|Bid||5.25 x 27000|
|Ask||0.00 x 800|
|Day's Range||6.01 - 6.17|
|52 Week Range||4.42 - 10.90|
|Beta (3Y Monthly)||0.61|
|PE Ratio (TTM)||9.71|
|Earnings Date||Mar 6, 2019|
|Forward Dividend & Yield||0.34 (5.73%)|
|1y Target Est||5.30|
Chico's FAS, Inc. announced the company plans to close at least 250 U.S. retail stores over the next three years as part of a strategy to rebalance the mix between its physical store presence and its digital network. The Fort Myers, Florida-based company’s brands include women’s clothing store Chico’s, intimates retailer Soma, and fashion boutique White House Black Market. The company said the timeframe will allow Chico’s FAs to take advantage of lease expirations and that closings will be weighted in the second and third years.
Chico's store closings will have the company shutting down 250 locations. Source: Adam Fagen via Flickr (Modified) The reason for the Chico's (NYSE:CHS) store closings has to do with the company's retail fleet optimization plan. The plan is for the company to continue to keep its current customer base while moving on to new platforms. This includes partnerships with ShopRunner, Amazon (NASDAQ:AMZN) and QVC. The Chico's store closings is the result of the company looking to put a greater focus on online sales and reducing its physical store count to compensate for this. As such, the company will close down 250 stores over the next three years. InvestorPlace - Stock Market News, Stock Advice & Trading Tips According to the company, the Chico's store closings taking place over the next three years will allow it to best utilize lease expiration cadence. It will also still let it improve on profitability and return on invested capital. The Chico's store closings wasn't the only news that the company had to announce today. It also provides an update to its outlook for its fiscal fourth quarter of 2018. The company says it is now expecting net sales for the quarter to be down in the low double digits. The previous guidance was for net sales to be down in the mid-teens during the quarter. * 7 Stocks at Risk of the Global Smartphone Slowdown Chico's also gives a date for its fiscal fourth quarter of 2018 earnings report. The company says it will be providing results for the quarter, as well as the fiscal year, on March 6, 2019. CHS stock was up 6% as of noon Friday. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post Chico's Store Closings: 250 Locations to Shut Their Doors appeared first on InvestorPlace.
were rising Friday after the company said it would close 250 stores over the next three years and focus on its digital operations. The stock was rising 1.85% to $6.04 a share in premarket trading, after declining 7.63% Thursday. Chico's said in a statement it was revamping its strategy and planned to partner with Amazon.com Inc.
Chico's FAS Inc. shares rose 1.9% in premarket trade Friday, after the company announced an overhaul of its operations with the aim of improving its online offering and customer service. The retailer said it has invested in technology and tools to improve its omnichannel capabilities and is reviewing its operations to find cost savings and efficiency improvements. The company will close 250 stores in the U.S. over the next three years as it expands its digital network, taking advantage of expiring leases. Chico's is also updating its fourth-quarter guidance and said sales and same-store sales were trending better than its previous outlook. It is now expecting sales to be down in the low double-digits, compared with a prior expectation of a mid-teens decline. Fourth-quarter gross margins are expected to decline by about 500 basis points compared with 2017, compared with a previous expectations for a decline of 400 to 500 basis points. Shares have fallen 56% in the last 12 months, while the S&P 500 has fallen 6%.
Chico's FAS, Inc. (CHS) (the "Company") today announced strategic initiatives to build on the Company's omnichannel platform and ensure that Chico's FAS has the agility, customer service and speed needed for long-term success in a competitive retail environment. Shelley Broader, the Company's CEO and President, said, "Our focus is on implementing those initiatives that drive the greatest levels of growth and profitability of our business.
FORT MYERS, Fla., Jan. 7, 2019 /PRNewswire/ -- Chico's FAS' (CHS) intimate apparel brand, Soma®, is reshaping the bra fit experience with the launch of SOMAINNOFIT™. Through a proprietary app supported by patented measurement technology from Like A Glove, the SOMAINNOFIT bra offers an easy, no guess solution that helps women find a best-fit bra without the need of a measuring tape or fit quiz. "SOMAINNOFIT continues the legacy of Soma's mission to break new ground with innovative styles and powerful solutions for women that focus on fit and uncompromising comfort," said Mary van Praag, President, Soma.
With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was Chico’s FAS, Inc. (NYSE:CHS). Chico’s FAS, Inc. (NYSE:CHS) investors should […]
Chico's FAS (CHS) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
The capabilities, which are being implemented in partnership with Salesfloor, are expected to enable a highly personalized shopping experience and superior service levels, whether online or in-store.
On Saturday, I happened to be outlet shopping with my favorite shopper (my wife), when we happened to walk by a Chico's store. Despite being within the store's target demographic, I had to drag her inside.
Once-hot Chico's shares plummeted by almost 40% on another ugly quarterly report. Meanwhile, even Burlington fans would probably be stunned at its consistently growing profitability.
It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. Yeti Holdings Inc. YETI : "Yeah, I think [its post-earnings dip is a buying opportunity].
Chico’s earnings for the period were below the Wall Street consensus estimate of 8 cents per share, according to analysts who were surveyed by FactSet. Chico’s added that its same-store sales suffered a 6.8% decline year-over-year due to a drop in transaction count and average dollar sales, while the Wall Street consensus outlook called for a decline of 1.4% on the same-store sales front, per FactSet. CHS stock is plummeting more than 38.3% on Wednesday as the company’s quarterly earnings results were well below what the Wall Street consensus estimate called for.
was down nearly 38% after reporting worse than expected third quarter earnings. Revenue of $499.8 million missed consensus estimates by about $16 million, while earnings per share of 5 cents were well below the 8 cent consensus. was down 11% after also reporting third quarter earnings.
Chico's FAS stock plunged 38.5% to $4.51 on Wednesday. Net sales, meantime, fell to $499.9 million from $532.3 million, below the FactSet consensus of $515.6 million. The company, which runs retail brands including White House Black Market and Soma, also lowered its 2018 net sales outlook to a "high single-digit" decline from a "mid single-digit" decline, and revised its same-store sales outlook to a "mid-single-digit" percentage decline from "low-to-mid single-digit" decline, the company said in a statement.
Chico's (CHS) delivered earnings and revenue surprises of -44.44% and -3.06%, respectively, for the quarter ended October 2018. Do the numbers hold clues to what lies ahead for the stock?
Shares of Chico's FAS Inc. plummeted 36% in morning trade Wednesday, enough to pace all decliners on the NYSE and within its retailer peer group, after the women's apparel and accessories retailer reported disappointing results and lowered guidance. The stock was on track for the lowest close since March 2009, and the biggest one-day decline since it went public in March 1993. Volume swelled to 5.7 million shares within the first 25 minutes after the open, compared with the full-day average of about 2.9 million shares. The stock has now plummeted 46% over the past 12 months, while the SPDR S&P Retail ETF has gained 6.8% and the S&P 500 has advanced 2.6%.