Francesca’s Holdings Corp (NASDAQ: FRAN) is running for the top in the market this morning, trading on gins in multiples. The gains come after the comapny reported its results for the first quarter, provided a business update, and set the stage for a strong second quarter.
While revenues were down 50% in the first quarter, due to the COVID-19 pandemic, there’s a very bright silver lining around the dark cloud. Here’s what you need to know:
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FRAN Stock Runs For The Top On Business Update
As mentioned above, the first quarter of 2020 wasn’t a great one for Francesca’s Holdings with sales down around 50%. However, there’s clear skies ahead, according to the business update provided by the company this morning.