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Chico's FAS Inc (CHS.N)

CHS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Chico's Fas Announces First Quarter Sales And Earnings Conference Call
Monday, 14 May 2018 

May 14 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. ANNOUNCES FIRST QUARTER SALES AND EARNINGS CONFERENCE CALL.  Full Article

Chico's FAS Inc Updates Fourth Quarter Outlook
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Chico's Fas Inc ::CHICO'S FAS INC - ANTICIPATES Q4 TOTAL COMPARABLE SALES IN NEGATIVE 5% TO NEGATIVE 7% RANGE.CHICO'S FAS INC - CONTINUES TO EXPECT Q4 GROSS MARGIN RATE TO BE APPROXIMATELY FLAT TO UP SLIGHTLY, IN LINE WITH ITS PREVIOUS OUTLOOK.CHICO'S FAS INC- CONTINUES TO EXPECT Q4 GROSS MARGIN RATE TO BE APPROXIMATELY FLAT TO UP SLIGHTLY.CHICO'S FAS INC - COMPANY ANTICIPATES THAT FISCAL 2018 EFFECTIVE TAX RATE WILL BE IN RANGE OF 26% TO 28%.CHICO'S FAS, INC. UPDATES FOURTH QUARTER OUTLOOK, COMMENTS ON EXPECTED IMPACT FROM TAX REFORM AND ANNOUNCES PARTICIPATION IN THE 2018 ICR CONFERENCE.  Full Article

Chico's FAS Inc Q3 earnings per share $0.13
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Chico's FAS Inc :Chico's FAS Inc Reports third quarter results.Q3 earnings per share $0.13.Q3 sales $532.3 million versus I/B/E/S view $535.3 million.Q3 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Q3 results include unfavorable impact of hurricanes Harvey, Irma and Maria of about $5.0 million after-tax, or $0.04 per diluted share​.For Q3, gross margin was $196.7 million, or 37.0% of net sales, compared to $230.3 million, or 38.6% of net sales, in last year's Q3​.At end of Q3 of 2017, inventories totaled $265.0 million compared to $261.3 million at end of Q3 last year​.In Q3, co was impacted by hurricanes, resulting in reduced operating hours or temporary closure of more than 300 stores.For Q4 of 2017, company expects comparable sales to be down high single-digits​.In quarter, impact to income from operations due to lower net sales, impairment charges, other incremental hurricane related expenses about $10 million​.Company anticipates Q4 gross margin rate to be approximately flat to up slightly compared to last year​.Qtrly ‍total company comparable sales down 8.2 percent​.  Full Article