Since opening its first store in 1999, Francesca's Collections has become one of the fastest-growing women's fashion retailers in the country. This publicly held company, with locations in over 41 states, provides its shoppers with an eclectic, carefully chosen assortment of treasured items. Francesca's provides this unique shopping experience to our patrons by taking its inspiration from travelers who search the world for beautiful luxuries and gifts to bring to their friends and family.

When shoppers visit Francesca's they will find that each boutique is a treasure chest overflowing with gifts, apparel, home accessories, and jewelry that reflect the most fashionable styles and desired items from all over the world.



Francesca's Holdings Corporation Reports Financial Results for the Fiscal Second Quarter Ended July 30, 2011

Net Sales Increased 47% to $51.2 million

Income from Operations Increased 30% to $12.6 million

Francesca's Holdings Corporation (Nasdaq:FRAN) announced financial results for the fiscal second quarter and year-to-date period ended July 30, 2011.

John De Meritt, President and CEO stated: "We are very pleased to have delivered strong sales and operating income growth for the second quarter, our first reporting period as a public company. Our sales performance was driven primarily by 82 new locations since the second quarter of last year. Our new boutiques are highly productive with strong cash-on-cash returns within the first year. We attribute our success to the ability to deliver a differentiated shopping experience in a unique setting with an eclectic assortment of merchandise at a compelling value. We believe these attributes will enable us to continue to deliver strong sales and earnings growth and drive increased stockholder value over the long term."

For the fiscal second quarter ended July 30, 2011:

Net sales increased 47.2% to $51.2 million from $34.8 million in the same prior year period.
Comparable boutique sales increased by 5.4% following an increase of 11.2% in the same prior year period.

For the year-to-date period ended July 30, 2011:

Net sales increased 53.6% to $92.5 million from $60.2 million in the same prior year period. Comparable boutique sales increased 9.5% following a 12.7% increase in the same prior year period.
Gross margin was 52.6% compared to 52.2% in the prior year period.

Balance Sheet highlights as of July 30, 2011:

Cash and cash equivalents were $13.4 million.

Inventories were $13.8 million compared to $10.0 million at the end the same prior year period. Inventory per boutique was approximately even with inventory per boutique at the end of the same prior year period.

In connection with the initial public offering, the Company entered into a new five-year revolving credit facility in the aggregate amount of $65.0 million. Borrowings under the new facility were $41.0 million.

More about FRAN at www.francescascollections.com.

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