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Chico's FAS Inc (CHS.N)

CHS.N on New York Stock Exchange

3.35USD
22 Oct 2019
Change (% chg)

$-0.05 (-1.47%)
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$3.40
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Volume
469,732
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587,604
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$8.43
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Latest Key Developments (Source: Significant Developments)

Chico's FAS Appoints Bonnie Brooks As CEO And President
Friday, 19 Jul 2019 

July 18 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. ANNOUNCES NEW ORGANIZATIONAL STRUCTURE AND ASSOCIATED LEADERSHIP APPOINTMENTS.COMPANY AFFIRMS FISCAL 2019 Q2 AND FULL-YEAR OUTLOOK.BONNIE BROOKS APPOINTED CHIEF EXECUTIVE OFFICER AND PRESIDENT.MOLLY LANGENSTEIN APPOINTED PRESIDENT, APPAREL GROUP.MARY VAN PRAAG CONTINUES AS PRESIDENT, INTIMATES GROUP.MARY VAN PRAAG CONTINUES AS PRESIDENT, INTIMATES GROUP.BONNIE BROOKS WILL REMAIN A MEMBER OF CHICO'S FAS BOARD.KAREN MCKIBBIN, CHICO'S BRAND PRESIDENT, TENDERED HER RESIGNATION EARLIER THIS WEEK.Q2 EARNINGS PER SHARE VIEW $-0.00, REVENUE VIEW $512.7 MILLION -- REFINITIV IBES DATA.FY EARNINGS PER SHARE VIEW $0.03, REVENUE VIEW $2.03 BILLION -- REFINITIV IBES DATA.  Full Article

Soma Announced Partnership With Retail Concept, B8ta
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Chico's FAS Inc ::CHICO'S FAS INC - APPAREL BRAND, SOMA ANNOUNCED ITS PARTNERSHIP WITH RETAIL CONCEPT, B8TA AND AN EXPANDED PARTNERSHIP WITH QVC.  Full Article

Chico's FAS Board Rejects Unsolicited Proposal From Sycamore Partners
Friday, 28 Jun 2019 

June 27 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. BOARD OF DIRECTORS UNANIMOUSLY REJECTS UNSOLICITED PROPOSAL FROM SYCAMORE PARTNERS.CHICO'S FAS INC - BOARD REITERATES CONFIDENCE IN COMPANY'S STRATEGIC DIRECTION.CHICO'S FAS INC - DETERMINES PROPOSAL SUBSTANTIALLY UNDERVALUES CHICO'S FAS AND IS NOT IN BEST INTERESTS OF CHICO'S FAS SHAREHOLDERS.  Full Article

Sycamore Partners Sends Letter To Chico's Fas Reiterating Its Request For Due Diligence Access To Co
Saturday, 22 Jun 2019 

June 21 (Reuters) - SYCAMORE PARTNERS :SYCAMORE PARTNERS - ON JUNE 21, SENT LETTER TO CHICO'S FAS REITERATING ITS REQUEST FOR DUE DILIGENCE ACCESS TO CO.SYCAMORE PARTNERS - LETTER REQUESTS CHICO'S FAS TO CALL A SPECIAL MEETING OF SHAREHOLDERS IN CONNECTION WITH JUNE 19 PROPOSAL.  Full Article

Chico's FAS Board Unanimously Rejects Unsolicited Proposal From Sycamore Partners
Friday, 17 May 2019 

May 16 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. BOARD OF DIRECTORS UNANIMOUSLY REJECTS UNSOLICITED PROPOSAL FROM SYCAMORE PARTNERS.CHICO'S FAS INC - SEARCH FOR A PERMANENT CEO IS WELL UNDERWAY.CHICO'S FAS INC - SYCAMORE'S PROPOSAL "SUBSTANTIALLY UNDERVALUES" HICO'S FAS.CHICO'S FAS INC - REJECTED UNSOLICITED PROPOSAL RECEIVED FROM SYCAMORE PARTNERS ON MAY 10, 2019 TO ACQUIRE COMPANY FOR $3.50 PER SHARE IN CASH.CHICO'S FAS INC - SYCAMORE'S PROPOSAL "SUBSTANTIALLY UNDERVALUES" CHICO'S FAS (CORRECTS TYPO).  Full Article

