| Chico’s FAS
Earnings Call |
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Chico’s Earnings Call, First Quarter 2008
3rd June 2008 00:00 AM |
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| The suppressed economic outlook has eroded consumer confidence and impacted discretionary spending on apparel especially in the missy sector. |
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| The clothing retailer reported net income of $12.7 million or 7 cents a share, down 73% as sales dropped 10% to $409.6 million from $453.1 million in the prior year due to the challenging sales environment. Margins were negatively impacted by continued investment in product development and merchandising functions and lower merchandise margins in the outlet and direct to consumer channels primarily due to higher ownership of inventory. |
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Chico’s FAS Fourth Quarter Earnings Call
18th March 2008 00:00 AM |
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| Revenues rose 43% to $1.71 billion compared with $1.64 billion in the prior year. |
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| The specialty retailer posted annual net income of $88.9 million, or 50 cents per share versus $166.6 million, or 93 cents per diluted in fiscal 2006. The company opened 128 new stores and relocated and expanded 52 stores during the year, for a net selling square footage increase of about 23%. The management reported fourth quarter results as disappointing and now anticipates opportunity for earnings improvement in the second half of fiscal year 2008. |
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Chico’s FAS Second Quarter Earnings Call
24th September 2007 00:00 AM |
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| Net profit dropped to $38.7 million from $53.8 million in prior year, on increasing expenditure and decreasing merchandise margins. |
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| The leading retailer of apparel reported net sales of $436 million, up 8.1% from prior year, on 25.2% increase in the sales of White Horse | Black Market brand. The decline in the merchandise margin was mainly a higher markdown rate at both Chico’s brand and WH|BM brand. The company intends to increase its marketing spend in the H2 of fiscal 2007 to enhance its market share and to highlight its Fall and Holiday product offerings. |
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