Chico’s FAS Inc. continued to grab market share in the third quarter.
The firm’s earnings jumped 57.4 percent to $41.7 million, or 25 cents a share, from $26.5 million, or 16 cents, a year earlier.
Excluding costs associated with September 2011 acquisition of direct merchant Boston Proper, Chico’s earnings per diluted share rose to 25 cents from 18 cents a year earlier and were 3 cents ahead of the 22 cents analysts projected.
Total sales advanced 18.2 percent to $636.7 million from $538.5 million with a 9.9 percent rise in comparable-store sales.
For the full year, the company projected comp sales growth in the midsingle-digit range.
David Dyer, president and chief executive officer, told analysts on a conference call that he was being cautious heading into the holiday season given the uncertainties around the economy and the fiscal cliff.
“We are planning with one foot on the accelerator and one foot on the brake,” Dyer said. “There is no sense to plan aggressively or to get our inventory ahead of our business. When that happens, when you plan the inventory ahead of the business, if the business does not come, you’ve got things to get out of.”
Investors took a cautious approach too, pushing shares of the firm down 0.8 percent to $18.02 Tuesday. The Fort Myers, Fla.-based firm has 1,209 full-price stores under the Chico’s, White House|Black Market and Soma Intimates nameplates.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)