Francesca's Lifts Q4 Outlook - Quick Facts

(RTTNews) - Francesca's Holdings Corp. (FRAN) said that it raised its guidance for the fourth quarter ending January 30, 2016 based on its holiday period sales performance and current expectations for the remainder of the quarter.

Mike Barnes, Chairman, President, and Chief Executive Officer said, ".As we enter fiscal 2016, we believe we are well-positioned to deliver healthy sales and earnings growth as we continue to improve and execute the 'francesca's Vision 2020' strategic plan. The entire management team is very excited about the opportunities ahead of us."

In the pre-market trade, FRAN is currently trading $18.62, up $0.62 or 3.44%.

The Company now expects net sales for the fourth quarter ending January 30, 2016 to be between $130.0 million and $133.0 million, including an expected high-single digit increase in comparable sales. This compared to the previous guidance of net sales between $127.0 million and $130.0 million, including an expected mid-single digit increase in comparable sales.

Earnings per share for the quarter are now expected to be in the range of $0.32 to $0.34 compared to the Company's previous guidance range of $0.31 to $0.33.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.32 per share and revenues of $129.01 million for the fourth-quarter. Analysts' estimates typically exclude special items.