Francesca's Holdings (NASDAQ: FRAN ) has increased its guidance for its current quarter, the fourth quarter of its fiscal year.
The clothing and accessories retailer said it now expects sales of $84.5 million to $85 million for the period, or 37% to 38% higher on a year-over-year basis. Net income is anticipated to come in at $13 million to $13.5 million, $0.29 to $0.30 per diluted share for a 45% to 50% YOY increase.
The company said it adjusted the guidance based on its robust sales over the holiday period. It quoted CEO Neill Davis as saying that "we are well positioned to deliver our growth objectives as we continue to execute our merchandising model, expand our boutique base, and further develop our e-commerce strategy."
Francesca's Holdings' fourth quarter closes on Feb. 2.