- On December 3, 2020, Francesca's declared voluntary Chapter 11 of the United States Bankruptcy Code in the United States District Court for the District of Delaware.
- On January 21, 2021, Francesca's won court approval to sell its assets out of bankruptcy to TerraMar Capital and Tiger Capital Management, who would plan on keeping up to 275 stores open and keep the management team and employees intact.
HOUSTON (AP) _ Francesca's Holdings Corp. (FRAN) on Tuesday reported a fiscal third-quarter loss of $16.2 million, after reporting a profit in the same period a year earlier.
The Houston-based company said it had a loss of 47 cents per share. Losses, adjusted for asset impairment costs, were 17 cents per share.
The clothing retailer posted revenue of $95.4 million in the period.
For the current quarter ending in January, Francesca's Holdings said it expects revenue in the range of $118 million to $124 million. Analysts surveyed by Zacks had expected revenue of $135.6 million.
The company expects full-year results to range from a loss of 41 cents per share to a loss of 34 cents per share, with revenue ranging from $427 million to $433 million.
The company's shares closed at $1.80. A year ago, they were trading at $6.15.
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