Chico's fas q1 loss per share $1.55

Chico's fas, inc. reports first quarter results.q1 loss per share $1.55.q1 earnings per share estimate $-0.25 -- refinitiv ibes data.q1 sales $280.3 million versus refinitiv ibes estimate of $324.6 million.63% of stores now open; 80% of fleet open by june 12.double-digit increase in digital sales during april closure period.suspended quarterly dividend beginning in q2.chico's fas - as part of reopening plan, is offering customers buy on-line, pick-up in-store with contactless curbside pickup & shop-by-appointment.q2 sales are planned to be better than q1.q1 results were significantly impacted by covid-19 pandemic and included significant after-tax charges totaling $134.8 million.chico's fas - remains confident it currently has sufficient liquidity to repay obligations as they become due for foreseeable future.not providing updated fiscal 2020 guidance at this time.chico's fas - does not currently expect significant inventory write-offs over remaining 3 qtrs of fiscal 2020.chico's fas - anticipate closing about 50 to 60 stores permanently over remainder of fiscal 2020.
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