Chico's FAS Posts Narrower Adj. Loss In Q4; Comps. Up 2.2% - Quick Facts

(RTTNews) - Chico's FAS, Inc. (CHS) reported a fourth quarter adjusted net loss per share of $0.03 compared to a loss of $0.07, a year ago. On average, seven analysts polled by Thomson Reuters expected the company to report a loss per share of $0.06, for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, net sales were $527.1 million compared to $524.7 million, prior year. Comparable sales were up 2.2%, for the quarter. The company said the comparable sales improvement was driven by higher average dollar sale and an increase in transaction count. Analysts expected revenue of $524.68 million for the quarter.

For the first quarter, the company anticipates a low single-digit increase in total net sales and consolidated comparable sales. For fiscal 2020, the company anticipates a low single-digit increase in total net sales and consolidated comparable sales.