Advertisement

Menu

Francesca’s stock soars after Q2 results announcement

By Staff Correspondent |
Earnings Update by AlphaStreet

Shares of Francesca’s Holdings Corporation (NASDAQ: FRAN) jumped 91% in morning hours on Tuesday following the company’s second quarter 2019 earnings announcement.

Net sales dropped 6% year-over-year to $106 million due to a 5% decrease in comparable sales. The comp sales decline was driven by lower average unit retail prices related to deeper markdowns on legacy products. This decline was partially offset by higher boutique conversion rates and average units per transaction. 

The company reported net income of $1.8 million, or $0.61 per share, compared to $0.5 million, or $0.16 per share, in the year-ago period. Adjusted net income was $2.1 million, or $0.72 per share. 

retail stocks
(Image for representation only/Image Courtesy: Kai Pilger/Unsplash)

Gross profit, as a percent of net sales, decreased to 38.2% from 39% in the prior year quarter, driven by lower merchandise margins due to deeper markdowns on legacy products and deleveraging of occupancy costs as a result of lower sales.

SG&A expenses dropped 10% to $39.1 million. The company realized material savings during the quarter through a number of cost reduction initiatives it has been executing since the beginning of the year. 

Also read: Tailored Brands Q2 2019 Earnings Preview

During the quarter, Francesca’s opened one new boutique and closed five boutiques, bringing the total boutique count to 718 at the end of the period.  

At quarter-end, the company had $30.9 million of inventory on hand compared to $31.9 million in the same period last year. Average ending inventory per boutique was flat at $43,000 versus the prior-year period.

Last month, activist investor Cross River Management disclosed a 22% stake in Francesca’s and stated they were engaged with the board and management, according to a report by MarketWatch.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

219 responses to “Francesca’s stock soars after Q2 results announcement”

  1. Cosmetic dentistry

    […]although web-sites we backlink to beneath are considerably not associated to ours, we really feel they may be essentially really worth a go by, so possess a look[…]

  2. Political science

    […]very handful of internet sites that happen to be in depth beneath, from our point of view are undoubtedly nicely worth checking out[…]

  3. Semi-annual academic journal

    […]we like to honor numerous other world wide web websites on the web, even though they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  4. Maillot de football

    […]we like to honor a lot of other net web pages on the net, even if they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  5. Maillot de football

    […]we prefer to honor lots of other world wide web internet sites on the web, even if they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  6. Maillot de football

    […]we prefer to honor a lot of other web web pages around the internet, even when they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  7. fiverrearn.com

    […]very few internet websites that happen to be in depth below, from our point of view are undoubtedly properly really worth checking out[…]

  8. clima para hoy

    […]that would be the finish of this article. Here you will come across some web pages that we assume you’ll appreciate, just click the hyperlinks over[…]

  9. Silver stud earrings uk

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless really really worth taking a appear, whoa did 1 find out about Mid East has got additional problerms too […]

  10. future university

    […]although internet sites we backlink to below are considerably not connected to ours, we feel they’re in fact worth a go as a result of, so have a look[…]

  11. Lean

    […]we came across a cool internet site that you simply could possibly appreciate. Take a search when you want[…]

  12. Secure piano storage

    […]Wonderful story, reckoned we could combine some unrelated data, nonetheless actually worth taking a look, whoa did one discover about Mid East has got much more problerms too […]

  13. FUE

    […]although websites we backlink to below are considerably not associated to ours, we really feel they may be truly worth a go through, so possess a look[…]

  14. FUE

    […]Wonderful story, reckoned we could combine a few unrelated information, nonetheless seriously really worth taking a search, whoa did a single learn about Mid East has got additional problerms too […]

  15. Moving assistance

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless definitely worth taking a search, whoa did one particular study about Mid East has got far more problerms at the same time […]

  16. FiverrEarn

    […]Every after inside a while we decide on blogs that we study. Listed below are the most up-to-date sites that we opt for […]

  17. pupuk organik cair

    […]although sites we backlink to beneath are considerably not associated to ours, we really feel they are actually really worth a go by means of, so have a look[…]

  18. partners

    […]that will be the finish of this write-up. Right here you’ll come across some websites that we feel you will appreciate, just click the links over[…]

  19. Public Policy

    […]although sites we backlink to below are considerably not associated to ours, we feel they are really worth a go by, so possess a look[…]

  20. FiverrEarn

    […]that would be the finish of this write-up. Here you’ll find some internet sites that we believe you’ll enjoy, just click the hyperlinks over[…]

