Francesca's Holdings Corp

Francesca's Holdings Corporation, through its subsidiaries, operates a chain of retail boutiques. It offers fashion apparel, jewelry, accessories, and gifts for women between the ages of 18 and 35. The company's apparel products comprise dresses, fashion tops, sweaters, cardigans and wraps, bottoms, outerwear and jackets, tees and tanks, and intimates; and jewelry includes necklaces, earrings, bracelets, and rings. Its accessories consist of handbags, clutches, wallets, shoes, belts, hats, scarves, sunglasses, watches, and hair accessories; and gifts include fragrances, candles, bath and body products, home accessories, books, wall art, nail polish, and miscellaneous items. As of December 11, 2018, the company operated approximately 738 boutiques in 47 states and the District of Columbia, as well as serves its customers through francescas.com. Francesca's Holdings Corporation was founded in 1999 and is headquartered in Houston, Texas.

Quelle: finviz.com






Aktueller Kurs: 0.73 $

Am Turnaround wird gearbeitet. Das ganze hat auch eine Chance, da die Schulden sehr gering sind.

- plans to close 30 to 40 stores in fiscal year 2019, which begins Feb. 3.
- Francesca's has identified 129 underperforming boutiques
- Within the next three years, 106 of those will reach the end of their leases or kick-out clauses, meaning Francesca’s will be able to vacate the space
- closing these boutiques at kick-out or lease-end is the best decision because closing them earlier will be costlier than their cumulative negative contribution margin over the term of the lease
- Francesca’s only plans to relocate or open about 10 new stores in 2019
- the 80 stores remodeled so far in 2018 have been performing well

- The company expects 2019 capital expenditures to be about $10 million, focusing on long-term e-commerce and IT strategies, compared to about $30 million for 2018
- e-commerce still represent only 10 percent of Francesca’s total sales

Quelle: https://www.bizjournals.com/houston/news...yptr=yahoo

Risk and opportunity
Risk:
The risk is clear with little room for error: closing of impaired stores, 14% year-over-year decline in its largest merchandise category apparel, a troubling quick ratio and a growing large short position. It also has a low $10 million cash balance with $50 million in accrued expense and negative cash flow.
Opportunity:
The current price discounts the operational and financial uncertainty. Francesca's is in an industry outperforming for historical profits and free cash flow. It is unlikely to disappear because of the soft mall traffic. The $38 million credit line, A/R from taxes, year-end inventory clearance, store closings and other changes give investors a possible asymmetric payoff.

Quelle: https://finance.yahoo.com/news/cheap-pri...15126.html

Francesca's' Recent Financial Performance

For the three months ended October 31st, 2018 vs October 31st, 2017, Francesca's reported revenue of $95.38MM vs $105.79MM (down 9.85%) and analysts estimated basic earnings per share -$0.47 vs $0.01. For the twelve months ended January 31st, 2018 vs January 31st, 2017, Francesca's reported revenue of $471.68MM vs $487.19MM (down 3.18%) and analysts estimated basic earnings per share $0.43 vs $1.09 (down 60.55%). Analysts expect earnings to be released on March 26th, 2019. The report will be for the fiscal period ending January 31st, 2019. The reported EPS for the same quarter last year was $0.20.

