FORT MYERS, Fla., Nov. 25, 2014 /PRNewswire/ -- Chico's FAS, Inc. (NYSE: CHS) today announced its financial results for the fiscal 2014 third quarter and thirty-nine weeks ended November 1, 2014.
For the thirteen weeks ended November 1, 2014 (the third quarter), the Company reported net income of $26.5 million compared to adjusted net income of $35.8 million for the thirteen weeks ended November 2, 2013, and third quarter 2014 earnings per diluted share of $0.17 compared to adjusted earnings per diluted share of $0.22 in last year's third quarter. Last year, the adjusted results for the third quarter excluded charges related to Boston Proper non-cash goodwill and trade name impairment (the Impairment Charges), as presented in the accompanying GAAP to non-GAAP reconciliation. Including the impact of the Impairment Charges, the Company reported a third quarter 2013 net loss of $28.5 million, or $0.18 per diluted share.
For the thirty-nine weeks ended November 1, 2014, the Company reported net income of $96.5 million compared to adjusted net income of $131.1 million in the same period last year, and earnings per diluted share of $0.63 compared to adjusted earnings per diluted share of $0.81 in the same period last year. In fiscal 2013, the adjusted results excluded the Impairment Charges and non-recurring acquisition and integration costs, as presented in the accompanying GAAP to non-GAAP reconciliation. Including the impact of the Impairment Charges and non-recurring acquisition and integration costs, the Company reported net income of $66.2 million, or $0.41 per diluted share in 2013.
Todd E. Vogensen, Senior Vice President and Chief Financial Officer, Chico's FAS, said, "In addition to our brand strategies, fiscal discipline is an important driver of value creation. We remain focused on inventory management and ensuring SG&A and capital investments are aligned with meaningful growth opportunities. We are making progress on the initiatives discussed at our analyst day to achieve these objectives and expect the benefits to become more visible in our results over the coming quarters."
Net Sales
For the third quarter, net sales were $665.6 million, an increase of 1.5% compared to $655.6 million in last year's third quarter, primarily reflecting 87 net new stores for a square footage increase of 5.4%, partially offset by a 1.6% decrease in comparable sales. The 1.6% decrease in comparable sales for the third quarter was following a 1.4% decrease in last year's third quarter, and reflected a decrease in average dollar sale partially offset by an increase in transaction count.
For the third quarter, the Chico's/Soma Intimates brands' comparable sales decreased 1.6% following a 3.3% decrease in last year's third quarter. The Chico's brand experienced a low single digit decrease in comparable sales in the third quarter compared to a mid-single digit decrease in last year's third quarter, and the Soma Intimates brand experienced a mid-single digit comparable sales increase in the third quarter compared to a high-single digit increase in last year's third quarter. The White House | Black Market brand's comparable sales decreased 1.4% following a 2.5% increase in last year's third quarter.
Gross Margin
For the third quarter, gross margin was $363.8 million compared to $364.0 million in last year's third quarter. Gross margin was 54.7% of net sales, an 80 basis point decrease from last year's third quarter, primarily reflecting increased promotional activity to sell through seasonal merchandise.
Selling, General and Administrative Expenses
For the third quarter, selling, general and administrative expenses ("SG&A") were $321.6 million compared to $308.5 million in last year's third quarter. SG&A was 48.3% of net sales, a 120 basis point increase from last year's third quarter, primarily reflecting sales deleverage of store expenses, the impact of approximately $5 million in incremental investment spending on strategic initiatives and cycling the reversal of incentive compensation in fiscal 2013.
Income Tax Provision
For the third quarter, the effective tax rate was 37.4% compared to an effective tax rate of (68.7)% in last year's third quarter. The income tax provision of $11.6 million and effective tax rate of (68.7)% in last year's third quarter reflects the impact of the Impairment Charges on the annual effective tax rate. Excluding the tax impact of the Impairment Charges, the 2013 third quarter effective tax rate would have been 35.6% compared to an effective tax rate of 37.4% in the third quarter of fiscal 2014, primarily reflecting federal tax and refund claims filed in the third quarter of 2013.
Inventories
At the end of the third quarter of 2014, total inventories per selling square foot increased 1.6%, excluding in-transit inventories. In-transit inventories increased by $10.0 million, primarily reflecting an increase in the length of in-transit times for ocean shipments, as well as delays at West Coast ports.
