Chico's Q4'13 adjusted EPS falls to $0.04

Chico's FAS, Inc. announced its financial results for the fiscal 2013 fourth quarter and fiscal year ended February 1, 2014.

 

Chico's FAS, Inc. announced its financial results for the fiscal 2013 fourth quarter and fiscal year ended February 1, 2014. For the thirteen weeks #

For the thirteen weeks ended February 1, 2014 (the fourth quarter), the Company reported adjusted net income of $5.9 million compared to adjusted net income of $32.7 million for the fourteen weeks ended February 2, 2013, and fourth quarter 2013 adjusted earnings per diluted share of $0.04 compared to adjusted earnings per diluted share of $0.20 in last year's fourth quarter. 

 

Chico's FAS, Inc. announced its financial results for the fiscal 2013 fourth quarter and fiscal year ended February 1, 2014. For the thirteen weeks #

The adjusted results exclude the fourth quarter 2013 impact of tax charges related to the Boston Proper non-cash goodwill impairment charge recorded in the third quarter of 2013 and the fourth quarter 2012 impact of non-recurring acquisition and integration costs, as presented in the accompanying GAAP to non-GAAP reconciliation. 

 

Chico's FAS, Inc. announced its financial results for the fiscal 2013 fourth quarter and fiscal year ended February 1, 2014. For the thirteen weeks #

Including the fourth quarter 2013 tax impact of the non-cash goodwill impairment charge of $6.2 million, or $0.04 per diluted share, and the fourth quarter 2012 impact of non-recurring acquisition and integration costs of $1.2 million after tax, or $0.01 per diluted share, the Company reported a fourth quarter 2013 net loss of $0.3 million, or $0.00 per diluted share compared to fourth quarter 2012 net income of $31.5 million, or $0.19 per diluted share.

 

Chico's FAS, Inc. announced its financial results for the fiscal 2013 fourth quarter and fiscal year ended February 1, 2014. For the thirteen weeks #

For the fifty-two weeks ended February 1, 2014 (fiscal 2013), the Company reported adjusted net income of $137.0 million compared to adjusted net income of $182.2 million for the fifty-three week year ended February 2, 2013 (fiscal 2012), and fiscal 2013 adjusted earnings per diluted share of $0.85 compared to adjusted earnings per diluted share of $1.09 in fiscal 2012. 

 

Chico's FAS, Inc. announced its financial results for the fiscal 2013 fourth quarter and fiscal year ended February 1, 2014. For the thirteen weeks #

The adjusted results exclude the fiscal 2013 impact of Boston Proper non-cash goodwill and trade name impairment charges and the fiscal 2013 and 2012 impact of non-recurring acquisition and integration costs, as presented in the accompanying GAAP to non-GAAP reconciliation. 

 

Chico's FAS, Inc. announced its financial results for the fiscal 2013 fourth quarter and fiscal year ended February 1, 2014. For the thirteen weeks #

Including the fiscal 2013 impact of the Boston Proper non-cash goodwill and trade name impairment charges of $70.5 million after tax, or $0.44 per diluted share, and non-recurring acquisition and integration costs in fiscal 2013 and 2012 of $0.6 million after tax, or $0.00 per diluted share, and $2.0 million after tax, or $0.01 per diluted share, respectively, the Company reported fiscal 2013 net income of $65.9 million, or $0.41 per diluted share compared to fiscal 2012 net income of $180.2 million, or $1.08 per diluted share.

 

Chico's FAS, Inc. announced its financial results for the fiscal 2013 fourth quarter and fiscal year ended February 1, 2014. For the thirteen weeks #

Net Sales

For the fourth quarter, net sales were $610.2 million, a decrease of 6.4% compared to $651.9 million in last year's fourth quarter, primarily reflecting 115 net new stores for a square footage increase of 8.4%, offset by a decrease in comparable sales and approximately $38 million attributable to the fifty-third week of fiscal 2012. 

 

Chico's FAS, Inc. announced its financial results for the fiscal 2013 fourth quarter and fiscal year ended February 1, 2014. For the thirteen weeks #

 

Chico's FAS, Inc. announced its financial results for the fiscal 2013 fourth quarter and fiscal year ended February 1, 2014. For the thirteen weeks #

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