Francesca's Holdings Slightly Higher After Raising Q1 Guidance

Francesca's Holdings

is trading higher on the session after updating its guidance. The company raised its Q1 EPS guidance to $0.17-0.18 vs $0.14-0.15 prior guidance. Francesca's Holdings also announced it fired its CFO due to improper social media use. John De Meritt, President and Chief Executive Officer, stated, "As evidenced by today's sales and earnings update, Francesca's continues to perform well. We are confident in the trajectory of the Company and believe our merchandising strategy and differentiated shopping experience will help us to continue to deliver strong financial performance." Francesca's Holdings is currently trading at $24.34, a gain of $0.32 or 1.33%.