Women's specialty retailer Chico's FAS Inc announced its financial results for the fourth quarter and fiscal year ended January 28, 2006.
For the fiscal year ended January 28, 2006, which included fifty-two weeks, net income rose 37.4 percent to a record $194 million, or $1.06 per diluted share, compared to net income of $141 million, or $0.78 per diluted share, in the fifty-two week fiscal year ended January 29, 2005.
Net sales for the fiscal year increased 31.7 percent to a record $1.4 billion from $1.1 billion in the prior fiscal year.
Comparable store sales for the Company-owned stores increased 14.3 percent for the fifty-two week fiscal year compared to the same fifty- two week period last year.
Chico's FAS is a specialty retailer of private label, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items.
The Company operates 780 women's specialty stores, including stores in 47 states, the District of Columbia, the US Virgin Islands and Puerto Rico operating under the Chico's, White House | Black Market, Soma by Chico's and Fitigues names.
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