Chico's Fas (CHS) 10-Q 1 Sep 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jul. 30, 2022	Aug. 22, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 30, 2022
Document Transition Report	false
Entity File Number	001-16435
Entity Registrant Name	Chico's FAS, Inc.
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	59-2389435
Entity Address, Address Line One	11215 Metro Parkway
Entity Address, City or Town	Fort Myers
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33966
City Area Code	239
Local Phone Number	277-6200
Title of 12(b) Security	Common Stock, Par Value $0.01 Per Share
Trading Symbol	CHS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		125,093,219
Amendment Flag	false
Entity Central Index Key	0000897429
Current Fiscal Year End Date	--01-29
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Income Statement [Abstract]
Net Sales	$ 558,720	$ 472,059	$ 1,099,635	$ 860,020
Net Sales, as a Percentage	100%	100%	100%	100%
Cost of goods sold	$ 327,206	$ 290,601	$ 651,556	$ 551,767
Cost of goods sold, as a Percentage of Sales	58.60%	61.60%	59.30%	64.20%
Gross Margin	$ 231,514	$ 181,458	$ 448,079	$ 308,253
Gross Margin, as a Percentage of Sales	41.40%	38.40%	40.70%	35.80%
Selling, general and administrative expenses	$ 173,297	$ 145,849	$ 344,455	$ 280,168
Selling, general and administrative expenses, as a Percentage of Sales	31%	30.90%	31.30%	32.50%
Income from Operations	$ 58,217	$ 35,609	$ 103,624	$ 28,085
Income from Operations, as a Percentage of Sales	10.40%	7.50%	9.40%	3.30%
Interest expense, net	$ (1,056)	$ (1,722)	$ (2,031)	$ (3,427)
Interest expense, net, as a Percentage of Sales	(0.20%)	(0.30%)	(0.20%)	(0.40%)
Income before Income Taxes	$ 57,161	$ 33,887	$ 101,593	$ 24,658
Income before Income Taxes, as a Percentage of Sales	10.20%	7.20%	9.20%	2.90%
Income tax provision	$ 15,200	$ 7,700	$ 24,700	$ 7,400
Income tax provision, as a Percentage of Sales	2.70%	1.70%	2.20%	0.90%
Net Income	$ 41,961	$ 26,187	$ 76,893	$ 17,258
Net Income, as a Percentage of Sales	7.50%	5.50%	7%	2%
Per Share Data:
Net income per common share - basic (in dollars per share)	$ 0.35	$ 0.22	$ 0.64	$ 0.15
Net income per common and common equivalent share – diluted (in dollars per share)	$ 0.34	$ 0.21	$ 0.62	$ 0.14
Weighted average common shares outstanding – basic (in shares)	120,003	117,021	119,498	116,855
Weighted average common and common equivalent shares outstanding – diluted (in shares)	123,897	122,723	123,580	121,222

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 41,961	$ 26,187	$ 76,893	$ 17,258
Other comprehensive income:
Unrealized gains (losses) on marketable securities, net of taxes	5	(20)	5	(54)
Comprehensive income	$ 41,966	$ 26,167	$ 76,898	$ 17,204

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
Current Assets:
Cash and cash equivalents	$ 157,233	$ 115,105	$ 126,298
Marketable securities, at fair value	15,301	0	10,891
Inventories	338,761	323,389	202,128
Prepaid expenses and other current assets	47,553	41,871	50,428
Income tax receivable	12,654	13,698	41,698
Total Current Assets	571,502	494,063	431,443
Property and Equipment, net	181,093	195,332	208,925
Right of Use Assets	438,959	463,077	529,945
Other Assets:
Goodwill	16,360	16,360	16,360
Other intangible assets, net	5,000	5,000	5,000
Other assets, net	19,599	23,005	21,394
Total Other Assets	40,959	44,365	42,754
Total Assets	1,232,513	1,196,837	1,213,067
Current Liabilities:
Accounts payable	173,891	180,828	119,387
Current lease liabilities	165,345	172,506	163,376
Other current and deferred liabilities	143,181	134,051	126,254
Total Current Liabilities	482,417	487,385	409,017
Noncurrent Liabilities:
Long-term debt	99,000	99,000	149,000
Long-term lease liabilities	350,797	381,081	454,164
Other noncurrent and deferred liabilities	2,422	7,867	13,800
Total Noncurrent Liabilities	452,219	487,948	616,964
Commitments and Contingencies (see Note 10)
Shareholders’ Equity:
Preferred stock, $0.01 par value; 2,500 shares authorized; no shares issued and outstanding	0	0	0
Common stock, $0.01 par value; 400,000 shares authorized; 166,481 and 163,823 and 163,862 shares issued respectively; and 125,184 and 122,526 and 122,565 shares outstanding, respectively	1,252	1,225	1,226
Additional paid-in capital	508,105	508,654	503,168
Treasury stock, at cost, 41,297 shares, respectively	(494,395)	(494,395)	(494,395)
Retained earnings	282,910	206,020	177,077
Accumulated other comprehensive gain	5	0	10
Total Shareholders’ Equity	297,877	221,504	187,086
Total Liabilities and Shareholders' Equity	$ 1,232,513	$ 1,196,837	$ 1,213,067

