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Stock Market & Financial Investment News

News Breaks
August 22, 2014
07:29 EDTCHSChico's FAS September volatility elevated into Q2 and outlook
Chico's FAS September call option implied volatility of is at 38, October is at 34, January is at 29; compared to its 26-week average of 33 according to Track Data. Active put volume suggesting large near term price movement into the expected release of Q2 results before the open on August 27.
News For CHS From The Last 14 Days
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February 26, 2015
07:25 EDTCHSChico's sees FY15 comparable sales increase in positive, low single digits
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07:24 EDTCHSChico's announced organization realignment, eliminates 240 existing positions
The company announced an organizational realignment to ensure that resources are better aligned with long-term growth initiatives, including omni-channel. The changes resulted in the elimination of approximately 240 existing positions, which is expected to result in approximately $38M of annualized savings. The corporate organizational realignment resulted in a 12% reduction of the company's headquarters and field management employee base. In the fourth quarter of 2014, the company recorded pre-tax restructuring charges related to headcount reductions, including severance and other charges, of approximately $8.2M.
07:23 EDTCHSChico's expects to increase rate of domestic store closures
The company expects to close approximately 120 stores starting in fiscal 2015 through 2017. These 120 store closings are expected to ultimately result in expense savings of approximately $55.2 million upon completion. In the fourth quarter of 2014, the company recorded pre-tax impairment charges associated with the accelerated closures of approximately $5.3M. For fiscal 2015, the Company plans to close approximately 35 stores.
07:23 EDTCHSChico's sees FY15 CapEx $100M
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07:22 EDTCHSChico's expects to execute $250M accelerated share repurchase agreement in Q1
At the end of the fourth quarter, the company had $290M remaining under its existing authorization.
07:21 EDTCHSChico's reports Q4 comparable sales growth of 4.3%
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07:20 EDTCHSChico's reports Q4 adjusted EPS 5c, consensus 2c
Reports Q4 revenue $656.91M, consensus $639.93M
February 25, 2015
09:08 EDTCHSOn The Fly: Pre-market Movers
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06:28 EDTCHSSycamore cancels attempt to buy Chico's, WSJ says
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February 24, 2015
09:59 EDTCHSChico's management to meet with Oppenheimer
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