Francesca's Lifts Q4 Revenue Outlook

(RTTNews) - Francesca's Holdings Corp. (FRAN) Thursday said it now expects sales for the fourth quarter ending January 31, 2015 to be between $103.0 million and $105.0 million, including a low-single-digit decrease in comparable sales.

This compares to previous guidance of sales between $96.0 million and $102.0 million, including a decrease of 5 to 10 percent in comparable sales.

Adjusted earnings per share for the quarter, excluding costs related to the firm's CEO transition, are expected to be in the range of $0.17 to $0.20 for the fourth quarter , compared to the company's previous guidance of $0.13 to $0.19.

The guidance was updated based on the francesca's holiday period sales performance and current expectations for the remainder of the quarter.

Mike Barnes, Chairman, President, and Chief Executive Officer commented, "...Our customers responded favorably to our broad assortment of seasonal and holiday product offerings, particularly in our giftable categories. For the remainder of the quarter, we plan to diligently move through excess inventory and clearance product, particularly in apparel."