ABOUT CHICO'S FAS, INC.
The Company, through its brands – Chico's, White House | Black Market, Soma Intimates, and Boston Proper, is a leading omni-channel specialty retailer of women's private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items.
As of November 1, 2014, the Company operated 1,557 stores in the US and Canada and sold merchandise through franchise locations in Mexico. The Company's merchandise is also available at www.chicos.com, www.whbm.com, www.soma.com, and www.bostonproper.com. For more detailed information on Chico's FAS, Inc., please go to our corporate website at www.chicosfas.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 Certain statements contained herein, including without limitation, statements addressing the beliefs, plans, objectives, estimates or expectations of the Company or future results or events constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known or unknown risks, including, but not limited to, general economic and business conditions, and conditions in the specialty retail industry. There can be no assurance that the actual future results, performance, or achievements expressed or implied by such forward-looking statements will occur. Users of forward-looking statements are encouraged to review the Company's latest annual report on Form 10-K, its filings on Form 10-Q, management's discussion and analysis in the Company's latest annual report to stockholders, the Company's filings on Form 8-K, and other federal securities law filings for a description of other important factors that may affect the Company's business, results of operations and financial condition. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that projected results expressed or implied in such statements will not be realized.
(Financial Tables Follow)
Executive Contact:
Dave Slater
Vice President – Investor Relations
Chico's FAS, Inc.
(239) 346-4199
Chico's FAS, Inc. and Subsidiaries |
|||||||||||||||||||||||||||
Condensed Consolidated Statements of Income (Loss) |
|||||||||||||||||||||||||||
(Unaudited) |
|||||||||||||||||||||||||||
(in thousands, except per share amounts) |
|||||||||||||||||||||||||||
Thirty-Nine Weeks Ended |
Thirteen Weeks Ended |
||||||||||||||||||||||||||
November 1, 2014 |
November 2, 2013 |
November 1, 2014 |
November 2, 2013 |
||||||||||||||||||||||||
Amount |
% of |
Amount |
% of |
Amount |
% of |
Amount |
% of |
||||||||||||||||||||
Net sales: |
|||||||||||||||||||||||||||
Chico's/Soma Intimates |
$ |
1,290,239 |
63.9 |
% |
$ |
1,255,214 |
63.5 |
% |
$ |
418,230 |
62.9 |
% |
$ |
415,819 |
63.4 |
% |
|||||||||||
White House | Black Market |
655,639 |
32.5 |
% |
643,688 |
32.6 |
% |
224,552 |
33.7 |
% |
218,200 |
33.3 |
% |
|||||||||||||||
Boston Proper |
72,426 |
3.6 |
% |
76,902 |
3.9 |
% |
22,787 |
3.4 |
% |
21,560 |
3.3 |
% |
|||||||||||||||
Total net sales |
2,018,304 |
100.0 |
% |
1,975,804 |
100.0 |
% |
665,569 |
100.0 |
% |
655,579 |
100.0 |
% |
|||||||||||||||
Cost of goods sold |
920,148 |
45.6 |
% |
868,808 |
44.0 |
% |
301,776 |
45.3 |
% |
291,569 |
44.5 |
% |
|||||||||||||||
Gross margin |
1,098,156 |
54.4 |
% |
1,106,996 |
56.0 |
% |
363,793 |
54.7 |
% |
364,010 |
55.5 |
% |
|||||||||||||||
Selling, general and administrative expenses |
945,360 |
46.8 |
% |
899,689 |
45.5 |
% |
321,574 |
48.3 |
% |
308,528 |
47.1 |
% |
