Fewer markdowns and a focus on omnichannel growth propped up Chico’s FAS Inc.’s fourth-quarter earnings 25.6 percent, the women’s apparel retailer said Thursday.
For the period ended Feb. 2, the Fort Myers, Fla.-based chain earned $31.5 million, or 19 cents a diluted share, compared with year-ago earnings of $25.1 million, or 15 cents a share. Excluding costs related to its Boston Proper acquisition, earnings totaled 20 cents a share, which matched analysts’ predictions.
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