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) - Parenthetical - $ / shares	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
Statement of Financial Position [Abstract]
Preferred share par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred shares authorized (in shares)	2,500,000	2,500,000	2,500,000
Preferred shares issued (in shares)	0	0	0
Preferred shares outstanding (in shares)	0	0	0
Common share par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common shares authorized (in shares)	400,000,000	400,000,000	400,000,000
Common shares issued (in shares)	166,481,000	163,823,000	163,862,000
Common shares outstanding (in shares)	125,184,000	122,526,000	122,565,000
Treasury shares at cost (in shares)	41,297,000	41,297,000	41,297,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Gain
Beginning Balance (in shares) at Jan. 30, 2021		119,735
Treasury stocks, beginning balance (in shares) at Jan. 30, 2021				41,297
Beginning Balance at Jan. 30, 2021	$ 165,119	$ 1,197	$ 498,488	$ (494,395)	$ 159,765	$ 64
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	17,258				17,258
Unrealized gains (losses) on marketable securities, net of taxes	(54)					(54)
Issuance of common stock (in shares)		3,148
Issuance of common stock	0	$ 32	(32)
Dividends on common stock	54				54
Repurchase of common stock & tax withholdings related to share-based awards (in shares)		(318)
Repurchase of common stock & tax withholdings related to share-based awards	(980)	$ (3)	(977)
Share-based compensation	$ 5,689		5,689
Treasury stocks, ending balance (in shares) at Jul. 31, 2021				41,297
Ending Balance (in shares) at Jul. 31, 2021	122,565	122,565
Ending Balance at Jul. 31, 2021	$ 187,086	$ 1,226	503,168	$ (494,395)	177,077	10
Beginning Balance (in shares) at May. 01, 2021		122,566
Treasury stocks, beginning balance (in shares) at May. 01, 2021				41,297
Beginning Balance at May. 01, 2021	158,282	$ 1,226	500,453	$ (494,395)	150,968	30
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	26,187				26,187
Unrealized gains (losses) on marketable securities, net of taxes	(20)					(20)
Issuance of common stock (in shares)		23
Issuance of common stock	(1)		(1)
Dividends on common stock	(78)				(78)
Repurchase of common stock & tax withholdings related to share-based awards (in shares)		(24)
Repurchase of common stock & tax withholdings related to share-based awards	(158)		(158)
Share-based compensation	$ 2,874		2,874
Treasury stocks, ending balance (in shares) at Jul. 31, 2021				41,297
Ending Balance (in shares) at Jul. 31, 2021	122,565	122,565
Ending Balance at Jul. 31, 2021	$ 187,086	$ 1,226	503,168	$ (494,395)	177,077	10
Beginning Balance (in shares) at Jan. 29, 2022	122,526	122,526
Treasury stocks, beginning balance (in shares) at Jan. 29, 2022				41,297
Beginning Balance at Jan. 29, 2022	$ 221,504	$ 1,225	508,654	$ (494,395)	206,020	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	76,893				76,893
Unrealized gains (losses) on marketable securities, net of taxes	5					5
Issuance of common stock (in shares)		4,255
Issuance of common stock	156	$ 43	113
Dividends on common stock	(3)				(3)
Repurchase of common stock & tax withholdings related to share-based awards (in shares)		(1,597)
Repurchase of common stock & tax withholdings related to share-based awards	(7,835)	$ (16)	(7,819)
Share-based compensation	$ 7,157		7,157
Treasury stocks, ending balance (in shares) at Jul. 30, 2022				41,297
Ending Balance (in shares) at Jul. 30, 2022	125,184	125,184
Ending Balance at Jul. 30, 2022	$ 297,877	$ 1,252	508,105	$ (494,395)	282,910	5
Beginning Balance (in shares) at Apr. 30, 2022		125,161
Treasury stocks, beginning balance (in shares) at Apr. 30, 2022				41,297
Beginning Balance at Apr. 30, 2022	252,778	$ 1,251	504,977	$ (494,395)	240,945	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	41,961				41,961
Unrealized gains (losses) on marketable securities, net of taxes	5					5
Issuance of common stock (in shares)		59
Issuance of common stock	13	$ 1	12
Dividends on common stock	4				4
Repurchase of common stock & tax withholdings related to share-based awards (in shares)		(36)
Repurchase of common stock & tax withholdings related to share-based awards	(177)		(177)
Share-based compensation	$ 3,293		3,293
Treasury stocks, ending balance (in shares) at Jul. 30, 2022				41,297
Ending Balance (in shares) at Jul. 30, 2022	125,184	125,184
Ending Balance at Jul. 30, 2022	$ 297,877	$ 1,252	$ 508,105	$ (494,395)	$ 282,910	$ 5