|||||||||||||||
Goodwill and trade name impairment charges |
— |
0.0 |
% |
72,466 |
3.7 |
% |
— |
0.0 |
% |
72,466 |
11.0 |
% |
|||||||||||||||
Acquisition and integration costs |
— |
0.0 |
% |
914 |
0.0 |
% |
— |
0.0 |
% |
— |
0.0 |
% |
|||||||||||||||
Income (loss) from operations |
152,796 |
7.6 |
% |
133,927 |
6.8 |
% |
42,219 |
6.4 |
% |
(16,984) |
(2.6) |
% |
|||||||||||||||
Interest income, net |
75 |
0.0 |
% |
404 |
0.0 |
% |
44 |
0.0 |
% |
105 |
0.0 |
% |
|||||||||||||||
Income (loss) before income taxes |
152,871 |
7.6 |
% |
134,331 |
6.8 |
% |
42,263 |
6.4 |
% |
(16,879) |
(2.6) |
% |
|||||||||||||||
Income tax provision |
56,400 |
2.8 |
% |
68,100 |
3.4 |
% |
15,800 |
2.4 |
% |
11,600 |
1.7 |
% |
|||||||||||||||
Net income (loss) |
$ |
96,471 |
4.8 |
% |
$ |
66,231 |
3.4 |
% |
$ |
26,463 |
4.0 |
% |
$ |
(28,479) |
(4.3) |
% |
|||||||||||
Per share data: |
|||||||||||||||||||||||||||
Net income (loss) per common share- basic |
$ |
0.63 |
$ |
0.41 |
$ |
0.17 |
$ |
(0.18) |
|||||||||||||||||||
Net income (loss) per common and common equivalent share–diluted |
$ |
0.63 |
$ |
0.41 |
$ |
0.17 |
$ |
(0.18) |
|||||||||||||||||||
Weighted average common shares outstanding–basic |
148,577 |
156,662 |
148,564 |
155,228 |
|||||||||||||||||||||||
Weighted average common and common equivalent shares outstanding–diluted |
149,093 |
157,604 |
149,037 |
155,228 |
|||||||||||||||||||||||
Dividends declared per share |
$ |
0.225 |
$ |
0.165 |
$ |
— |
$ |
— |
Chico's FAS, Inc. and Subsidiaries |
|||||||||||
Condensed Consolidated Balance Sheets |
|||||||||||
(Unaudited) |
|||||||||||
(in thousands) |
|||||||||||
November 1, 2014 |
February 1, 2014 |
November 2, 2013 |
|||||||||
ASSETS |
|||||||||||
Current Assets: |
|||||||||||
Cash and cash equivalents |
$ |
67,172 |
$ |
36,444 |
$ |
52,524 |
|||||
Marketable securities, at fair value |
124,042 |
116,002 |
197,235 |
||||||||
Inventories |
294,234 |
238,145 |
267,430 |
||||||||
Prepaid expenses and other current assets |
52,062 |
50,698 |
55,835 |
||||||||
Total Current Assets |
537,510 |
441,289 |
573,024 |
||||||||
Property and Equipment, net |
641,187 |
631,050 |
635,284 |
||||||||
Other Assets: |
|||||||||||
Goodwill |
171,427 |
171,427 |
171,427 |
||||||||
Other intangible assets, net |
114,927 |
118,196 |
119,269 |
||||||||
Other assets, net |
12,897 |
9,229 |
9,252 |
||||||||
Total Other Assets |
299,251 |
298,852 |
299,948 |
||||||||
$ |
1,477,948 |
$ |
1,371,191 |
$ |
1,508,256 |
||||||
LIABILITIES AND STOCKHOLDERS' EQUITY |
|||||||||||
Current Liabilities: |
|||||||||||
Accounts payable |
$ |
162,641 |
$ |
131,254 |
$ |
152,698 |
|||||
Other current and deferred liabilities |
145,972 |
142,073 |
121,796 |
||||||||
Total Current Liabilities |
308,613 |
273,327 |
274,494 |
||||||||
Noncurrent Liabilities: |
|||||||||||
Deferred liabilities |
146,715 |
138,874 |
143,991 |
||||||||
Deferred taxes |
42,306 |
49,887 |
53,338 |
||||||||
Total Noncurrent Liabilities |
189,021 |
188,761 |
197,329 |
||||||||
Stockholders' Equity: |
|||||||||||
Preferred stock |
— |
— |
— |
||||||||
Common stock |
1,529 |
1,522 |
1,588 |
||||||||
Additional paid-in capital |
401,110 |
382,088 |
372,325 |
||||||||
Retained earnings |
577,528 |
525,381 |
662,375 |
||||||||
Accumulated other comprehensive income |
147 |
112 |
145 |
||||||||
Total Stockholders' Equity |
