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Record net sales of $651 mn at Chico's FAS
17 May '12
3 min read
• Gross margin rate down approximately 50 basis points;
• SG&A expense, as a percentage of net sales, down approximately 50 basis points;
• Effective tax rate approximately 38%;
• Inventories in-line with sales growth; and
• Capital expenditures approximately $150 million, which include 120 to 130 gross new stores.
The Company, through its brands Chico's, White House | Black Market, Soma Intimates, and Boston Proper, is a women's specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items.
• SG&A expense, as a percentage of net sales, down approximately 50 basis points;
• Effective tax rate approximately 38%;
• Inventories in-line with sales growth; and
• Capital expenditures approximately $150 million, which include 120 to 130 gross new stores.
The Company, through its brands Chico's, White House | Black Market, Soma Intimates, and Boston Proper, is a women's specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items.
Chico's FAS Inc
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