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Francesca’s Confirms 50% Sales Drop, But Stock Pops On Q2 Comp Sales Projections

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Francesca’s first-quarter earnings report remained in line with dismal expectations set in June, with sales dropping 50 percent sales in the quarter to $43.8 million. But the company now expects comparable sales for the second quarter, which ends Aug. 1, 2020, to take a much lesser hit, dipping between 11 percent and 16 percent. Francesca’s…

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