Chico's FAS Q4 Adjusted Loss Per Share $0.07
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2018 RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.07.Q4 GAAP LOSS PER SHARE $0.14.Q4 EARNINGS PER SHARE ESTIMATE $-0.09 -- REFINITIV IBES DATA.KAREN MCKIBBIN APPOINTED NEW CHICO'S BRAND PRESIDENT.RETAIL FLEET OPTIMIZATION PLAN AND OPERATING REVIEW ON TRACK.FOR Q4, GROSS MARGIN WAS $158.7 MILLION, OR 30.2% OF NET SALES, COMPARED TO $221.6 MILLION, OR 37.7% OF NET SALES, FOR LAST YEAR'S Q4.AT END OF FISCAL 2018, INVENTORIES TOTALED $235.2 MILLION COMPARED TO $233.7 MILLION AT END OF FISCAL 2017.CHICO'S FAS - UNDER RETAIL FLEET OPTIMIZATION PLAN CO EXPECTS TO CLOSE ABOUT 100 CHICO'S, 90 WHITE HOUSE BLACK MARKET, 60 SOMA LOCATIONS OVER NEXT 3 YRS.IN FISCAL 2019, CLOSURES ARE EXPECTED TO BE APPROXIMATELY 60 TO 80 STORES.CLOSINGS WILL BE ACROSS ALL BRANDS AND WEIGHTED TO SECOND HALF OF FISCAL YEAR.FOR FISCAL 2019 Q1, COMPANY ANTICIPATES A MID TO HIGH-SINGLE-DIGIT DECLINE IN TOTAL NET SALES.CLOSINGS ARE EXPECTED TO HAVE MINIMAL IMPACT ON SALES AND EARNINGS IN FISCAL 2019..QTRLY TOTAL COMPANY COMPARABLE SALE SDOWN 3.8 PERCENT.COMPANY EXPECTS FISCAL 2019 CAPITAL EXPENDITURES TO BE APPROXIMATELY $55 MILLION.FOR Q4, NET SALES WERE $524.7 MILLION COMPARED TO $587.8 MILLION IN LAST YEAR'S Q4..FOR FISCAL 2019 Q1, ANTICIPATES A MID TO HIGH-SINGLE-DIGIT DECLINE IN TOTAL NET SALES AND CONSOLIDATED COMPARABLE SALES.  Full Article

Chico's FAS, Inc. Announces Leadership Transition For Chico's Brand
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. ANNOUNCES LEADERSHIP TRANSITION FOR CHICO'S BRAND.CHICO'S FAS INC - DIANE ELLIS TO STEP DOWN AS PRESIDENT OF CHICO'S BRAND.CHICO'S FAS INC - COMPANY INITIATES SEARCH FOR NEW PRESIDENT OF CHICO'S BRAND.CHICO'S FAS INC - IN INTERIM, CHICO'S BRAND WILL BE LED BY SHELLEY BROADER, COMPANY'S CEO AND PRESIDENT.  Full Article

Chico's FAS Q3 Earnings Per Share $0.05
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. REPORTS THIRD QUARTER RESULTS.Q3 EARNINGS PER SHARE $0.05.Q3 EARNINGS PER SHARE ESTIMATE $0.08 -- REFINITIV IBES DATA.Q3 SALES $499.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF $515.6 MILLION.UPDATES FULL-YEAR OUTLOOK.FOR Q3, GROSS MARGIN WAS $181.0 MILLION, OR 36.2% OF NET SALES, COMPARED TO $196.7 MILLION, OR 37.0% OF NET SALES, IN LAST YEAR'S Q3.AT END OF Q3, INVENTORIES TOTALED $266.1 MILLION COMPARED TO $265.0 MILLION AT END OF LAST YEAR'S Q3.IN QUARTER, CHICO'S BRAND DID NOT DELIVER SALES CO ANTICIPATED, WHICH LED TO TOTAL COMPANY RESULTS THAT WERE BELOW CO'S EXPECTATIONS.QTRLY TOTAL COMPANY COMPARABLE SALES DOWN 6.8%."WHITE HOUSE BLACK MARKET IS CONTINUING ITS BRAND REPOSITIONING".DIANE ELLIS IS DEPARTING AS CHICO'S BRAND PRESIDENT, EFFECTIVE NOVEMBER 30, 2018.FOR FISCAL 2018 Q4, ANTICIPATES A HIGH SINGLE-DIGIT DECLINE IN CONSOLIDATED COMPARABLE SALES."IMPLEMENTING A PERFORMANCE IMPROVEMENT PLAN THAT INCLUDES BRAND LEADERSHIP CHANGES AND ADJUSTMENTS TO OUR PRODUCT OFFERING".FOR FISCAL 2018 Q4, ANTICIPATES A MID-TEEN DECLINE IN NET SALES.FY REVENUE VIEW $2.17 BILLION -- REFINITIV IBES DATA.  Full Article

Chico's FAS Inc. Announces Q3 Sales And Earnings Conference Call
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. ANNOUNCES THIRD QUARTER SALES AND EARNINGS CONFERENCE CALL.  Full Article

Chico's Fas Declares Cash Dividend Of $0.085 Per Share
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. DECLARES CASH DIVIDEND OF $0.085 PER SHARE.  Full Article

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Factbox: U.S. retailers comment on latest tariff escalation

Several U.S. retailers, footwear companies and business groups have warned that the long-drawn Sino-U.S. trade war would jack up consumer prices and trigger job losses.