Chico’s reports Q3 loss, comparable sales down 2.2 percent

Chico’s FAS, Inc. has said that net sales for the third quarter were 484.7 million dollars, a decrease of 3 percent, which reflects a comparable sales decline of 2.2 percent as well as the impact of 58 net store closures since last year’s third quarter. Net loss for the period was 8.1 million dollars or 7 cents per diluted share, compared to net income of 6.5 million dollars or 5 cents earnings per diluted share, for the same quarter last year. The company reported third quarter adjusted net loss of 4.6 million dollars or 4 cents loss per diluted share.