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021
Cash Flows from Operating Activities:
Net income	$ 76,893	$ 17,258
Adjustments to reconcile net income to net cash provided by operating activities:
Inventory write-offs	434	374
Depreciation and amortization	22,886	27,348
Non-cash lease expense	90,293	95,317
Loss on disposal and impairment of property and equipment, net	2,126	1,335
Deferred tax benefit	(432)	250
Share-based compensation expense	7,157	5,689
Changes in assets and liabilities:
Inventories	(15,806)	1,481
Prepaid expenses and other assets	(1,136)	(8,165)
Income tax receivable	1,044	16,442
Accounts payable	(6,635)	2,991
Accrued and other liabilities	2,683	6,259
Lease liability	(103,508)	(132,549)
Net cash provided by operating activities	75,999	34,030
Cash Flows from Investing Activities:
Purchases of marketable securities	(16,324)	(219)
Proceeds from sale of marketable securities	1,029	7,826
Purchases of property and equipment	(10,191)	(5,150)
Net cash (used in) provided by investing activities	(25,486)	2,457
Cash Flows from Financing Activities:
Payments of debt issuance costs	(706)	0
Proceeds from issuance of common stock	156	0
Payments of tax withholdings related to share-based awards	(7,835)	(980)
Net cash used in financing activities	(8,385)	(980)
Net increase in cash and cash equivalents	42,128	35,507
Cash and Cash Equivalents, Beginning of period	115,105	90,791
Cash and Cash Equivalents, End of period	157,233	126,298
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	2,415	3,053
Cash (paid) received for income taxes, net	$ (16,559)	$ 15,976

