Earlier Tuesday morning, Francesca's Holdings Corp (NASDAQ: FRAN) announced the departure of its Chairman, CEO and President, Michael W. Barnes. The resignation is effective immediately, with personal reasons cited as the cause. The company has named the former Lead Director, Richard W. Kunes, the interim Chairman, President and CEO, while a search for a successor is already underway.
Accompanying this news, Francesca's announced some preliminary first-quarter results. The company sees comp sales increasing 2 percent year-over-year, with preliminary EPS estimated at $0.17 vs. an average analyst estimate of $0.20.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Francesca's reports results and will hold the related earnings call on June 9.
Francesca's shares were down more than 29 percent at $10.49 Tuesday morning.