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Chico’s Q4 up 26%; to open Boston Proper stores
Fort Meyers, Fla. -- Chico's FAS’ fiscal fourth quarter net income rose 26%, helped by new store openings and the same of more items at full price. The quarter also had an extra week of sales.
Chico’s earned $31.5 million for the 14 weeks ended Feb. 2, compared with $25.1 million in the 13-week period a year earlier.
Revenue rose 15% to $651.9 million, from $569.2 million. Wall Street analysts had expected higher revenue of $666.1 million.
Same-store sales rose 3.7%.
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TJX profit surges in Q4; full-year forecast below expectations
Framingham, Mass. -- The TJX Cos. reported Wednesday a profit of $604.8 million for the quarter ended Feb. 2, compared with $475.3 million in the year-ago period. Despite the strong showing, TJX forecast a slowed growth pace for the new fiscal year and issued a profit forecast below analysts’ expectations. And joining many other retailers, the company announced that beginning with the fiscal 2014 second quarter, it will no longer report monthly sales.