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jul. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements of Chico's FAS, Inc., a Florida corporation, and its wholly-owned subsidiaries (the "Company") have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and notes required by accounting principles generally accepted in the U.S. for complete financial statements. In the opinion of management, such interim financial statements reflect all normal, recurring adjustments considered necessary to present fairly the condensed consolidated financial position, the results of operations and cash flows for the interim periods presented. All significant intercompany balances and transactions have been eliminated in consolidation. The fiscal year ended January 29, 2022 balance sheet data was derived from audited consolidated financial statements. For further information, refer to the consolidated financial statements and notes thereto for the fiscal year ended January 29, 2022, included in the Company's Annual Report on Form 10-K for the fiscal year ended January 29, 2022 filed with the Securities and Exchange Commission ("SEC") on March 15, 2022 ("2021 Annual Report on Form 10-K"). As used in this report, all references to "we," "us," "our", "the Company" and "Chico's FAS," refer to Chico's FAS, Inc. and all of its wholly-owned subsidiaries. Our fiscal years end on the Saturday closest to January 31 and are designated by the calendar year in which the fiscal year commences. Operating results for the thirteen and twenty-six weeks ended July 30, 2022 are not necessarily indicative of the results that may be expected for the entire year. COVID-19 Pandemic Update The novel strain of coronavirus (‘‘COVID-19’’) pandemic (the ‘‘COVID-19 pandemic’’ or the ‘‘pandemic’’) resulted in significant challenges across our business since March 2020 and is expected to continue to disrupt our business operations for fiscal 2022 to varying degrees. In response to the pandemic, many of our markets imposed limitations, varying by market and in frequency, on the access to the Company’s store fleet, including temporary store closures and/or a reduction in hours, staffing and capacity. We continue to focus on evolving consumer demand emerging from the pandemic and have accelerated our transformation to a digital-first company, fast-tracking numerous innovation and technology investments across all three of our brands. Even as governmental restrictions have relaxed and markets are primarily open, we expect continued uncertainty and volatility on our business operations, operating results and operating cash flows as the ongoing economic impacts and health concerns associated with the pandemic continue to affect consumer behavior, spending levels and shopping preferences and cause disruptions to the supply chain and increase our raw materials and freight costs. Due to the uncertainty over the duration and severity of the economic and operational impacts of the pandemic, the adverse impacts of the pandemic may continue throughout our fiscal year 2022. Reclassifications Certain reclassifications have been made to the prior period's financial statements to enhance the comparability with the current year's financial statements. As a result, certain line items have been amended in the unaudited condensed consolidated balance sheets to conform to the current period's presentation. Adoption of New Accounting Pronouncements There were no new accounting pronouncements adopted by the Company during the thirteen and twenty-six weeks ended July 30, 2022.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jul. 30, 2022
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS    The Company currently has no material recent accounting pronouncements yet to be adopted.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jul. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Disaggregated Revenue The following table disaggregates our operating segment revenue by brand, which we believe provides a meaningful depiction of the nature of our revenue. Amounts shown include licensing and wholesale revenue, which is not a significant component of total revenue, and is aggregated within the respective brands in the table below. Thirteen Weeks Ended Twenty-Six Weeks Ended July 30, 2022 July 31, 2021 July 30, 2022 July 31, 2021 Chico's $ 281,777 50.4 % $ 221,389 46.9 % $ 546,243 49.7 % $ 398,410 46.3 % WHBM 158,581 28.4 122,043 25.9 327,610 29.8 226,090 26.3 Soma 118,362 21.2 128,627 27.2 225,782 20.5 235,520 27.4 Total Net Sales $ 558,720 100.0 % $ 472,059 100.0 % $ 1,099,635 100.0 % $ 860,020 100.0 % Contract Liability Contract liabilities in the unaudited condensed consolidated balance sheets are comprised of obligations associated with our gift card and customer loyalty programs. As of July 30, 2022, January 29, 2022 and July 31, 2021, contract liabilities primarily consisted of gift cards of $33.7 million, $43.5 million and $33.8 million, respectively. For the thirteen and twenty-six weeks ended July 30, 2022, the Company recognized $8.5 million and $20.0 million, respectively, of revenue that was previously included in the gift card contract liability as of January 29, 2022. For the thirteen and twenty-six weeks ended July 31, 2021, the Company recognized $5.7 million and $15.7 million, respectively, of revenue that was previously included in the gift card contract liability as of January 30, 2021. The contract liability for our loyalty program was not material as of July 30, 2022, January 29, 2022 or July 31, 2021. Performance Obligation

Leases

Leases	6 Months Ended
	Jul. 30, 2022
Leases [Abstract]
Leases	LEASES We lease retail stores, a limited amount of office space and certain equipment under operating leases expiring in various years through the fiscal year ending 2032. All of our leases have been classified as operating leases and are recognized and measured as such. Certain operating leases provide for renewal options that are at a pre-determined period and rental value. Furthermore, certain leases provide that we may cancel the lease if our retail sales at that location fall below an established level. Within the first few years of the initial lease term, a majority of our store operating leases contain cancellation clauses that allow the leases to be terminated at our discretion, if certain minimum sales levels are not met. In the normal course of business, operating leases are typically renewed or replaced by other leases. Escalation of operating lease payments of certain leases depend on an existing index or rate, such as the consumer price index or the market interest rate. These are considered variable lease payments and are included in lease payments when the escalation is known. In April 2020, the FASB granted a practical expedient permitting an entity to choose to forgo the evaluation of the enforceable rights and obligations of the original lease contract, specifically in situations where rent concessions have been agreed to with landlords as a result of the pandemic. Instead, the entity may account for pandemic-related rent concessions, whatever their form (e.g. rent deferral, abatement or other) either: a) as if they were part of the enforceable rights and obligations of the parties under the existing lease contract; or b) as lease modifications. During the thirteen and twenty-six weeks ended July 31, 2021, we received concessions from certain landlords in the form of rent deferrals, rent abatements and other lease or rent modifications as a result of the ongoing impact of the pandemic. In accordance with the practical expedient allowed by the FASB, the Company elected to treat all pandemic-related rent concessions and related amendments, including pandemic-related lease amendments that extended the lease term, as lease modifications under ASC 842, Leases. In addition, the Company continued recording lease expense during deferral periods, as applicable, in accordance with its existing policies. Operating lease expense was as follows: Thirteen Weeks Ended Twenty-Six Weeks Ended July 30, 2022 July 31, 2021 July 30, 2022 July 31, 2021 Operating lease cost (1) $ 54,247 $ 55,341 $ 107,663 $ 110,747 (1) For the thirteen and twenty-six weeks ended July 30, 2022, includes $9.6 million and $19.1 million, respectively, in variable lease costs. For the thirteen and twenty-six weeks ended July 31, 2021, includes $9.3 million and $19.2 million, respectively, in variable lease costs. Supplemental balance sheet information related to operating leases was as follows: July 30, 2022 January 29, 2022 July 31, 2021 Right of use assets $ 438,959 $ 463,077 $ 529,945 Current lease liabilities $ 165,345 $ 172,506 $ 163,376 Long-term lease liabilities 350,797 381,081 454,164 Total operating lease liabilities $ 516,142 $ 553,587 $ 617,540 Weighted Average Remaining Lease Term (years) 4.0 4.0 4.2 Weighted Average Discount Rate (1) 4.6 % 4.5 % 4.6 % (1) The incremental borrowing rate used by the Company is based on the rate at which the Company could borrow funds using its credit rating for a collateralized loan of similar term to the lease. The weighted average discount rate represents a weighted average of the incremental borrowing rate for each lease weighted based on the remaining fixed lease obligations. Supplemental cash flow information related to operating leases was as follows: Twenty-Six Weeks Ended July 30, 2022 July 31, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows $ 103,508 $ 132,549 Right of use assets obtained in exchange for lease obligations, non-cash 54,336 24,297 Maturities of operating lease liabilities as of July 30, 2022 were as follows: Fiscal Year Ending: January 28, 2023 $ 99,596 February 4, 2024 166,504 February 1, 2025 121,141 January 31, 2026 78,879 January 30, 2027 51,307 Thereafter 53,578 Total future minimum lease payments $ 571,005 Less imputed interest (54,863) Total $ 516,142

