Fashion Retailing, FSHN 2305, will focus on many retail issues. Profit and loss will be one of them. Just-Style.com provides information like this quoted article.
Chico’s announced net income of $35.4m for the first quarter, compared to $14.5 for last year’s period, which included non-cash impairment charges totaling approximately $5.1m.
Net sales increased from $410.6m in last year’s first quarter to $481.6m this time, and same-store sales increased 14.9% for the quarter.
The Chico’s/Soma Intimates brands’ same-store sales increased 14.8% compared to a 6.0% decrease for the like period last year, the company said.
Chico’s gross margin increased from $233.4m in last year’s first quarter to $281.6m in the current quarter. Selling, general and administrative expenses increased from $211.6m in last year’s first quarter to $226.5m in the current quarter.”
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