Chico’s FAS, Inc. Updates Fourth Quarter Outlook

The U.S. Postal Service provided new service performance data today to the House Committee on Oversight and Reform and the Senate Homeland Security and Governmental Affairs Committee for the week of Sept. 26 through Oct. 2, 2020. During the seven-day period, First-Class Mail and Marketing Mail performance experienced positive improvement in service delivery. Key performance indicators for the week of Sept. 26th include: *First-Class Mail: 85.97 percent of First-Class Mail was delivered on time, a 1.74 percent increase from the week of Sept. 19th *Marketing Mail: 89.82 percent of Marketing Mail was delivered on time, a 1.14 percent increase from week of Sept. 19th *Periodicals: 78.30 percent of Periodicals were delivered on time, a 1.42 percent decrease from the week of Sept. 19th. For First-Class Mail and Marketing Mail, 97.7 percent and 97.54 percent of mailpieces respectively reached their intended destination within two days of the initial estimated delivery date.

Domestic revenue of $8.41 billion increased 6.3% versus last year driven by comparable sales growth of 7.1%, partially offset by the loss of revenue from 17 large-format and 193 Best Buy Mobile store closures over the past year. International revenue of $697 million increased 13.1% versus last year. This increase was primarily driven by comparable sales growth of 6.4%, due to growth in both Canada and Mexico, and approximately 500 basis points of positive foreign currency impact. Domestic gross profit rate was 23.3% versus 23.6% last year. International gross profit rate was 23.4% versus 24.5% last year. Click Read More below for additional information.

Following its acquisition of NWEA earlier this year, learning technology company HMH today announced an important first step for the combined organization. NWEA’s flagship assessment MAP Growth will now be used for automatic placement into HMH’s best-in-class connected solutions Read 180, Math 180 and Waggle to further enhance personalized learning. Customers using NWEA MAP Growth with HMH Waggle will benefit from placement into Waggle’s CODiE-award winning gamified personalized learning. The Read 180 and Math 180 student applications, trusted and effective intervention programs built on decades of research, will use MAP Growth data to place students into Tier 2 and Tier 3 intervention. This offers educators a powerful new option to deepen student learning through more targeted placement based on refined data.