Francesca's has repaid $2.0 million of borrowings under its amended ABL credit agreement with $12.1 million outstanding. The company was founded in 1999 and is headquartered in Houston, TX. The sales decline was due to COVID-19-related store closures, though e-commerce offset some of those losses. Francesca's stock has fallen more than 55% for the year to date while the S&P 500 index is up 0.3% for the period.Investing legend Whitney Tilson says there's a huge new tech trend coming – and he's revealing his #1 pick for free.Francesca's (FRAN) posted dismal fiscal first-quarter preliminary results with the top line deteriorating year over year due to coronavirus-led boutique closures.Discover new investment ideas by accessing unbiased, in-depth investment researchNasdaqGS - NasdaqGS Real Time Price. Get the latest Francesca's Holdings Corporatio (FRAN) stock news and headlines to help you in your trading and investing decisions. FRAN | Complete Francesca's Holdings Corp. stock news by MarketWatch. The financial pain for U.S. retailers is worsening beyond what retail executives and
Cash and cash equivalents are expected to be in the $10.0 million to $12.0 million range. The company has also substantially deferred or abated lease payments for April, May and June. analysts anticipated when the coronavirus began to spread, foreshadowing an unrelenting
The company expects to relaunch its e-commerce site in the fall. Chief Executive Andrew Clarke said about half of the company's furloughed workers have been recalled and the company will continue to reopen boutiques as local mandates are lifted. "Management continues to take aggressive and prudent actions to reduce expenses to preserve cash on hand." All reopened stores require customers to wear a face covering. For the first quarter, Francesca's reported a net loss of $15.3 million, or $5.25 per share, after a loss of $10.1 million, or $3.50 per share, last year. Cash and cash equivalents are expected to be in the $10.0 million to $12.0 million range. The sales decline was due to COVID-19-related store closures, though e-commerce offset some of those losses. Francesca's stock has fallen more than 55% for the year to date while the S&P 500 index is up 0.3% for the period.Francesca's Holdings Corp. shares rose 14% in premarket trade Thursday after the specialty retailer said it's seeing some bright spots after reopening 593 of its 703 boutiques as states lift restrictions on movement imposed during the coronavirus pandemic. For the first quarter, Francesca's reported a net loss of $15.3 million, or $5.25 per share, after a loss of $10.1 million, or $3.50 per share, last year. Francesca's has reopened 674 locations, most with reduced operating hours and reduced capacity. For the second quarter, Francesca's expects sales in the range of $67.0 million and $71.0 million.
pace of store closures and bankruptcies. Francesca's has repaid $2.0 million of borrowings under its amended ABL credit agreement with $12.1 million outstanding. Shares have fallen 65% in the year to date, while the S&P 500 has fallen 4%. Copyright © 2020 MarketWatch, Inc. All rights reserved. All reopened stores require customers to wear a face covering. There are no FactSet consensus numbers. The company expects to delay the filing of its 10-Q for the quarter. An iOS app is coming in the next few weeks with an Android app launching in the fall. Hertz sold $29 million in stock before SEC acted Last month, Francesca's raised doubts about its ability to continue as a going concern due to COVID-19. Long Ideas; IPO Analysis; Quick Picks and Lists; ... FRAN Follow 5.09K followers Francesca's Holdings Corporation ... Other News Sources. Twenty-two stores in California have re-closed due to the coronavirus.
Have Watchlists? Comparable store sales are expected to fall 11% to 16%. The company expects to relaunch its e-commerce site in the fall. Margins are expected to be under pressure as the company clears inventory, however "our priority remains to ensure that we maintain disciplined inventory levels," said Andrew Clarke, Francesca's chief executive, in a statement. Twenty-two stores in California have re-closed due to the coronavirus. Francesca's has reopened 674 locations, most with reduced operating hours and reduced capacity.
The company permanently closed eight stores during the quarter bringing the total to 703. Find the latest news headlines from Francesca's Holdings Corporation Common Stock (FRAN) at Nasdaq.com. Stock Ideas. Comparable store sales are expected to fall 11% to 16%. Francesca's Holdings Corp. engages in the operation of a nationwide-chain of boutiques, through its subsidiaries. Cash and equivalents total $18.7 million. Adjusted net losses per share totaled $9.73. By using this site you agree to the
An iOS app is coming in the next few weeks with an Android app launching in the fall. Shares of Francesca's Holdings Corp. soared 42.5% in Tuesday premarket trading after the women's clothing and accessories retailer gave a second-quarter sales outlook that improves on the first-quarter result. pace of store closures and bankruptcies. Francesca’s shares more than doubled on Thursday after the company announced the development of its first mobile e-commerce application.Francesca's rallies after buying more time with lendersFrancesca's (FRAN) posted dismal fiscal first-quarter preliminary results with the top line deteriorating year over year due to coronavirus-led boutique closures.Francesca’s Earnings: Why FRAN Stock Is Down 7% on Thursdayfrancesca's(R) Provides Business Update and Second Quarter Outlook; Reports Final First Quarter Fiscal Year 2020 Financial Resultsfrancesca's(R) Provides Business Update and Second Quarter Outlook; Reports Final First Quarter Fiscal Year 2020 Financial Resultsfrancesca's(R) Partners with Poq to Develop Mobile Applicationfrancesca's® Partners With Poq to Develop Mobile Applicationfrancesca's(R) Partners with Poq to Develop Mobile Applicationfrancesca's(R) Provides Update on COVID-19 Response and Reports Select Preliminary First Quarter Fiscal Year 2020 Financial Resultsfrancesca's(R) Provides Update on COVID-19 Response and Reports Select Preliminary First Quarter Fiscal Year 2020 Financial Resultsfrancesca's(R) Announces Reporting Date for Preliminary First Quarter Fiscal Year 2020 Financial Resultsfrancesca's(R) Announces Reporting Date for Preliminary First Quarter Fiscal Year 2020 Financial Results
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