Chico's FAS (CHS) Reports Decline in January Same-Store Sales, Reaffirms Q4 Loss

Chico's FAS, Inc. (NYSE: CHS) reported that its sales results for the four-week period ended February 2, 2008, decreased 25.0% to $94.1 million from $125.4 million reported for the five-week period ended February 3, 2007.

Comparable store sales decreased 22.1% for the four-week period ended February 2, 2008, compared to the same four-week period last year ending February 3, 2007.

"...We continue to believe the Company's fourth quarter financial performance should fall within the range set forth in our December sales release of a loss of $0.13 to $0.16 per diluted share." (Consensus is -$0.15)

Chico's FAS, Inc. is a specialty retailer of private-label, casual-to-dressy clothing, intimates, complementary accessories and other non-clothing gift items.

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