May 27, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Francescas Holdings Corp (NASDAQ:FRAN) shares over potential securities laws violations in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Francescas Holdings Corp (NASDAQ:FRAN) concerning whether a series of statements regarding Francesca's Holdings business, its prospects and its operations were materially false and misleading at the time they were made.

On March 23, 2016, Francesca's Holdings Corp reported its fourth quarter and fiscal year 2015 financial results. Francesca's Holdings Corp reported that its Total Revenue rose from $377.50 million for the 52 weeks period that ended on January 31, 2015 to $439.38 million for the 52 weeks period that ended on January 30, 2016 and that its Net Income for those respective Time periods increased from $32.11 million to $38.15 million.

Shares of Francesca's Holdings Corp (NASDAQ:FRAN) grew from $10.24 per share in August 2015 to as high as $19.63 per share in April 2016.

On May 17, 2016, Francesca's Holdings Corporation (NASDAQ:FRAN) today announced that its Chairman, President and CEO, Michael W. Barnes has resigned for personal reasons effective immediately.

Shares of Francesca's Holdings Corp (NASDAQ:FRAN) declined to as low as $10.20 per share on May 17, 2016.