Attached files
| file | filename |
|---|---|
| 8-K - 8-K - CHICO'S FAS, INC. | q32015earningsrelease8-k.htm |
| EX-99.1 - EXHIBIT 99.1 - CHICO'S FAS, INC. | erexhibit991q32015.htm |
Exhibit 99.2
The Company reports its consolidated financial results in accordance with generally accepted accounting principles (GAAP). However, to supplement these consolidated financial results, management believes that certain non-GAAP results, which exclude results from non-continuing operations, may provide a more meaningful measure on which to compare the Company’s results of operations between periods. The tables below present a reconciliation of selected consolidated financial data on a GAAP basis to selected consolidated financial data on a non-GAAP adjusted basis, when excluding Boston Proper:
Chico's FAS, Inc. and Subsidiaries | ||||||||||||||||||||||||
Reconciliation of Reported to Adjusted Consolidated Financial Data, Excluding Boston Proper | ||||||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Selected Consolidated Financial Data, | ||||||||||||||||||||||||
As Reported | ||||||||||||||||||||||||
Thirteen Weeks Ended | Thirty-Nine Weeks Ended | |||||||||||||||||||||||
May 2, 2015 | August 1, 2015 | October 31, 2015 | October 31, 2015 | |||||||||||||||||||||
Amount | % of Sales | Amount | % of Sales | Amount | % of Sales | Amount | % of Sales | |||||||||||||||||
Net sales | 693,339 | 100.0% | 680,352 | 100.0% | 641,219 | 100.0% | 2,014,910 | 100.0% | ||||||||||||||||
Gross margin | 395,770 | 57.1% | 365,968 | 53.8% | 350,482 | 54.7% | 1,112,220 | 55.2% | ||||||||||||||||
Selling, general and administrative expenses | 328,217 | 47.4 | % | 308,437 | 45.3% | 327,575 | 51.1% | 964,229 | 47.9% | |||||||||||||||
Subtotal | 67,553 | 9.7 | % | 57,531 | 8.5% | 22,907 | 3.6% | 147,991 | 7.3% | |||||||||||||||
Boston Proper | ||||||||||||||||||||||||
Thirteen Weeks Ended | Thirty-Nine Weeks Ended | |||||||||||||||||||||||
May 2, 2015 | August 1, 2015 | October 31, 2015 | October 31, 2015 | |||||||||||||||||||||
Amount | % of Sales | Amount | % of Sales | Amount | % of Sales | Amount | % of Sales | |||||||||||||||||
Net sales | 23,782 | 100.0% | 24,209 | 100.0% | 17,312 | 100.0% | 65,303 | 100.0% | ||||||||||||||||
Gross margin | 10,478 | 44.1% | 10,923 | 45.1% | 5,826 | 33.7% | 27,227 | 41.7% | ||||||||||||||||
Selling, general and administrative expenses | 14,866 | 62.5% | 14,163 | 58.5% | 11,466 | 66.2% | 40,495 | 62.0% | ||||||||||||||||
Subtotal | (4,388 | ) | -18.4% | (3,240 | ) | -13.4% | (5,640 | ) | -32.6% | (13,268 | ) | -20.3% | ||||||||||||
Selected Consolidated Financial Data, | ||||||||||||||||||||||||
Adjusted | ||||||||||||||||||||||||
Thirteen Weeks Ended | Thirty-Nine Weeks Ended | |||||||||||||||||||||||
May 2, 2015 | August 1, 2015 | October 31, 2015 | October 31, 2015 | |||||||||||||||||||||
Amount | % of Sales | Amount | % of Sales | Amount | % of Sales | Amount | % of Sales | |||||||||||||||||
Net sales | 669,557 | 100.0% | 656,143 | 100.0% | 623,907 | 100.0% | 1,949,607 | 100.0% | ||||||||||||||||
Gross margin | 385,292 | 57.5% | 355,045 | 54.1% | 344,656 | 55.3 | % | 1,084,993 | 55.7% | |||||||||||||||
Selling, general and administrative expenses | 313,351 | 46.8% | 294,274 | 44.8% | 316,109 | 50.7% | 923,734 | 47.4% | ||||||||||||||||
Subtotal | 71,941 | 10.7% | 60,771 | 9.3% | 28,547 | 4.5% | 161,259 | 8.3% | ||||||||||||||||