Francesca's Holdings has increased its guidance for its current quarter, the fourth quarter of its fiscal year.
The clothing and accessories retailer said it now expects sales of $84.5 million to $85 million for the period, or 37% to 38% higher on a year-over-year basis. Net income is anticipated to come in at $13 million to $13.5 million, $0.29 to $0.30 per diluted share for a 45% to 50% YOY increase.
The company said it adjusted the guidance based on its robust sales over the holiday period. It quoted CEO Neill Davis as saying that "we are well positioned to deliver our growth objectives as we continue to execute our merchandising model, expand our boutique base, and further develop our e-commerce strategy."
Francesca's Holdings' fourth quarter closes on Feb. 2.
The article Francesca's Holdings Lifts Q4 Guidance originally appeared on Fool.com.Eric Volkman has no position in Francesca's Holdings. The Motley Fool has no position in Francesca's Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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