Francesca's Holdings Corporation announced consolidated unaudited earnings results for the third quarter and nine months ended November 3, 2018. For the quarter, the company reported net sales of USD 95,375,000 against USD 105,791,000 a year ago. Loss from operations was USD 23,060,000 against profit of USD 455,000 a year ago. Loss before income tax was USD 22,960,000 against profit of USD 434,000 a year ago. Net loss was USD 16,223,000 or USD 0.47 per diluted share against profit of USD 239,000 or USD 0.01 per diluted share a year ago.

For the nine months, the company reported net sales of USD 308,805,000 against USD 333,187,000 a year ago. Loss from operations was USD 26,750,000 against profit of USD 19,600,000 a year ago. Loss before income tax was USD 26,627,000 against profit of USD 19,546,000 a year ago. Net loss was USD 19,654,000 or USD 0.56 per diluted share against profit of USD 11,835,000 or USD 0.32 per diluted share a year ago.

For the quarter, the company recorded an asset impairment charges of USD 14,419,000.

The company provided earnings guidance for the fourth quarter and full year ending February 2, 2019. For the fourth quarter ending February 2, 2019, net sales are now expected to be in the range of USD 118 million to USD 124 million, assuming a 15% to 10% decrease in comparable sales. The Company expects a diluted loss per share in the range of USD 0.14 to USD 0.07 for the fourth quarter of 2018.

For the fiscal year ending February 2, 2019, net sales are now expected to be in the range of USD 427 million to USD 433 million, assuming a mid- to low-teens decrease in comparable sales compared to the prior year net sales of USD 471.7 million in the same period last year. Excluding the USD 0.29 per diluted share, net of tax, asset impairment charges recognized in the third quarter of 2018, adjusted diluted loss per share for fiscal year 2018 is expected to be in the range of USD 0.41 to USD 0.34.