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Chico's FAS Inc (CHS.N)

CHS.N on New York Stock Exchange

1.63USD
4 Dec 2020
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Latest Key Developments (Source: Significant Developments)

Chico's Fas Inc Reports Third Quarter Results
Tuesday, 24 Nov 2020 

Nov 24 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. REPORTS THIRD QUARTER RESULTS.Q3 LOSS PER SHARE $0.48.Q3 EARNINGS PER SHARE ESTIMATE $-0.15 -- REFINITIV IBES DATA.Q3 SALES $351.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF $375 MILLION.QTRLY GROSS MARGIN EXPANDED 740 BASIS POINTS FROM Q2.ON TRACK TO REALIZE SG&A EXPENSE SAVINGS OF 23% COMPARED TO ORIGINAL PLAN FOR YEAR.NOT PROVIDING FISCAL 2020 Q4 GUIDANCE AT THIS TIME.  Full Article

Chico's Fas- Closing Of Its Amended And Extended $300 Mln Senior Secured Credit Facility
Monday, 2 Nov 2020 

Nov 2 (Reuters) - Chico's FAS Inc ::CHICO'S FAS INC - CLOSING OF ITS AMENDED AND EXTENDED $300 MILLION SENIOR SECURED CREDIT FACILITY.CHICO'S FAS INC - REVOLVER AND FILO HAVE A FIVE-YEAR TERM MATURING ON OCTOBER 30, 2025..CHICO'S FAS INC - AMENDED AND EXTENDED CREDIT FACILITY REPLACES PRIOR $200 MILLION CREDIT FACILITY.CHICO'S FAS INC - EXPECTS TO CONTINUE BENEFITTING FROM COST REDUCTION ACTIONS.  Full Article

Chico's Fas Inc Reports Q2 Loss Per Share $0.40
Wednesday, 26 Aug 2020 

Aug 26 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. REPORTS SECOND QUARTER RESULTS.Q2 LOSS PER SHARE $0.40.Q2 SALES $306.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $346.2 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $-0.26 -- REFINITIV IBES DATA.$124.5 MILLION IN CASH AND CASH EQUIVALENTS AT QUARTER END.NOT PROVIDING COMPARABLE SALES FIGURES FOR THIRTEEN AND TWENTY-SIX WEEKS ENDED AUGUST 1, 2020.RECOGNIZED SIGNIFICANT INVENTORY WRITE-OFFS AND IMPAIRMENT CHARGES IN QUARTER DUE TO, HOWEVER, IMPACT WAS PARTIALLY MITIGATED.NOT PROVIDING FISCAL 2020 THIRD-QUARTER OR FULL-YEAR GUIDANCE AT THIS TIME.QTRLY NET SALES REFLECT BENEFIT OF STRONG DIGITAL SALES AND STORE REOPENINGS.COMPARED TO Q1, OUR Q2 DIGITAL AND STORE SALES TRENDS IMPROVED 9.2%.Q2 NET LOSS INCLUDES AFTER-TAX IMPACT OF INVENTORY WRITE-OFFS OF $8.0 MILLION, OR $0.07 PER SHARE.CHICO'S FAS - CONFIDENT THAT CO CURRENTLY HAS SUFFICIENT LIQUIDITY TO REPAY ITS OBLIGATIONS AS THEY BECOME DUE FOR FORESEEABLE FUTURE.  Full Article

Chico's FAS Says Chico's FAS Canada Filed For Bankruptcy
Friday, 31 Jul 2020 

July 31 (Reuters) - Chico's FAS Inc ::CHICO'S FAS INC - ON JULY 30, CHICO'S FAS CANADA FILED FOR BANKRUPTCY.CHICO'S FAS INC - EXPECTS TO RECORD ON NET BASIS NON-MATERIAL CHARGE TO 2020 RESULTS IN CONNECTION WITH BANKRUPTCY OF UNIT.  Full Article

Chico's FAS Q1 Loss Per Share $1.55
Wednesday, 10 Jun 2020 

June 10 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. REPORTS FIRST QUARTER RESULTS.Q1 LOSS PER SHARE $1.55.Q1 EARNINGS PER SHARE ESTIMATE $-0.25 -- REFINITIV IBES DATA.Q1 SALES $280.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $324.6 MILLION.63% OF STORES NOW OPEN; 80% OF FLEET OPEN BY JUNE 12.DOUBLE-DIGIT INCREASE IN DIGITAL SALES DURING APRIL CLOSURE PERIOD.SUSPENDED QUARTERLY DIVIDEND BEGINNING IN Q2.CHICO'S FAS - AS PART OF REOPENING PLAN, IS OFFERING CUSTOMERS BUY ON-LINE, PICK-UP IN-STORE WITH CONTACTLESS CURBSIDE PICKUP & SHOP-BY-APPOINTMENT.Q2 SALES ARE PLANNED TO BE BETTER THAN Q1.Q1 RESULTS WERE SIGNIFICANTLY IMPACTED BY COVID-19 PANDEMIC AND INCLUDED SIGNIFICANT AFTER-TAX CHARGES TOTALING $134.8 MILLION.CHICO'S FAS - REMAINS CONFIDENT IT CURRENTLY HAS SUFFICIENT LIQUIDITY TO REPAY OBLIGATIONS AS THEY BECOME DUE FOR FORESEEABLE FUTURE.NOT PROVIDING UPDATED FISCAL 2020 GUIDANCE AT THIS TIME.CHICO'S FAS - DOES NOT CURRENTLY EXPECT SIGNIFICANT INVENTORY WRITE-OFFS OVER REMAINING 3 QTRS OF FISCAL 2020.CHICO'S FAS - ANTICIPATE CLOSING ABOUT 50 TO 60 STORES PERMANENTLY OVER REMAINDER OF FISCAL 2020.  Full Article

