Francesca's (FRAN) Tops Q4 EPS by 1c; Approves Additional $100M Common Stock Buyback

Francesca's (NASDAQ: FRAN) reported Q4 EPS of $0.35, $0.01 better than the analyst estimate of $0.34. Revenue for the quarter came in at $134.6 million versus the consensus estimate of $132.03 million.

Fourth quarter comparable sales increased 11%

The Company’s Board of Directors has authorized an additional $100 million share repurchase program to commence immediately. This authorization has no expiration date. This authorization is in addition to the Company’s previously authorized $100 million share repurchase program (the “Previous Plan”). As of March 18, 2016, the approximate dollar value of shares that may yet be purchased under the Previous Plan is approximately $5.7 million.

The specific timing and amount of the repurchases will be dependent on market conditions, securities law limitations and other factors. In connection with the repurchase program, the Company plans to conduct open market purchases, adopt one or more plans pursuant to the provisions of Rule 10b5-1, and such other strategies as would be appropriate under the circumstances, consistent with the Securities and Exchange Act of 1934.

GUIDANCE:

Francesca's sees Q1 2016 EPS of $0.17-$0.20, versus the consensus of $0.21. Francesca's sees Q1 2016 revenue of $108-112 million, versus the consensus of $108.0 million.

Francesca's sees FY2016 EPS of $0.93-$1.03, versus the consensus of $1.03. Francesca's sees FY2016 revenue of $474-494 million, versus the consensus of $488.5 million.

For earnings history and earnings-related data on Francesca's (FRAN) click here.

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