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Article Excerpt
M2 PRESSWIRE-31 May 2007-EXPLORATIONINVESTOR.com: Chicos FAS Reports First Quarter Financial Results(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:31052007
Exploration Investor strives to provide you with outstanding market results. We will be your number one resource for all your small and large cap needs. While working to keep you in touch with market activity, we also will keep you updated on the latest press. Today we have identified, Chico's FAS, Inc. (NYSE: CHS) due to the attention they received after this recent corporate development.
Chico's FAS, Inc. (NYSE: CHS) yesterday May 30th announced its financial results for the fiscal 2007 first quarter ended May 5, 2007.
Net sales for the first quarter ended May 5, 2007 increased 16.0% to $453 million from $391 million for the fiscal 2006 first quarter ended April 29, 2006. Income from continuing operations for the fiscal 2007 first quarter was $49 million, or $0.28 a diluted share, compared to income from continuing operations of $53 million, or $0.29 a diluted share in the prior year's first quarter. As previously reported, comparable store sales for the Company-owned stores decreased 1.6% for the thirteen-week period ended May 5, 2007 compared to the thirteen-week period last year ending May 6, 2006 (the Chico's brand same store sales decreased by approximately 1% and the WH|BM brand's same store sales decreased by approximately 2%).
Gross profit for the fiscal 2007 first quarter increased...
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