  21. FiverrEarn

    […]that could be the finish of this article. Here you’ll find some web sites that we consider you’ll enjoy, just click the links over[…]

  22. FiverrEarn

    […]very handful of internet sites that take place to be detailed below, from our point of view are undoubtedly properly really worth checking out[…]

  23. FiverrEarn

    […]just beneath, are quite a few entirely not associated web sites to ours, nevertheless, they are certainly really worth going over[…]

  24. FiverrEarn

    […]that would be the finish of this post. Here you’ll discover some internet sites that we think you will appreciate, just click the hyperlinks over[…]

  25. Kuliah Termurah

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless actually really worth taking a appear, whoa did 1 find out about Mid East has got more problerms as well […]

  26. FiverrEarn

    […]Every once in a although we opt for blogs that we read. Listed below are the most up-to-date web-sites that we pick […]

  27. frt trigger

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless seriously worth taking a appear, whoa did one particular discover about Mid East has got far more problerms also […]

  28. Juicios en materia fiscal

    […]we like to honor a lot of other world-wide-web web sites on the net, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  29. 늑대닷컴

    […]although internet sites we backlink to beneath are considerably not connected to ours, we really feel they may be really really worth a go by means of, so possess a look[…]

  30. allgame

    […]we came across a cool web page that you simply could get pleasure from. Take a appear in the event you want[…]

  31. หวย24

    […]that would be the finish of this post. Here you will obtain some internet sites that we consider you’ll value, just click the links over[…]

  32. Best skincare for acne

    […]that would be the end of this write-up. Here you’ll come across some internet sites that we feel you will enjoy, just click the hyperlinks over[…]

  33. cybersécurité

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless actually really worth taking a look, whoa did one particular discover about Mid East has got additional problerms also […]

  34. hotel in windham ny

    […]we like to honor a lot of other net web pages on the internet, even when they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  35. SaaS Attorney

    […]although web-sites we backlink to below are considerably not connected to ours, we really feel they may be in fact really worth a go by means of, so have a look[…]

  36. itsMasum.Com

    […]very few internet sites that happen to be detailed beneath, from our point of view are undoubtedly well worth checking out[…]

  37. itsMasum.Com

    […]just beneath, are many completely not related web pages to ours, on the other hand, they may be certainly really worth going over[…]

  38. ItMe.Xyz

    […]although sites we backlink to beneath are considerably not associated to ours, we really feel they’re in fact worth a go by, so possess a look[…]

  39. izcalli

    […]just beneath, are several absolutely not related web-sites to ours, even so, they may be surely worth going over[…]

  40. live video chat

    […]very couple of web sites that happen to be comprehensive beneath, from our point of view are undoubtedly nicely really worth checking out[…]

  41. live sex

    […]Every once inside a though we pick blogs that we study. Listed beneath are the newest websites that we choose […]

  42. floodle puppies for sale

    […]although internet sites we backlink to beneath are considerably not connected to ours, we feel they’re really really worth a go by, so possess a look[…]

  43. culiacan clima

    […]Every the moment in a although we pick blogs that we study. Listed below would be the most up-to-date websites that we pick […]

  44. free sex chat

    […]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless actually worth taking a search, whoa did a single understand about Mid East has got a lot more problerms too […]

  45. cheap video chat

    […]that may be the finish of this report. Here you will come across some internet sites that we feel you’ll appreciate, just click the links over[…]

  46. french pitbull

    […]although internet sites we backlink to beneath are considerably not associated to ours, we feel they are actually really worth a go by way of, so possess a look[…]

  47. 늑대닷컴

    […]check beneath, are some entirely unrelated internet sites to ours, even so, they are most trustworthy sources that we use[…]

  48. mexican candy store near me

    […]we prefer to honor many other online web pages around the internet, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  49. linh hoang

    […]check beneath, are some entirely unrelated websites to ours, having said that, they’re most trustworthy sources that we use[…]

  50. Dog Registry

    […]that will be the end of this write-up. Right here you’ll come across some internet sites that we feel you’ll appreciate, just click the links over[…]

  51. French Bulldog Adoption

    […]we prefer to honor a lot of other net web sites around the net, even when they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  52. mexican candy wholesale

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless genuinely worth taking a look, whoa did a single discover about Mid East has got extra problerms as well […]

  53. blue french bulldog price

    […]although internet websites we backlink to below are considerably not related to ours, we feel they are actually worth a go by way of, so possess a look[…]

Top