Chicos FAS (CHS) Declares $0.0775 Quarterly Dividend; 1.8% Yield
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Chicos FAS (CHS) Tops Q4 EPS by 3c; Plans Store Closures, Job Cuts
February 26, 2015 7:02 AM ESTChicos FAS (NYSE: CHS) reported Q4 EPS of $0.05, $0.03 better than the analyst estimate of $0.02. Revenue for the quarter came in at $656.9 million versus the consensus estimate of $639.93 million.
Comps rose 4.3%.
New Capital Allocation and Cost Reduction Initiatives
The Company remains committed to returning excess cash to shareholders and announced today that it expects to execute a $250 million accelerated share repurchase agreement in the first quarter of fiscal 2015 to be financed through a combination of cash and debt. At the end of the fourth quarter, the Company had $290 million remaining under its existing... More
