Francesca's Holdings Corporation announced consolidated earnings results for the second quarter and six months ended July 29, 2017. For the quarter, the company reported revenue of $119.707 million compared to $115.260 million a year ago. Gross profit was $55.395 million compared to $53.937 million a year ago. Income before income taxes was $11.848 million compared to $17.048 million a year ago. Net income attributable to the shareholders was $7.263 million or $0.20 per diluted share compared to $10.591 million or $0.27 per diluted share a year ago.

For the six months, the company reported revenue of $227.396 million compared to $221.373 million a year ago. Gross profit was $104.079 million compared to $103.067 million a year ago. Income before income taxes was $19.112 million compared to $28.403 million a year ago. Net income attributable to the shareholders was $11.596 million or $0.32 per diluted share compared to $17.672 million or $0.45 per diluted share a year ago. Net cash flow from operating activities were $8.454 million compared to $25.464 million a year ago. Purchase of property and equipment were $12.890 million compared to $11.149 million a year ago.

Company provided earnings guidance for the third quarter and fiscal year 2017. For the quarter, the company net sales are expected to be in the range of $105 million to $109 million; assuming a comparable sales decrease in the mid- to high-teens compared to a 7% comparable sales increase in the prior year. The Company plans to open approximately 32 new boutiques and close one existing boutique during the third quarter.  Diluted earnings per share are expected to be in the range of $0.00 to $0.05.  This guidance includes the Company's best estimate of the impact of Hurricane Harvey.

For the fiscal year ending February 3, 2018, net sales are now expected to be in the range of $481 million to $491 million; assuming a high-single digit decrease in comparable sales compared to the prior year increase of 2%. The Company expects to open approximately 60 to 65 boutiques and close approximately 8 to 10 boutiques in fiscal year 2017, compared to 64 new boutiques opened and nine boutiques closed in fiscal year 2016.  Diluted earnings per share are now expected to be in the range of $0.71 to $0.81 compared to the prior year of $1.09. The number of average diluted shares for the full year assumed in guidance is 36.5 million shares. The effective tax rate is estimated to be 38.3%. Capital expenditures for fiscal year 2017 are expected to be in the range of $30 million to $33 million.