On March 6, specialty-clothing retailer Chico's FAS
- During the fourth quarter, the company opened 51 stores, closed two, and expanded or relocated 26.
- In fiscal 2007, management plans to open 135 to 145 new stores, of which 55 to 60 will be Chico's stores, 55 to 60 will be White House/Black Market, and 20 to 25 will be Soma.
- In the first quarter of fiscal 2007, the company plans to close the Fitigues brand that was acquired in fiscal 2006.
- Chico's anticipates 22%-24% growth in selling square footage for fiscal 2007.
- More than 600 Fools have rated Chico's in our Motley Fool CAPS intelligence database and given the company four out of a possible five stars. Come to CAPS and tell us about your favorite retailers.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$446.3 |
$375.7 |
18.8% |
|
Net Profit |
$18.2 |
$44.5 |
(59.1%) |
|
EPS |
$0.10 |
$0.24 |
(58.3%) |
|
Diluted Shares |
176.4 |
183.2 |
(3.7%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
54% |
59.4% |
(5.4) |
|
Operating Margin |
5.7% |
17.7% |
(12.1) |
|
Net Margin |
4.1% |
11.8% |
(7.8) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$275.5 |
$404.5 |
(31.9%) |
|
Accounts Rec. |
$14.2 |
$7.2 |
96.8% |
|
Inventory |
$110.8 |
$95.4 |
16.2% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$55.7 |
$47.4 |
17.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
2006 |
2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$289.0 |
$268.4 |
7.7% |
|
Capital Expenditures |
$218.3 |
$147.6 |
47.9% |
|
Free Cash Flow |
$70.7 |
$120.8 |
(41.5%) |
Find out why Fools always follow the money.
Related Foolishness:
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- Growth and Income From Limited Brands
- Christopher & Banks Can't Wait for Spring
- Fool on the Street: Chico's Ready to Start Fresh
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