Chico's Gets Outfitted for Company's Third Stock Split

Before the opening bell, Chico's FAS, Inc. (NYSE:CHS) announced the Board of Directors' approval of a 3-for-2 stock split, payable in the form of a 50% stock dividend to shareholders of record on May 2. The payable date is May 16, with the stock trading on a split-adjusted basis on May 17, effectively increasing the outstanding shares to approximately 27 million.

CHS announced its move from the Nasdaq to the New York Stock Exchange on April 11, 2001. Chico's was listed on the Nasdaq since the Company's IPO in 1993 and has seen two previous stock splits from that time.

CHS shares traded up +0.61 to 41.95 by midday on Thursday.

About the Company:

Chico's sells exclusively designed, private-label women's casual clothing and related accessories. The Company operates a chain of 251 stores in 39 states and the District of Columbia. The Company owns 240 stores, franchisees own 11. (company press release)

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