Chico's FAS Inc Announces Q1 Sales And Earnings Conference Call
Wednesday, 27 May 2020 

May 26 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. ANNOUNCES FIRST QUARTER SALES AND EARNINGS CONFERENCE CALL.  Full Article

Chico's FAS Provides An Update On Covid-19
Tuesday, 17 Mar 2020 

March 17 (Reuters) - Chico's FAS Inc ::CHICO'S FAS PROVIDES AN UPDATE ON COVID-19.CHICO'S FAS INC - ANNOUNCED TEMPORARY IMMEDIATE CLOSURE OF ALL RETAIL STORES ACROSS NORTH AMERICA FOR NEXT TWO WEEKS.CHICO'S FAS INC - WITHDRAWING ITS GUIDANCE ISSUED IN ITS Q4 EARNINGS RELEASE FILED ON FEBRUARY 27, 2020.CHICO'S FAS INC - DURING TEMPORARY STORE CLOSURE, FULL-TIME & PART-TIME ASSOCIATES WILL RECEIVE THEIR FULL PAY DURING TWO-WEEK CLOSURE PERIOD.CHICO'S FAS INC - COMPANY IS NOT PROVIDING UPDATED GUIDANCE AT THIS TIME.  Full Article

Chico's Fas Q4 Adjusted Loss Per Share $0.03
Thursday, 27 Feb 2020 

Feb 27 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2019 RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.03.Q4 SALES $527.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF $524.7 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.06 -- REFINITIV IBES DATA.Q4 GAAP LOSS PER SHARE $0.04.OUTLOOK FOR Q1M FY 2020 EXCLUDES POTENTIAL IMPACT RELATED TO CORONAVIRUS.ANTICIPATES A LOW SINGLE-DIGIT INCREASE IN Q1 TOTAL NET SALES, CONSOLIDATED COMPARABLE SALES.EXPECTS Q1 GROSS MARGIN AS A PERCENT OF NET SALES TO INCREASE APPROXIMATELY 20 TO 40 BASIS POINTS.ANTICIPATES LOW SINGLE-DIGIT INCREASE IN 2020 TOTAL NET SALES AND CONSOLIDATED COMPARABLE SALES.CHICO'S FAS - EXPECTS 2020 GROSS MARGIN AS PERCENT OF NET SALES TO INCREASE ABOUT 50-100 BASIS POINTS.2020 CAPITAL AND CLOUD-BASED EXPENDITURES EXPECTED TO BE $45-$50 MILLION.  Full Article

Chico's Fas Appointed David M. Oliver As Interim CFO & Interim Principal Financial Officer Of Company, Effective Immediately
Friday, 14 Feb 2020 

Feb 13 (Reuters) - Chico's FAS Inc ::CHICO'S FAS INC - APPOINTED DAVID M. OLIVER AS INTERIM CFO & INTERIM PRINCIPAL FINANCIAL OFFICER OF COMPANY, EFFECTIVE IMMEDIATELY.CHICO'S FAS - EFFECTIVE FEBRUARY 10, JENNIFER L. ELLIS, RELINQUISHED HER ROLE AS INTERIM CFO & INTERIM PRINCIPAL FINANCIAL OFFICER OF CO.  Full Article

Chico's FAS Raises Q4 2019 Outlook, Announces CFO Transition
Thursday, 9 Jan 2020 

Jan 8 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. RAISES FISCAL 2019 FOURTH QUARTER OUTLOOK TO REFLECT CONTINUED IMPROVEMENT IN BUSINESS.CHICO'S FAS INC - ANNOUNCES CFO TRANSITION.CHICO'S FAS INC - CFO TODD VOGENSEN HAS RESIGNED, EFFECTIVE JANUARY 17, 2020, TO ACCEPT A CFO POSITION WITH ANOTHER COMPANY.CHICO'S FAS INC - JENNIFER ELLIS APPOINTED INTERIM CFO, EFFECTIVE FEBRUARY 3, 2020.CHICO'S FAS - ANTICIPATES Q4 TOTAL NET SALES AND CONSOLIDATED COMPARABLE SALES TO BE APPROXIMATELY FLAT.CHICO'S FAS - EXPERIENCING CONTINUED COMPARABLE SALES IMPROVEMENT ACROSS ALL THREE BRANDS FOR FIRST TIME IN SEVERAL YEARS.CHICO'S FAS INC - EXPECTS Q4 2019 ADJUSTED GROSS MARGIN AS A PERCENT OF SALES TO BE APPROXIMATELY FLAT TO LAST YEAR'S ADJUSTED GROSS MARGIN OF 32.3%.CHICO'S FAS - RAISED Q4 OUTLOOK TO REFLECT FURTHER IMPROVEMENTS IN BUSINESS FOLLOWING "STRONG HOLIDAY SEASON".CHICO'S FAS INC - EXPECTS Q4 2019 SG&A EXPENSES TO BE DOWN APPROXIMATELY $5 MILLION ON THE LOW END OF PREVIOUS OUTLOOK.  Full Article