Home / Knowledge / News / Apparel/Garments / Q2FY17 revenue at apparel retailer Chicos FAS down 7.3%
Q2FY17 revenue at apparel retailer Chicos FAS down 7.3%
03
Sep '16
Courtesy: Chico Fas
Courtesy: Chico Fas
Driven down by a $26.3 million decline in Boston Proper sales, net revenue at apparel retailer Chicos FAS fell to $635.7 in the thirteen weeks ended July 30, 2016, down 7.3 per cent from $685.8 million in last fiscal's second quarter. Excluding decline in Boston Proper, net turnover dropped 3.6 per cent, primarily from a dip of 3.1 per cent in comparable sales.

According to Chicos FAS, the 3.1 per cent decrease in comparable sales for the second quarter of fiscal 2017 followed a 0.5 per cent increase in the prior fiscal's same quarter, and reflected reduced transaction count and slightly lower average dollar sales.

In the three months ended July 30, 2016, net income soared to $23.0 million, or $0.17 per diluted share, compared to net income of $2.1 million, or $0.02 per diluted share for the second quarter of fiscal 2016.

In the reporting quarter, adjusted net income was $33.3 million, or $0.25 adjusted earnings per diluted share as against adjusted net income of $37.6 million, or $0.26 adjusted earnings per diluted share in the fiscal ago quarter.

According to the apparel retailer, adjusted results exclude EPS charges of $0.08 in fiscal 2017 related to restructuring and strategic charges. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search