Chico's Fas (CHS) 8-K Chico's FAS, Inc. Reports Third Quarter Results

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%