It certainly did, but France had the world's second-largest navy until 1903-ish.
In 1893, Britain had as many (if not more) one-offs as France did. Many of the British ships were of various citadel varieties, which were a plausible idea prior to the introduction of high explosives such as melinite, which would probably cause the whole lot of these warship types to capsize relatively quickly. In addition to these technical issues with the British ships, France was relatively close in battleship numbers (~20 to ~15, depending on how you count certain older or smaller vessels) and had far better tactics (developed by Admiral Dupetit-Thouars) and technical training for its officers. The British plans to blockade the enemy just outside the port entrances would have been ridiculously hard to keep up without dedicated colliers, and would have exposed their heavy ships to attack by torpedo boats.
In 1898, France had added only 2-4 more battleships, while the British added the 7 battleships of the Naval Defense Act, and the 8 or 9 (can't remember which!) Majestic battleships, plus a couple 10,000 ton battleships that were very capable. They had also modernized a few of their old battleships, and had more and better QF guns than the French. The British plans now included seizing islands off of the French ports, using indirect blockade to minimize the already minimized (by QF guns and destroyers) TB threat, and a conquest of all of the French colonies, which could only contact France via British telegraph lines.
By 1902-3, had added a number of battleships roughly equivalent to the RN in the five intervening years since Fashoda. At the same time, all of France's much, much older battleships whose British contemporaries were worthless were re-armed with QF guns. French tactics experienced a revival and were even better than those of the Royal Navy than they had been before. Enough cruisers had finally been built to pose a threat to British commerce by driving shipping insurance to unsustainable levels.
Gustave Zede could well have been the one bright point in a Fashoda War if such an event had occurred.