Francesca’s Guides Q4 Sales Below Street

Francesca’s Holdings, a specialty retailer, said it expects Q4 net sales in the range of $144 million to $146 million, a narrower range than the previous between $143 million and $148 million, and short of the $146.6 million estimate from analysts polled by Capital IQ.

Earnings per share is expected to be in the range of $0.35 to $0.37 compared to the previous range between $0.33 and $0.37 and straddling the Street projection of $0.36.

The company’s revised guidance assumes a 1% decrease to a 1% increase in comparable sales. Fiscal year 2016 diluted earnings per share are now expected to be in the range of $1.05 to $1.07, below or in line with the Street projection of $1.07.

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