Chico's FAS Inc declares Q1 earnings

26 May '06

3 min read

With these continuing long term investments we expect there will be some continued pressure on the overall operating margin percentage for the remainder of fiscal 2006 and the first half of 2007. With that said, we still expect to significantly increase the earnings and maintain one of the top operating margin percentages in the retail apparel industry."

Mr. Edmonds continued, "We are further announcing a more aggressive fiscal 2007 store opening program that includes a 25 percent overall square footage growth goal, following the 30 percent square footage growth goal for our current fiscal year 2006."

The Company is a specialty retailer of private label, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items. The Company operates 796 women's specialty stores, including stores in 47 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico operating under the Chico's, White House | Black Market, Soma by Chico's and Fitigues names.

The Company owns 507 Chico's front-line stores, 31 Chico's outlet stores, 206 White House | Black Market front-line stores, 9 White House | Black Market outlet stores, 19 Soma by Chico's stores, 10 Fitigues front-line stores and 1 Fitigues outlet store; franchisees own and operate 13 Chico's stores.

Chico's FAS Inc

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