980,314 |
909,103 |
1,036,433 |
||||||||
$ |
1,477,948 |
$ |
1,371,191 |
$ |
1,508,256 |
Chico's FAS, Inc. and Subsidiaries |
|||||||
Condensed Consolidated Cash Flow Statements |
|||||||
(Unaudited) |
|||||||
(in thousands) |
|||||||
Thirty-Nine Weeks Ended |
|||||||
November 1, |
November 2, |
||||||
Cash Flows From Operating Activities: |
|||||||
Net income |
$ |
96,471 |
$ |
66,231 |
|||
Adjustments to reconcile net income to net cash provided by operating activities — |
|||||||
Goodwill and trade name impairment charges |
— |
72,466 |
|||||
Depreciation and amortization |
90,514 |
88,123 |
|||||
Deferred tax (benefit) expense |
(9,204) |
6,024 |
|||||
Stock-based compensation expense |
20,041 |
19,542 |
|||||
Excess tax benefit from stock-based compensation |
(1,654) |
(1,281) |
|||||
Deferred rent and lease credits |
(13,754) |
(13,299) |
|||||
Loss on disposal and impairment of property and equipment |
757 |
1,432 |
|||||
Changes in assets and liabilities: |
|||||||
Inventories |
(56,089) |
(60,581) |
|||||
Prepaid expenses and other assets |
(5,032) |
(1,775) |
|||||
Accounts payable |
31,387 |
23,311 |
|||||
Accrued and other liabilities |
27,655 |
(25,087) |
|||||
Net cash provided by operating activities |
181,092 |
175,106 |
|||||
Cash Flows From Investing Activities: |
|||||||
Purchases of marketable securities |
(81,134) |
(90,669) |
|||||
Proceeds from sale of marketable securities |
73,062 |
165,852 |
|||||
Purchases of property and equipment, net |
(98,084) |
(113,376) |
|||||
Net cash used in investing activities |
(106,156) |
(38,193) |
|||||
Cash Flows From Financing Activities: |
|||||||
Proceeds from issuance of common stock |
5,930 |
10,176 |
|||||
Excess tax benefit from stock-based compensation |
1,654 |
1,281 |
|||||
Dividends paid |
(34,329) |
(26,536) |
|||||
Repurchase of common stock |
(17,579) |
(126,179) |
|||||
Net cash used in financing activities |
(44,324) |
(141,258) |
|||||
Effects of exchange rate changes on cash and cash equivalents |
116 |
10 |
|||||
Net increase (decrease) in cash and cash equivalents |
30,728 |
(4,335) |
|||||
Cash and Cash Equivalents, Beginning of period |
36,444 |
56,859 |
|||||
Cash and Cash Equivalents, End of period |
$ |
67,172 |
$ |
52,524 |
Supplemental Detail on Earnings Per Share Calculation
In accordance with accounting guidance, unvested share-based payment awards that include non-forfeitable rights to dividends, whether paid or unpaid, are considered participating securities. As a result, such awards are required to be included in the calculation of earnings per common share pursuant to the "two-class" method. For the Company, participating securities are composed entirely of unvested restricted stock awards and performance-based restricted stock units ("PSUs") that have met their relevant performance criteria.
Earnings per share is determined using the two-class method, as it is more dilutive than the treasury stock method. Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflects the dilutive effect of potential common shares from non-participating securities such as stock options and PSUs. For the thirty-nine weeks and thirteen weeks ended November 1, 2014 and November 2, 2013, potential common shares from non-participating securities were excluded from the computation of diluted EPS because they were antidilutive.
