Francesca's Holdings Corp. (FRAN) reported net income for the fourth quarter of $14.9 million or $0.33 per share compared to $8.4 million, or $0.19 per share last year.
On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.
Net sales increased 40.6% to $86.70 million from $61.65 million in the comparable quarter last year, while 13 analysts expected revenue of $84.92 million for the quarter.
Francesca's expects first-quarter earnings per share to be in the range of $0.25 to $0.26 and net sales to be between $79.5 million and $80.5 million assuming a 4%-5% comparable boutique sales increase on top of the prior year increase of 15.5% and the opening of approximately 50 additional new boutiques. Analysts expect the company to report fourth-quarter profit per share of $0.26 on revenue of $78.36 million.
For the full fiscal year ending February 1, 2014, earnings per share are expected to be in the range of $1.27 to $1.30 and increase of 23.3% to 26.2% over the 52-week prior year adjusted diluted earnings per share. Net sales are expected to be in the range of $365.0 million to $370.0 million assuming a 4% to 5% comparable boutique sales increase and the opening of 80 new boutiques. Analysts expect the company to report fiscal 2012 profit per share of $1.27 on revenue of $370.90 million.
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