Shares of the specialty retailer collapsed after another awful earnings report. What happened Shares of Francesca's Holdings Corp. (FRAN) were tumbling today after the mall-based specialty retailer posted another underwhelming earnings report, this one for the second quarter.
Full Answer
Are Francesca's insiders buying or selling stock?
In the past three months, Francesca's insiders have not sold or bought any company stock. Only 5.00% of the stock of Francesca's is held by insiders. Only 37.80% of the stock of Francesca's is held by institutions.
How did Francesca's holdings (Fran) perform in Q1 earnings?
Francesca's Holdings Co. (NASDAQ:FRAN) posted its quarterly earnings results on Friday, May, 3rd. The specialty retailer reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($1.20) by $1.08. The specialty retailer had revenue of $119.31 million for the quarter.
When did Francesca announce its reverse split?
Francesca's shares reverse split on Tuesday, July 2nd 2019. The 1-12 reverse split was announced on Friday, June 28th 2019. The number of shares owned by shareholders was adjusted after the market closes on Monday, July 1st 2019.
What kind of business does Francesca's have?
Sign-up to receive the latest news and ratings for Francesca's and its competitors with MarketBeat's FREE daily newsletter. Francesca's Holdings Corp. engages in the operation of a nationwide-chain of boutiques, through its subsidiaries. It offers assorted apparel, jewelry, accessories, and gifts.
What happened to Francesca's Holdings?
Francesca's, represented by O'Melveny & Myers, filed for bankruptcy in Delaware in December with $13.5 million in long-term debt, one of dozens of retailers that saw sales collapse amid the COVID-19 pandemic. The plan calls for lenders to be paid back in full.
Is Francesca's going out of business 2020?
On Dec. 3, 2020, Francesca's filed for Chapter 11 bankruptcy protection, as a yearslong battle to get back to growth came to a head. Its business had hit a peak when it reported positive EBITDA of $87 million in 2016, court documents explained, which diminished to a loss of $62 million in 2020.
Is Francesca's out of business?
Francesca's was sold to an affiliate of private equity groups TerraMar Capital, Tiger Capital Group and SB360 Capital Group, with the sale closing February 2021. “We're very fortunate to have survived the pandemic, albeit not without some considerable reorganization in our company,” Clarke said.
What company owns francescas?
On January 30, 2021, Francesca's Holdings Corporation announced the sale of substantially all of its assets to Francesca's Acquisition LLC, an affiliate of TerraMar Capital LLC.
What age group is Francesca's for?
age 18 to 35Its Francesca's Collections boutiques cater to a tough crowd, fashion-conscious women age 18 to 35. Roughly half of the product mix in each store is clothing, with the rest in jewelry and accessories. The Houston-based retailer uses a merchandising strategy that helps it stay on top of fast-changing customer demands.
Is Francesca's Collection publicly traded?
As our boutique base grew across the United States we expanded our merchandise offering to include apparel, which has become our largest category. In July 2011, we became a publicly-traded company.
Who is the CEO of Francesca's?
Andrew Clarke (Mar 9, 2020–)francesca's / CEO
Is Francesca's a good company?
Is francesca's a good company to work for? francesca's has an overall rating of 3.4 out of 5, based on over 2,200 reviews left anonymously by employees.
Where does Francesca's get their clothes from?
Garments from India, Nepal and Thailand comprise the other half of the inventory. Silk skirts and tops made from saris, wrap-around pants and other unique items attract the customers that want to be different. The best seller, Mudmee tye-dyes, hand dyed in Thailand, completes the picture.
Is Francesca's a chain?
Under the new ownership, Francesca's will continue to operate its existing headquarters in Houston, its e-commerce channels and at least 275 boutiques. Under the new ownership, Francesca's will continue to operate its existing headquarters in Houston, its e-commerce channels and at least 275 boutiques.
The boutique retailer fell after a tough quarterly report. Here's what investors need to know
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What happened
Shares of Francesca's Holdings Corp. ( OTC:FRAN) were down 14% as of 1:00 p.m. EDT Tuesday after the women's clothing retailer announced disappointing fiscal first-quarter 2017 results.
So what
Quarterly revenue climbed 1.5% year over year to $107.7 million, as contributions from 42 new stores more than offset a 5% comparable-sales decline. On the bottom line, net income slid to $4.3 million, or $0.12 per share, down from $7.1 million, or $0.18 per share in the same year-ago period.
Now what
For the current quarter, Francesca's expects revenue of $120 million to $124 million, assuming a change in comparable sales in the range of negative 3% to positive 1%. That should translate to earnings per share of $0.13 to $0.18.
Shares of the specialty retailer collapsed after another awful earnings report
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What happened
Shares of Francesca's Holdings Corp. ( OTC:FRAN) were tumbling today after the mall-based specialty retailer posted another underwhelming earnings report, this one for the second quarter. Shares of the chain, which sells apparel, jewelry, and accessories, was trading down 31.8% as of 11:06 a.m.
So what
Comparable sales plunged 13% in the quarter as traffic continued to decline, and overall revenue was down 6% to $113 million, well below expectations of $120.8 million.
Now what
Management also cut its guidance for the full year as it now sees comparable sales falling 8% to 10% and total revenue of $453 million to $463 million, down 2% to 4%, compared to the analyst consensus at $482.7 million.
0.0 Analyst's Opinion
Francesca's has received 538 “outperform” votes. (Add your “outperform” vote.)
How were Francesca's' earnings last quarter?
Francesca's Holdings Co. (NASDAQ:FRAN) announced its earnings results on Friday, May, 3rd. The specialty retailer reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($1.20) by $1.08. The specialty retailer earned $119.31 million during the quarter.
When did Francesca's' stock split? How did Francesca's' stock split work?
Shares of Francesca's reverse split before market open on Tuesday, July 2nd 2019. The 1-12 reverse split was announced on Friday, June 28th 2019. The number of shares owned by shareholders was adjusted after the market closes on Monday, July 1st 2019.
What is Andrew Clarke's approval rating as Francesca's' CEO?
59 employees have rated Francesca's CEO Andrew Clarke on Glassdoor.com. Andrew Clarke has an approval rating of 54% among Francesca's' employees. This puts Andrew Clarke in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
Who are some of Francesca's' key competitors?
Some companies that are related to Francesca's include TJX Companies (TJX), Ross Stores (ROST), Gap (GPS), Foot Locker (FL), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Abercrombie & Fitch (ANF), Buckle (BKE), Guess? (GES), Zumiez (ZUMZ), Designer Brands (DBI), Genesco (GCO), Children's Place (PLCE), Shoe Carnival (SCVL) and Caleres (CAL). View all of FRAN's competitors..
What other stocks do shareholders of Francesca's own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Francesca's investors own include Intelsat (I), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), Chaarat Gold (CGH), Ciena (CIEN), Micron Technology (MU), Associated British Foods (ABF), American Eagle Outfitters (AEO) and First Data (FDC).
How much money does Francesca's make?
Francesca's has a market capitalization of $0.00 and generates $407.54 million in revenue each year.
