Chico's Hits Records for Q4, 2002
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.