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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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September 18, 2014
10:57 EDTBKEU.S. ITC to investigate 17 denim jean companies for patent infringement
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September 16, 2014
16:27 EDTTLYSTilly's assumed with an Overweight at Piper Jaffray
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September 10, 2014
16:03 EDTDLIAdELiA's reports Q2 EPS (21c) vs. (38c) last year
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08:04 EDTFRANFrancesca's jewelery rebound bodes well for outlook, says Wedbush
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06:35 EDTFRANFrancesca's shares a buy following guidance, says Jefferies
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September 9, 2014
09:12 EDTFRANOn The Fly: Pre-market Movers
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07:37 EDTFRANFrancesca's sees FY14 EPS 88c-98c, consensus $1.05
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07:35 EDTFRANFrancesca's sees Q3 EPS 17c-22c, consensus 25c
Sees Q3 revenue $87M-$92M, consensus $92.59M. Sees mid-to low-single digit decrease in SSS.
07:33 EDTFRANFrancesca's reports Q2 EPS 24c, consensus 26c
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September 8, 2014
15:27 EDTFRANNotable companies reporting before tomorrow's open
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14:23 EDTFRANFrancesca's technical commentary before earnings
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