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News Breaks
March 26, 2014
11:40 EDTTLYS, FRAN, DLIA, BKE, CACHFrancesca'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 3, 2015
10:03 EDTFRANOn The Fly: Analyst Upgrade Summary
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07:35 EDTFRANFrancesca's upgraded on merchandising improvements, easy comps at Wedbush
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07:30 EDTFRANFrancesca's upgraded to Outperform from Neutral at Wedbush
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07:05 EDTBKEThe Buckle reports August SSS down 3.3%
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August 27, 2015
08:45 EDTTLYSTilly's outlook still positive after Q2 miss, says Roth Capital
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08:24 EDTTLYSTilly's price target lowered to $12 from $18 at Brean Capital
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August 26, 2015
20:03 EDTTLYSOn The Fly: After Hours Movers
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16:52 EDTTLYSTilly's sees Q3 product margins 'relatively flat'
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16:44 EDTTLYSTilly's says encouraged by August sales trends
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16:04 EDTTLYSTilly's sees Q3 EPS 12c-16c, consensus 19c
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16:03 EDTTLYSTilly's reports Q2 EPS 2c, consensus 4c
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15:00 EDTTLYSNotable companies reporting after market close
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August 20, 2015
07:02 EDTBKEThe Buckle reports Q2 EPS 49c, consensus 47c
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