Francesca's (FRAN) Lowers Q4 Guidance
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francesca’s® Updates Fourth Quarter 2017 Guidance Based on Holiday Results
January 4, 2018 4:05 PM ESTHOUSTON, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Francescas Holdings Corporation (NASDAQ: FRAN) today announced that the Company has updated its guidance for the fourth quarter ending February 3, 2018. The updated guidance reflects holiday period sales performance and current expectations for the remainder of the quarter.
The Company now expects net sales for the fourth quarter ending February 3, 2018 in the range of $137 million to $139 million, assuming a 15% to 17% decrease in comparable sales. This compares to previous guidance of net sales in the range of $145 million to $150 million, assuming a 9% to 12% decrease in comparable sales.... More
