Francesca's Q4 profit doubles, on track to open 76 new stores in 2013
Houston -- Francesca's Holdings Corp. reported Tuesday that profit for the fourth quarter grew nearly 100% to $8.4 million, from $4.3 million in the year-ago period. Results handily beat Wall Street expectations.
Sales surged in the period almost 55% to $61.7 million, past Wall analysts’ estimated $57.6 million. Same-store sales increased 15%.
The retailer said it expects to open 76 new boutiques during fiscal year 2013.