Wedbush Cuts Price Target on Francesca's (FRAN) Following 1Q and Guidance
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francesca’s® Reports First Quarter Fiscal Year 2016 Financial Results
June 9, 2016 7:30 AM EDTNet sales increased 12% to $106.1 millionComparable sales increased 2%, including an ecommerce comparable sales increase of 38%Diluted earnings per share was $0.18
HOUSTON, June 09, 2016 (GLOBE NEWSWIRE) -- Francescas Holdings Corporation (NASDAQ: FRAN) today reported financial results for the first quarter ended April 30, 2016.
Richard Kunes, Interim Chairman, President, and CEO stated, We delivered diluted earnings per share of $0.18, which was within our guidance range, despite lower than expected sales results particularly around Easter.
Commenting on the second quarter and full year 2016 outlook, Mr. Kunes noted that, We continue to see... More
