francesca ’s ® Reports a 15% Net Sales and a 7% Comparable Sales Increase for the Third Quarter 2016 and Increases Full Year Guidance
Diluted earnings per share were $0.26 for the third quarter compared to $0.16 last year, a 63% increase
Company raises fiscal 2016 sales and diluted earnings per share outlook to $1.03 to $1.07
HOUSTON, Dec. 06, 2016 -- Francesca’s Holdings Corporation (NASDAQ:FRAN) today reported financial results for the third quarter ended October 29, 2016.
Steve Lawrence, President and CEO stated, “We are very pleased with our third quarter results, as we achieved double digit growth in sales and EPS exceeded our expectations. Our strong performance was the result of a 7% comparable sales increase as well as better than expected gross profit margin and operating margin. We had a good start to the quarter with a successful back-to-school season and the strong trends continued in September and October as our merchandise and boutique experience resonated well with our guests. Looking ahead, we will continue to execute on our strategic initiatives and believe we are well-positioned for a successful holiday season and beyond.”
- Published: 06 December 2016
- Written by Editor