Francesca’s Holdings Corp (NASDAQ:FRAN) stock was up on Wednesday after the company released its earnings report for the second quarter of 2016.
Francesca’s revenue for the second quarter of 2016 came in at $115.26 million. This is a 9% increase over the $106.03 million that the company reported during the same time last year. It also beat out the $108.98 million that Wall Street was expecting from the company.
FRAN reported earnings per share of 27 cents for the second quarter of 2016. The specialty retailer that operates a chain of boutiques reported earnings per share of 22 cents in the second quarter of 2015. Analysts were expecting the company to report earnings per share of 18 cents for the quarter.
Francesca’s said it was able to pull in more revenue in the second quarter of 2016 due to the opening of 44 new boutiques since the same time last year. It also noted that e-commerce sales increased 37% to $4.8 million. However, total comparable sales were flat when compared to the second quarter of 2015.
FRAN also pointed out that its selling, general and administrative expenses increased by 5% to $36.8 million from the same time last year. It attributed this to an increase in corporate and boutique payroll for its new locations. It also said that additional marketing and depreciation expenses added to the increase.
Francesca’s is expecting revenue to be between $114 million to $118 million for the third quarter of 2016. It’s also predicting earnings per share between 16 cents and 19 cents. Wall Street is currently looking for revenue of $109.73 million and earnings per share of 15 cents for that quarter.
For the full year of 2016, Francesca’s is expecting revenue between $473 million to $488 million and earnings per share ranging from 96 cents to $1.03. Analysts are estimating revenue of $466.96 million and earnings per share of 87 cents for the year.
FRAN stock was up 6% as of Wednesday morning.