Quelle: https://finance.yahoo.com/news/detailed-...00381.html

HOUSTON, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (FRAN) today announced that it is exploring strategic alternatives and a change to senior management.
On January 31, 2019, Francesca’s Holding Corp. (the “Company”) announced that its Board of Directors has initiated a review of its strategic and financial alternatives to maximize value, including a potential sale of the Company, a financing or a refinancing. The Company has engaged Rothschild & Co and other advisors to assist in the process.
There can be no assurance that the exploration of strategic and financial alternatives will result in any transaction or other result that enhances value. The Company has not set a timetable for completion of the process, and it does not intend to comment further regarding the process unless a specific transaction or other alternative is approved by the Board of Directors, the process is concluded, or it is otherwise determined that further disclosure is appropriate or required by law.
The Company also announced that it expects that Michael Prendergast will be appointed as interim Chief Executive Officer subject to the finalization of an agreement with Alvarez & Marsal.  Mr. Prendergast will replace Steve Lawrence who has resigned from the Company to pursue other opportunities, effective February 1, 2019. 
Mr. Prendergast is a Senior Director in Alvarez & Marsal’s Private Equity Performance Improvement Retail practice. He brings over 20 years of leadership experience from the fashion and consumer products industries. 
Forward-Looking Statements
Certain statements in this release are "forward-looking statements" made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements reflect our current expectations or beliefs concerning future events and are subject to various risks and uncertainties that may cause actual results to differ materially from those that we expected. These risks and uncertainties include, but are not limited to, the following: the risk that our exploration of strategic or financial alternatives may not result in any transaction or alternative that enhances value, the risk that we may not be able to successfully integrate a new Chief Executive Officer and Mr. Prendergast is not appointed as interim Chief Executive Officer, the risk that we cannot anticipate, identify and respond quickly to changing fashion trends and customer preferences or changes in consumer environment, including changing expectations of service and experience in boutiques and online, and evolve our business model; our ability to attract a sufficient number of customers to our boutiques or sell sufficient quantities of our merchandise through our ecommerce website; our ability to successfully open, refresh, operate and close boutiques each year, as necessary, to ensure an appropriate brick and mortar footprint; our ability to efficiently source, distribute additional merchandise quantities necessary to support our growth; and the impact of potential tariff increases or new tariffs. For additional information regarding these and other risks and uncertainties that could cause actual results to differ materially from those contained in our forward-looking statements, please refer to "Risk Factors" in our Annual Report on Form 10-K for the year ended February 3, 2018 filed with the Securities and Exchange Commission (“SEC”) on March 28, 2018 and any risk factors contained in subsequent quarterly and annual reports we file with the SEC. We undertake no obligation to publicly update or revise any forward-looking statement.


https://finance.yahoo.com/news/francesca...00555.html

die haben keine schulden, sehe ich das richtig?

Würde ich auch so interpretieren 

die haben keine schulden, sehe ich das richtig?

Die freigewordenen Gelder vom FTD Trade habe ich zu 0,60 $ in FRAN investiert.
Wieder nichts für schwache Nerven und eine Pleite/Insolvenz ist nicht auszuschließen.

• [b]Fourth quarter net sales decreased 14% to $119.3 million and comparable sales decreased 14%[/b]
  
• [b]Fourth quarter diluted loss per share was $0.61[/b]
  
• [b]Fourth quarter adjusted diluted loss per share was $0.01 (see Non-GAAP Information below)[/b]
  
• [b]Company recorded a non-cash charge of $17.1 million associated with establishing a tax valuation allowance at fiscal 2018 year-end[/b]
  
• [b]Company recorded a non-cash asset impairment charges of $5.6 million in the fourth quarter[/b]
  Quelle:

https://finance.yahoo.com/news/francesca...00837.html

In the release, the company reported that fourth-quarter net sales decreased 14 percent to $119.3 million, while comparable sales also decreased 14 percent, as expected. However, net sales beat analysts' revenue expectations of $117.7 million, according to Yahoo Finance.
Francesca's reported a net loss of nearly $21.29 million for the fourth quarter, compared to net income of nearly $3.73 million for the same quarter a year earlier. The diluted loss per share was 61 cents for the quarter, but when excluding special items, the adjusted diluted loss per share was 1 cent — in line with analysts’ expectations, according to Yahoo Finance. A year earlier, Francesca's reported diluted earnings per share of 10 cents and adjusted diluted earnings per share of 20 cents.

For the full year, net sales decreased 9 percent to $428.1 million, including a 14 percent decrease in comparable sales. Francesca's reported a net loss of $40.9 million, or $1.18 diluted loss per share, for fiscal year 2018, compared to net income of $15.6 million, or $0.43 diluted earnings per share, in fiscal year 2017. Adjusted net loss for fiscal year 2018 was $9 million, or 26 cents adjusted diluted loss per share, compared to adjusted net income of $18.9 million, or 52 cents adjusted diluted earnings per share, a year earlier.

Quelle: https://www.bizjournals.com/houston/news...yptr=yahoo


Es wird also weiterhin versucht am Turnaround zu arbeiten.
Die Bilanz würde es hergeben.
Jetzt fehlt eigentlich nur noch mal eine gute News.
Kann aber bei FRAN dauern bis es dazu kommt.

vier Monate später kommt Bewegung rein.
Timing:

Ich bin gestern Abend kurz vor den Close mit ein paar Stücken Short gegangen.



Päda, du bist schon über 50% vorne?! Glückwunsch!!!