Shares of Francesca's (FRAN) ended the week with losses of over 8%. The operator of retail boutiques reported its third quarter results on Wednesday before the market open.
Third Quarter Results
Francesca's reported third quarter revenues of $72.0 million, up 44% on the year before. Growth was driven by a 16.7% increase in comparable store sales, with the remainder of sales being driven by 76 new store openings compared to the third quarter last year. Revenues were in line with consensus estimates of $71.2 million.
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