Chico's reports Q4 net loss of 16.6 million dollars

For the thirteen weeks ended February 2, 2019, Chico’s FAS reported a net loss of 16.6 million dollars or 14 cents per share compared to net income of 28 million dollars or 22 cents per diluted share, for the fourteen weeks ended February 3, 2018, while adjusted net loss was 8.6 million dollars or 7 cents diluted loss per share compared to adjusted net income of 14.5 million dollars or 11 cents per diluted share. For the fifty-two weeks, the company reported net income of 35.6 million dollars or 28 cents per diluted share compared to 101 million dollars or 79 cents per diluted share, for the fifty-three weeks ended February 3, 2018, while adjusted net income totalled 38.8 million dollars or 31 cents per share compared to 92.7 million dollars or 72 cents per share.