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.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty