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Debt Financing / Related, Other Pre-Announcement, Bankruptcy / Related

Francesca’s Reports Q2 Fiscal Year 2020 Results

Published: 09/15/2020 12:56 GMT
(FRAN) - Francesca’s® Reports Second Quarter Fiscal Year 2020 Financial Results and Announces Exploration of Strategic Alternatives.
Q2 Loss per Share $5.80.
Q2 Sales Fell 29 Percent to $75.7 Million.
Q2 Same Store Sales Fell 5 Percent.
There is Substantial Doubt About Company's Ability to Continue As Going Concern.
Engaged Fti Capital Advisors to Assist With Management's Evaluation, Pursuit of Available Strategic Alternatives.
Alternatives Being Evaluated Include Raising Additional Capital Including Seeking Refinancing of Debt.
Alternatives Being Evaluated Include Restructuring Under Protection of Applicable Bankruptcy Laws.
Plans Are Not Yet Finalized.
Not Providing Quarterly and Annual Financial Guidance.
May Not Provide Financial Guidance in Any Future Earnings Release.