Francesca’s Holdings Q1 beats Street
New York -- Francesca's Holdings Corp.’s first-quarter performance surpassed expectations, helped by strong demand for its product. The chain’s earnings more than doubled to $8.7 million.
Net sales increased 48.6% to $61.3 million. Same-store sales rose 15.5%.
Company CEO De Meritt said: "Our fiscal year 2012 is off to a strong start as we continue to execute on our differentiated business model. We attribute our continued success to our highly effective broad and shallow merchandising strategy that enables a nimble response to changes in customer demand."
As of April 28, 2012, Francesca’s operated 327 stores in 43 states.