"Chico's strong results are driven by great merchandise," saysPresident & CEO Scott A. Edmonds. "It is this intense focus onour merchandise that will propel us over the $1 billion in revenuemark for fiscal year '04." He continues: "While we are proud ofthis accomplishment, we've set a new goal of $2 billion inrevenue…"
Chico's net sales for the third quarter ended October 30, 2004,increased 28.1% to a record $270 million from $211 million for sameperiod last year. Net income rose 38.6% to $37 million, or $0.41 adiluted share, compared to net income of $27 million, or $0.30 adiluted share, in the prior year's third quarter.
Same-store sales for company-owned units increased 6.1% for the13-week period ended October 30, 2004, compared to the same 13-weekperiod lastyear.
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