Francesca's Q2 Profit Increases; Raises Full Year Outlook - Quick Facts

(RTTNews) - Francesca's Holdings Corp. (FRAN) reported that its second-quarter earnings per share increased to $0.27 from $0.22 in the same period last year. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.18 for the quarter. Analysts' estimates typically exclude special items.

Second-quarter net sales increased 9% to $115.3 million from $106.0 million in the comparable prior year period. Total comparable sales were flat compared to the same period last year as the increase in transactions offset the decrease in average transaction value. Analysts expected revenue of $108.98 million for the quarter.

For the third quarter ending October 29, 2016, net sales are expected to be in the range of $114 million to $118 million; assuming a mid-single digit increase in comparable sales. Earnings per share are expected to be in the range of $0.16 to $0.19. Analysts expect the company to report profit per share of $0.15 on revenue of $109.73 million.

For the full year ending January 28, 2017, the company now expects net sales to be in the range of $473 million to $488 million; assuming a low-single digit decrease to a low single-digit increase in comparable sales. Earnings per share are now expected to be in the range of $0.96 to $1.03, which includes a $0.03 per share benefit associated with the previously announced resignation of CEO. Analysts expect the company to report profit per share of $0.87 on revenue of $466.96 million.