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Shares of women's specialty retailer Chico's FAS (NYSE: CHS) rose slightly yesterday despite the company posting another quarterly loss.
The operator of 1,074 Chico's, White House/Black Market and Soma Intimates stores said its fourth-quarter loss widened on store impairment charges and severance costs, but absent those charges results exceeded Wall Street's expectations.
The loss for the quarter was $40.5 million, or 23 cents per share including the charges, and 14 cents per share without. Last year's fourth-quarter loss was $20.5 million, or 12 cents per share. Sales fell 9% from a year ago to $373.4 million, while same-store sales were off 13% overall (17% at Chico's and 5% at White House/Black Market).
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