Chico’s reports Q3 GAAP EPS 4c vs. 20c last year

Reports Q3 revenue $505M vs. $518.3M last year. Reports Q3 adjusted EPS 11c. “We delivered third quarter results in line with our outlook,” said Molly Langenstein, Chico’s FAS CEO and President. “Our results reflect our team’s continued execution on our four strategic pillars of customer led, product obsessed, digital first, and operationally excellent.” Langenstein added, “We are excited about the next chapter in our Company’s future with the pending acquisition by Sycamore Partners. We believe they will provide Chico’s FAS with additional expertise, financial resources, and strategic flexibility to further fuel our growth. Our commitment to providing solutions, building communities, and creating memorable experiences to bring women confidence and joy is shared by Sycamore Partners. We look forward to working with them to unlock Chico’s FAS’s full potential.”