This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Retailer Francesca's Quarterly Results Hurt by Harsh Winter Weather

NEW YORK (TheStreet) -- Shares of Francesca's Holdings are falling after the retailer blamed harsh winter weather for a 29% drop in fiscal fourth-quarter earnings. 


Francesca's Holdings (FRAN) reported fiscal fourth-quarter earnings that fell 29% -- and the clothing and accessories retailer is blaming it on the harsh winter weather.

Francesca's reported adjusted earnings of 27 cents a share, missing analyst estimates by a penny, according to Thomson Reuters.  The company's comparable-store sales fell 6%, and markdowns and promotions also contributed to lower margins.

CEO Neill Davis attributed the weaker-than-expected results to stores forced to close  in January due to the extreme winter conditions.  Davis said the negative trends have continued into the current quarter, hampering the retailer's ability to clear out fall and winter merchandise.  He said the company's quarterly outlook reflects its expectation that customer traffic will remain soft through the quarter.

For the current quarter, Francesca's forecasts earnings of 20 cents to 24 cents a share, falling short of analyst expectations of profit of 28 cents a share, according to Thomson Reuters.

At last check, shares of Francesca's were falling 10.5% to $18.67.

In New York, I'm Brittany Umar for TheStreet.

-- Written by Brittany Umar in New York.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.70 -0.58%
FB $119.32 1.30%
GOOG $710.45 1.30%
TSLA $215.37 1.80%
YHOO $37.22 0.76%


Chart of I:DJI
DOW 17,731.83 +71.12 0.40%
S&P 500 2,055.95 +5.32 0.26%
NASDAQ 4,727.7490 +10.6550 0.23%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs