NEW YORK, June 10, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports
highlighting Francesca's Holdings Corp. (NASDAQ: FRAN), JoS. A.
Bank Clothiers, Inc. (NASDAQ: JOSB), Ascena Retail Group Inc.
(NASDAQ: ASNA), Vera Bradley, Inc.
(NASDAQ: VRA), and rue21, inc. (NASDAQ: RUE). Today's readers may
access these reports free of charge - including full price targets,
industry analysis and analyst ratings - via the links below.
Francesca's Holdings Corp. Research
Report
On June 5, 2013, Francesca's
Holdings Corp. (Francesca's) reported its financial results for Q1
FY 2013 (period ended May 4, 2013).
The Company's net sales increased 28.8% YoY to $79 million. Net income was $10.9 million or $0.24 per diluted share, compared to net income
of $8.7 million or $0.20 per diluted share in Q1 FY 2012. Commenting
on the results, Neill Davis,
Francesca's Chief Executive Officer, said, "We delivered on our
earnings expectations as well as several strategic goals in the
first quarter. We opened 56 new boutiques increasing our market
presence to 416 boutiques, achieved record direct-to-consumer sales
now representing 2.1% of total Company sales for the quarter, and
successfully completed the rollout of our new point-of-sale system
in our boutiques. Our continued execution on key growth initiatives
combined with our differentiated business model and unique brand
experience position us well for long term growth." The Full
Research Report on Francesca's Holdings Corp. - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/bc7b_FRAN]
--
JoS. A. Bank Clothiers, Inc. Research
Report
On June 5, 2013, JoS A. Bank
Clothiers, Inc. (JoS. A. Bank Clothiers) reported its Q1 FY 2013
financial results (period ended May 4,
2013). Net income was down 45.5% YoY to $8.1 million. Diluted EPS was $0.29 per share, as compared with diluted EPS of
$0.53 in Q1 FY 2012. Total sales
decreased 2.6% YoY to $196.1 million.
Commenting on the results, R. Neal
Black, President and Chief Executive Officer of JoS. A. Bank
Clothiers, said, "While we were able to control our expenses and
improve our advertising efficiency in the quarter, our sales
declined 2.6%, primarily in April. In addition, our gross profit
margin was down primarily due to higher inventory sourcing costs
and lower average selling prices due mostly to an increased
percentage of sales of winter and other clearance products. Like
many other retailers, we were also affected by the unseasonably
cool weather which adversely impacted both our sales and gross
profit margin. On the positive side, our Direct Marketing business,
driven primarily by the Internet, continued to perform well, with
double-digit sales growth." The Full Research Report on JoS. A.
Bank Clothiers, Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge
at: [http://www.wsreports.com/r/full_research_report/3322_JOSB]
--
Ascena Retail Group Inc. Research
Report
On June 5, 2013, Ascena Retail
Group Inc. (Ascena) reported financial results for Q3 FY 2013
(period ended April 27, 2013). Net
sales increased 45.8% YoY to $1.1
billion, driven by the inclusion of the recently acquired
Lane Bryant and Catherine's
businesses, slightly offset by a total comparable store sales
decrease of 1% YoY. Net income was $0.19 per diluted share, compared to $0.31 per diluted share in Q3 FY 2012. For
full-year FY 2013, the Company expects adjusted EPS from continuing
operations in the range of $1.10 to
$1.15. The Full Research Report on Ascena Retail Group Inc.
- including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/5cf6_ASNA]
--
Vera
Bradley, Inc. Research Report
On June 5, 2013, Vera Bradley, Inc. (Vera
Bradley) announced its financial results for Q1 FY 2014
(period ended May 4, 2013). Net
revenues increased 4.9% YoY to $123
million. Net income was $9.2
million or $0.23 per diluted
share, compared to $12.6 million or
$0.31 per diluted share in Q1 FY
2013. Commenting on the results, Mike
Ray, Vera Bradley's Chief
Executive Officer, said, "We delivered on our expectations for the
first quarter. Net revenue slightly exceeded our guidance, with
comparable store sales growth of 0.9%, and indirect performance in
line with expectations, while gross margin was slightly ahead." For
full-year FY 2014, the Company expects revenues to be in the range
of $570 and $575 million. The Full Research Report on
Vera Bradley, Inc. - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/f08d_VRA]
--
rue21, inc. Research Report
On June 5, 2013, rue21, inc.
(rue21) announced its financial results for Q1 FY 2013 (period
ended May 4, 2013). Net sales
increased 9.1% YoY to $224.4 million.
Net income was $10.8 million or
$0.44 per diluted share, compared to
$11.6 million or $0.46 per diluted share in Q1 FY 2012. Commenting
on the results, Bob Fisch, rue21's
President and Chief Executive Officer, said, "Despite a challenging
environment which impacted our first quarter financial results, we
are proud to have achieved another 41 successful new store
openings, gross margin expansion of 120 basis points, and an
increase in gross profit. We also feel positive about the continued
progress we made this past quarter on our long term goals, which
include opening profitable new stores in underserved markets and
moving up the launch of our e-commerce site to the fourth quarter."
The Full Research Report on rue21, inc. - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wsreports.com/r/full_research_report/e310_RUE]
----
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SOURCE Wall Street Reports