Chico’s FAS, Inc. Updates Fourth Quarter Outlook

Chico’s FAS, Inc. (NYSE: CHS) (the “Company”) today announced that the Company is updating its outlook for the fiscal 2017 fourth quarter ending February 3, 2018.

Based on results to date, the Company anticipates fourth quarter total comparable sales in the negative 5% to negative 7% range, an improvement on its previous outlook of negative high single-digits. As previously announced, approximately $30 million in sales from the 53rd week of fiscal 2017 are not included in the comparable sales calculation for the Company’s outlook.

The Company continues to expect fourth quarter gross margin rate to be approximately flat to up slightly, in line with its previous outlook.  SG&A expenses for the fourth quarter are expected to be approximately flat to last year, after incorporating costs from the 53rd week.

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