The following unaudited table sets forth the computation of basic and diluted earnings per share shown on the face of the accompanying condensed consolidated statements of income (loss) (in thousands, except per share amounts):
Thirty-Nine Weeks Ended |
Thirteen Weeks Ended |
||||||||||||||
November 1, 2014 |
November 2, 2013 |
November 1, 2014 |
November 2, 2013 |
||||||||||||
Numerator |
|||||||||||||||
Net income (loss) |
$ |
96,471 |
$ |
66,231 |
$ |
26,463 |
$ |
(28,479) |
|||||||
Net income and dividends declared allocated to participating securities |
(2,648) |
(1,785) |
(745) |
— |
|||||||||||
Net income (loss) available to common shareholders |
$ |
93,823 |
$ |
64,446 |
$ |
25,718 |
$ |
(28,479) |
|||||||
Denominator |
|||||||||||||||
Weighted average common shares outstanding – basic |
148,577 |
156,662 |
148,564 |
155,228 |
|||||||||||
Dilutive effect of non-participating securities |
516 |
942 |
473 |
— |
|||||||||||
Weighted average common and common equivalent shares outstanding – diluted |
149,093 |
157,604 |
149,037 |
155,228 |
|||||||||||
Net income (loss) per common share*: |
|||||||||||||||
Basic |
$ |
0.63 |
$ |
0.41 |
$ |
0.17 |
$ |
(0.18) |
|||||||
Diluted |
$ |
0.63 |
$ |
0.41 |
$ |
0.17 |
$ |
(0.18) |
|||||||
*Due to the differences between quarterly and year-to-date weighted average share counts and the effect of quarterly rounding to the nearest cent per diluted share, the year-to-date calculation of GAAP and non-GAAP diluted EPS may not equal the sum of the quarters. |
SEC Regulation G - The Company reports its consolidated financial results in accordance with generally accepted accounting principles (GAAP). However, to supplement these consolidated financial results, management believes that certain non-GAAP results, which exclude certain non-recurring charges including goodwill and trade name impairment and acquisition and integration costs, may provide a more meaningful measure on which to compare the Company's results of operations between periods. The Company believes these non-GAAP results provide useful information to both management and investors by excluding certain expenses that impact the comparability of the results. A reconciliation of net income (loss) and earnings per diluted share on a GAAP basis to net income and earnings per diluted share on a non-GAAP basis is presented in the table below:
Chico's FAS, Inc. and Subsidiaries |
||||||||||||||||
GAAP to Non-GAAP Reconciliation of Net Income (Loss) and Diluted EPS |
||||||||||||||||
(Unaudited) |
||||||||||||||||
(in thousands, except per share amounts) |
||||||||||||||||
Thirty-Nine Weeks Ended |
Thirteen Weeks Ended |
|||||||||||||||
November 1, 2014 |
November 2, 2013 |
November 1, 2014 |
November 2, 2013 |
|||||||||||||
Net income (loss): |
||||||||||||||||
GAAP basis |
$ |
96,471 |
$ |
66,231 |
$ |
26,463 |
$ |
(28,479) |
||||||||
Add: Impact of goodwill and trade name impairment charges, net of tax |
— |
64,266 |
— |
64,266 |
||||||||||||
Add: Impact of acquisition and integration costs, net of tax |
— |
577 |
— |
— |
||||||||||||
Non-GAAP adjusted basis |
$ |
96,471 |
$ |
131,074 |
$ |
26,463 |
$ |
35,787 |
||||||||
Net income (loss) per diluted share: |
||||||||||||||||
GAAP basis |
$ |
0.63 |
$ |
0.41 |
$ |
0.17 |
$ |
(0.18) |
||||||||
Add: Impact of goodwill and trade name impairment charges, net of tax |
0.00 |
0.40 |
0.00 |
0.40 |
||||||||||||
Add: Impact of acquisition and integration costs, net of tax |
0.00 |
0.00 |
0.00 |
0.00 |
||||||||||||
Non-GAAP adjusted basis |
$ |
0.63 |
$ |
0.81 |
$ |
0.17 |
$ |
0.22 |
Chico's FAS, Inc. and Subsidiaries |
||||||||||||||
Store Count and Square Footage |
