying trends remain uncertain." PRICE ACTION: In late morning trading, Francesca's fell $2.71, or about 13%, to $18.15 on more than twice its average daily trading volume. Including today's slide, the stock has lost about 40% over the past twelve months. OTHERS TO WATCH: Other specialty fashion and accessory retailers include Cache (CACH), dELiA's (DLIA), The Buckle (BKE) and Tilly's (TLYS).
News For FRAN;CACH;DLIA;TLYS;BKE From The Last 14 Days
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October 24, 2014
10:15 EDTFRANHigh option volume stocks
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October 20, 2014
10:38 EDTFRANHigh option volume stocks
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October 16, 2014
14:48 EDTFRANFrancesca's management to meet with Jefferies
Meeting to be held in New York on October 23 hosted by Jefferies.
10:01 EDTFRANOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
05:41 EDTFRANFrancesca's downgraded to Underperform from Outperform at Macquarie
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