Francesca’s Holdings Corp. shares have plummeted 17.3% in Friday premarket trading after the company issued a profit warning. The retailer said late Thursday that it now expects fourth-quarter sales in the range of $137 million to $139 million and a same-store sales decline of 15% to 17%. The previous guidance was for sales in the range of $145 million to $150 million and a same-store sales decline of 9% to 12%. The FactSet consensus is for sales of $139.6 million and a same-store sales decline of 13%. Fourth quarter earnings per share are expected to be in the range of 18-to-23 cents versus previous guidance in the range of 35-to-40 cents and the FactSet consensus of 25 cents. Full-year EPS is expected to be in the range of 50-to-55 cents, below the 57-cent FactSet consensus. Francesca’s stock is down 56.5% for the past year while the S&P 500 index is up 20.1% for the period.
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