=Francesca's (FRAN) reported earnings on Tue 5 June 2018 (b/o)

Francesca's reports EPS in-line, misses on revs; guides Q2 EPS below consensus, revs in-line; reaffirms FY19 EPS guidance, revs guidance; Q1 comps -16%

• Reports Q1 (Apr) loss of $0.11 per share, excluding non-recurring items, in-linewith the Capital IQ Consensus of ($0.11); revenues fell 6.8% year/year to $100.4 mln vs the $101.48 mln Capital IQ Consensus. Q1 comps -16% (guided comps -13-15%)
• Co issues guidance for Q2, sees EPS of $0.02-0.05, excluding non-recurring items, vs. $0.21 Capital IQ Consensus Estimate; sees Q2 revs of $119-122 mln vs. $120.78 mln Capital IQ Consensus Estimate.  Co's Q2 guidance assumes a 6-9% decrease in comps
• Co reaffirms guidance for FY19, sees EPS of $0.53-0.63, excluding non-recurring items, vs. $0.56 Capital IQ Consensus Estimate; sees FY19 revs of $485-499 mln vs. $490.32 mln Capital IQ Consensus Estimate. FY19 guidance assumes a low-single digit decrease in comparable sales (reaffirmed from prior guidance)compared to the prior year decrease of 11%. Capital expenditures for fiscal year 2018 are still expected to be approximately $30 million. The Company still expects to open approximately 35 boutiques, close approximately 20 boutiques and refresh 80 to 90 boutiques in fiscal year 2018.