Chico's Hits Records for Q4, 2002

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Chico's FAS Inc., Fort Myers, FL, announced record results yesterday for the fourth quarter and fiscal year ended Feb. 1.


Net income for the 2002 fiscal year was $66.8 million, up 58.2 percent from $42.2 million in the 52 weeks ended Feb. 2, 2002. Net sales jumped 40.5 percent to $531 million from $378 million in the prior period. Comparable-store sales for company-owned stores rose 13.5 percent.


During the fourth quarter, net income was $15 million compared with $9.8 million in the quarter ended Feb. 2, 2002. Net sales in the quarter climbed 36.4 percent to $138 million over the 2001 Q4. Comparable-store sales for company-owned stores rose 11 percent.


Net sales by catalog and Internet totaled $16.07 million for the year, compared with $10.2 million in 2001. Q4 net sales by catalog were $5.15 million, up from 2.89 million in the 2001 Q4.


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