Chico's FAS, Inc. Announces Three-for-Two Stock Split

Apr 19, 2001, 01:00 ET from Chico's FAS, Inc.

    FORT MYERS, Fla., April 19 /PRNewswire/ -- Chico's FAS, Inc. (NYSE:   CHS)
 today announced that it's board of directors has approved a three-for-two
 stock split of the company's common stock.  One additional share for every two
 owned will be distributed May 16, 2001, to stockholders of record on May 2,
 2001. In lieu of issuing fractional shares in connection with the split,
 stockholders will receive a cash payment based on the NYSE closing price of
 the stock on May 2, 2001.  Chico's will have approximately 26.6 million shares
 outstanding after the split.
     "We are thrilled that the company's record growth and investors'
 confidence in our future have made this possible," said Marvin J. Gralnick,
 chief executive officer. "The stock split acknowledges that our initiatives
 are allowing the company to deliver upon its commitment to enhance shareholder
 value.  We also believe that the additional shares outstanding as a result of
 the stock split, coupled with our recent move to the New York Stock Exchange,
 will further benefit our shareholders by increasing the trading activity and
 liquidity of Chico's shares."
     Chico's sells exclusively designed, private-label women's casual clothing
 and related accessories. The company operates a chain of 254 stores in 39
 states and the District of Columbia.  The company owns 243 stores, franchisees
 own 11.
     Certain statements contained herein, including without limitation,
 statements addressing the beliefs, plans, objectives, estimates or
 expectations of the company or future results or events constitute "forward-
 looking statements" within the meaning of the Private Securities Litigation
 Reform Act of 1995, as amended.  Such forward-looking statements involve known
 or unknown risks, including, but not limited to, general economic and business
 conditions, and conditions in the specialty retail industry.  There can be no
 assurance that the actual future results, performance, or achievements
 expressed or implied by such forward-looking statements will occur.  Users of
 forward-looking statements are encouraged to review the company's latest
 annual report on Form 10-K, its filings on Form 10-Q, management's discussion
 and analysis in the company's latest annual report to stockholders, the
 company's filings on Form 8-K, and other federal securities law filings for a
 description of other important factors that may affect the company's business,
 results of operations and financial condition.  The company does not undertake
 to publicly update or revise its forward-looking statements even if experience
 or future changes make it clear that projected results expressed or implied in
 such statements will not be realized.
 
     For more detailed information, please call 877-424-4267 to listen to
 Chico's monthly sales information and investor relations line
     A copy of a slide show addressing Chico's recent financial results and
 current plans for expansion is available on the Chico's website at
 http://www.chicos.com in the investor relations section
     For additional information on Chico's FAS, Inc. free of charge via the
 Internet, please go to http://tirc.com/invest/chicos/index.htm
 
 

SOURCE Chico's FAS, Inc.
    FORT MYERS, Fla., April 19 /PRNewswire/ -- Chico's FAS, Inc. (NYSE:   CHS)
 today announced that it's board of directors has approved a three-for-two
 stock split of the company's common stock.  One additional share for every two
 owned will be distributed May 16, 2001, to stockholders of record on May 2,
 2001. In lieu of issuing fractional shares in connection with the split,
 stockholders will receive a cash payment based on the NYSE closing price of
 the stock on May 2, 2001.  Chico's will have approximately 26.6 million shares
 outstanding after the split.
     "We are thrilled that the company's record growth and investors'
 confidence in our future have made this possible," said Marvin J. Gralnick,
 chief executive officer. "The stock split acknowledges that our initiatives
 are allowing the company to deliver upon its commitment to enhance shareholder
 value.  We also believe that the additional shares outstanding as a result of
 the stock split, coupled with our recent move to the New York Stock Exchange,
 will further benefit our shareholders by increasing the trading activity and
 liquidity of Chico's shares."
     Chico's sells exclusively designed, private-label women's casual clothing
 and related accessories. The company operates a chain of 254 stores in 39
 states and the District of Columbia.  The company owns 243 stores, franchisees
 own 11.
     Certain statements contained herein, including without limitation,
 statements addressing the beliefs, plans, objectives, estimates or
 expectations of the company or future results or events constitute "forward-
 looking statements" within the meaning of the Private Securities Litigation
 Reform Act of 1995, as amended.  Such forward-looking statements involve known
 or unknown risks, including, but not limited to, general economic and business
 conditions, and conditions in the specialty retail industry.  There can be no
 assurance that the actual future results, performance, or achievements
 expressed or implied by such forward-looking statements will occur.  Users of
 forward-looking statements are encouraged to review the company's latest
 annual report on Form 10-K, its filings on Form 10-Q, management's discussion
 and analysis in the company's latest annual report to stockholders, the
 company's filings on Form 8-K, and other federal securities law filings for a
 description of other important factors that may affect the company's business,
 results of operations and financial condition.  The company does not undertake
 to publicly update or revise its forward-looking statements even if experience
 or future changes make it clear that projected results expressed or implied in
 such statements will not be realized.
 
     For more detailed information, please call 877-424-4267 to listen to
 Chico's monthly sales information and investor relations line
     A copy of a slide show addressing Chico's recent financial results and
 current plans for expansion is available on the Chico's website at
 http://www.chicos.com in the investor relations section
     For additional information on Chico's FAS, Inc. free of charge via the
 Internet, please go to http://tirc.com/invest/chicos/index.htm
 
 SOURCE  Chico's FAS, Inc.