Chico’s Q4 earnings up 21%
Fort Meyers, Fla. — Chico’s FAS reported that its fourth quarter earnings rose a better-then-expected 21%, helped by a strong performance of its White House | Black Market brand.
For the quarter, the chain posted a profit of $25.1 million, up from $20.7 million a year earlier.
Sales rose 20% to $569.2 million. Same-store sales increased 8.7%. By division, the Chico’s/Soma Intimates brands’ comparable sales increased 5.5% and White House | Black Market same-store sales increased 15.4%.
Zale reports higher Q2 profit
Dallas — Zale Corp. posted a higher second quarter profit helped by a surge in holiday sales. Net profit rose to $28.8 million, from $27.2 million a year ago.
Overall revenue rose 6% to $663.8 million. Same-store sales rose 5.8%.
Dollar Tree profit rises
Chesapeake, Va. — Dollar Tree Inc. reported a higher-than-expected profit for the fourth quarter ended on Jan. 28. But the chain forecast quarterly earnings and sales below Wall Street estimates amid rising gasoline prices and increased competition from larger rivals.
For the quarter, net income rose to $187.9 million, from $162.5 million a year earlier.
Sales rose about 12.8% to $1.95 billion. Same-store sales were up 7.3%.