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Francesca's Holdings: Announces Resignation Of Chief Financial Officer And Appointment Of Interim Chief Financial Officer

The following excerpt is from the company's SEC filing.


Announces Preliminary Fiscal Third Quarter Results

Expects Net Sales of Approximately $103.4 million, Comparable Sales Increase of 4%,

and Diluted Earnings Per Share of $0.15 to $0.16

– Francesca’s Holdings Corporation (the “Company”) today announced that its Chief Financial Officer, Mark Vendetti, has resigned from the Company effective December 4

, 2015 to accept a CFO position at another publicly traded company. Cindy Thomassee, francesca’s

current VP of Accounting, has been appointed to the role of Interim CFO and will r eport directly to CEO Michael W. Barnes while the Company conducts a search for a CFO.

Michael W. Barnes, Chairman, President, and CEO stated, "I would like to thank Mark for all of his efforts as our Chief Financial Officer over the last two and a half years. I am grateful for Mark’s time at francesca’s

and I wish him continued success in his new role. We appreciate Cindy stepping into the role of Interim CFO as we conduct a search for a permanent replacement.”

In addition, francesca’s

announced preliminary sales results and updated earnings per share guidance for the third quarter ending October 31, 2015. Net sales increased 19% to $103.4 million as compared to the third quarter last year with comparable sales up 4% for the period. The Company now expects diluted earnings per share to be in the range of $0.15 to $0.16 per diluted share compared to the Company’s previous guidance of $0.12 to $0.15 per diluted share. francesca’s

will report its third quarter results and provide its outlook for the fourth quarter on December 9, 2015, at 8:30 a.m. ET.

Michael W. Barnes, Chairman, President, and CEO stated, “We are pleased with our better...