Home / Knowledge / News / Apparel/Garments / Francesca's Holdings Q2 FY'13 sales surge 17%
Francesca's Holdings Q2 FY'13 sales surge 17%
Sep '13
Francesca's Holdings Corporation reported net income of $14.6 million or $0.33 per diluted share for the second quarter of 2013, compared to net income for the second quarter of 2012 of $12.7 million, or $0.28 per diluted share.

The Company also announced the board of directors authorized a $100 million share repurchase program.


- Net sales increased 17% to $89.6 million
- Comparable sales decreased 1%
- Diluted earnings per share increased 18% to $0.33
- Board authorized a $100 million share repurchase program


Net sales for the thirteen weeks increased 17% to $89.6 million driven by 79 new boutique openings since the prior year quarter. Performance was strongest in jewelry, outpacing increases in accessories and apparel, and a decline in gifts.  

Comparable sales, including direct-to-consumer sales, decreased 1%, as compared to a 21% increase in the prior year quarter. Comparable transactions decreased 4%, offset by a 3% increase in average transaction size.

Direct-to-consumer sales increased 92% versus the prior year quarter driven by increases in site traffic, conversion rates, and average transaction values. Comparable sales, excluding direct-to-consumer sales, decreased 3% versus the prior year quarter.

Gross profit, as a percentage of net sales, was 53.3% compared to 54.8% in the prior year quarter, resulting from lower merchandise margins due to higher levels of promotions compared to the prior year quarter and deleveraging of fixed occupancy costs.

Selling, general and administrative expenses increased 13% to $23.7 million from $20.9 million in the prior year quarter. Selling expenses increased by $2.7 million due to the increase in the number of boutiques in operation in the second quarter as compared to prior year quarter.

General and administrative expenses were flat when compared to the prior year. As a percentage of net sales, selling, general and administrative expense decreased 100 basis points to 26.4% compared to 27.4% in the prior year quarter. 

Income from operations for the quarter increased 15% to $24.1 million or 26.9% of net sales compared to $20.9 million or 27.3% of net sales in the prior year quarter.


Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search