||||||||||||||
Thirteen Weeks Ended November 1, 2014 |
||||||||||||||
(Unaudited) |
||||||||||||||
As of |
New Stores |
Closures |
As of |
|||||||||||
Store count: |
||||||||||||||
Chico's frontline boutiques |
620 |
3 |
(2) |
621 |
||||||||||
Chico's outlets |
115 |
3 |
— |
118 |
||||||||||
Chico's Canada |
— |
3 |
— |
3 |
||||||||||
WH|BM frontline boutiques |
441 |
8 |
(3) |
446 |
||||||||||
WH|BM outlets |
63 |
4 |
— |
67 |
||||||||||
WH|BM Canada |
4 |
1 |
— |
5 |
||||||||||
Soma frontline boutiques |
254 |
10 |
(1) |
263 |
||||||||||
Soma outlets |
17 |
— |
— |
17 |
||||||||||
Boston Proper frontline boutiques |
11 |
6 |
— |
17 |
||||||||||
Total Chico's FAS, Inc.* |
1,525 |
38 |
(6) |
1,557 |
||||||||||
As of |
New Stores |
Closures |
Other changes in SSF |
As of |
||||||||||
Net selling square footage (SSF): |
||||||||||||||
Chico's frontline boutiques |
1,692,561 |
8,283 |
(5,398) |
(758) |
1,694,688 |
|||||||||
Chico's outlets |
288,979 |
7,201 |
— |
— |
296,180 |
|||||||||
Chico's Canada |
— |
7,313 |
— |
— |
7,313 |
|||||||||
WH|BM frontline boutiques |
1,003,679 |
19,923 |
(5,893) |
891 |
1,018,600 |
|||||||||
WH|BM outlets |
130,709 |
8,978 |
— |
— |
139,687 |
|||||||||
WH|BM Canada |
10,051 |
2,409 |
— |
— |
12,460 |
|||||||||
Soma frontline boutiques |
479,185 |
19,024 |
(1,923) |
823 |
497,109 |
|||||||||
Soma outlets |
31,672 |
— |
— |
— |
31,672 |
|||||||||
Boston Proper frontline boutiques |
18,276 |
10,871 |
— |
— |
29,147 |
|||||||||
Total Chico's FAS, Inc. |
3,655,112 |
84,002 |
(13,214) |
956 |
3,726,856 |
|||||||||
* As of November 1, 2014 the Company also sold merchandise through 16 international franchise locations. |
Chico's FAS, Inc. and Subsidiaries |
||||||||||||||
Store Count and Square Footage |
||||||||||||||
Thirty-Nine Weeks Ended November 1, 2014 |
||||||||||||||
(Unaudited) |
||||||||||||||
As of |
New Stores |
Closures |
As of |
|||||||||||
Store count: |
||||||||||||||
Chico's frontline boutiques |
611 |
14 |
(4) |
621 |
||||||||||
Chico's outlets |
110 |
10 |
(2) |
118 |
||||||||||
Chico's Canada |
— |
3 |
— |
3 |
||||||||||
WH|BM frontline boutiques |
436 |
17 |
(7) |
446 |
||||||||||
WH|BM outlets |
59 |
8 |
— |
67 |
||||||||||
WH|BM Canada |
3 |
2 |
— |
5 |
||||||||||
Soma frontline boutiques |
232 |
33 |
(2) |
263 |
||||||||||
Soma outlets |
17 |
1 |
(1) |
17 |
||||||||||
Boston Proper frontline boutiques |
4 |
13 |
— |
17 |
||||||||||
Total Chico's FAS, Inc.* |
1,472 |
101 |
(16) |
1,557 |
||||||||||
As of |
New Stores |
Closures |
Other changes in SSF |
As of |
||||||||||
Net selling square footage (SSF): |
||||||||||||||
Chico's frontline boutiques |
1,672,225 |
36,246 |
(10,942) |
(2,841) |
1,694,688 |
|||||||||
Chico's outlets |
278,223 |
24,294 |
(6,337) |
— |
296,180 |
|||||||||
Chico's Canada |
— |
7,313 |
— |
— |
7,313 |
|||||||||
WH|BM frontline boutiques |
986,708 |
43,611 |
(15,338) |
3,619 |
1,018,600 |
|||||||||
WH|BM outlets |
121,565 |
18,122 |
— |
— |
139,687 |
|||||||||
WH|BM Canada |
7,987 |
4,473 |
— |
— |
12,460 |
|||||||||
Soma frontline boutiques |
441,387 |
60,411 |
(3,607) |
(1,082) |
497,109 |
|||||||||
Soma outlets |
32,682 |
1,445 |
(2,346) |
(109) |
31,672 |
|||||||||
Boston Proper frontline boutiques |
6,003 |
23,144 |
— |
— |
29,147 |
|||||||||
Total Chico's FAS, Inc. |
3,546,780 |
219,059 |
(38,570) |
(413) |
3,726,856 |
|||||||||
* As of November 1, 2014 the Company also sold merchandise through 16 international franchise locations. |
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chicos-fas-inc-reports-third-quarter-results-300000633.html
SOURCE Chico's FAS, Inc.
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