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jul. 30, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	SHARE-BASED COMPENSATION For the twenty-six weeks ended July 30, 2022 and July 31, 2021, share-based compensation expense was $7.2 million and $5.7 million, respectively. As of July 30, 2022, approximately 6.6 million shares remain available for future grants of equity awards under our 2020 Omnibus Stock and Incentive Plan. Restricted Stock Awards Restricted stock awards vest in equal annual installments over a three-year period from the date of grant, except for a restricted stock award granted to our then Chief Executive Officer in fiscal 2019, which vests over a four-year period from the date of grant, and restricted stock awards granted in March 2021, which vest 50% one year from the date of grant, 30% two years from the date of grant and 20% three years from the date of grant. Restricted stock award activity for the twenty-six weeks ended July 30, 2022 was as follows: Number of Weighted Unvested, beginning of period 5,140,240 $ 3.18 Granted 2,572,233 4.78 Vested (2,347,510) 3.26 Forfeited (341,303) 3.59 Unvested, end of period 5,023,660 3.93 Restricted Stock Units Restricted stock units vest 100% one year from the date of grant with certain rights to defer settlement in shares of our common stock, except for restricted stock units granted in March 2021, which vest 50% one year from the date of grant, 30% two years from the date of grant and 20% three years from the date of grant, and restricted stock units granted in March 2022, which vest in equal annual installments over a three-year period from the date of grant. Restricted stock unit activity for the twenty-six weeks ended July 30, 2022 was as follows: Number of Weighted Unvested, beginning of period 647,350 $ 2.38 Granted 47,468 4.74 Vested (288,600) 2.66 Unvested, end of period 406,218 2.46 Performance-based Restricted Stock Units During the twenty-six weeks ended July 30, 2022, we granted performance-based restricted stock units ("PSUs") contingent upon the achievement of Company-specific performance goals during the three fiscal years 2022 through 2024. Any units earned as a result of the achievement of the performance goals of the PSUs will vest three years from the date of grant and will be settled in shares of our common stock. PSU activity for the twenty-six weeks ended July 30, 2022 was as follows: Number of Units/ Weighted Unvested, beginning of period 3,734,207 $ 2.24 Granted 1,082,050 3.85 Vested (1,697,130) 1.16 Forfeited (434,122) 2.96 Unvested, end of period 2,685,005 3.45

Income Taxes

Income Taxes	6 Months Ended
	Jul. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The provision for income taxes is based on a current estimate of the annual effective tax rate and is adjusted as necessary for quarterly events. Our effective income tax rate may fluctuate from quarter to quarter as a result of a variety of factors, including changes in our assessment of certain tax contingencies, valuation allowances, changes in tax law, outcomes of administrative audits, the impact of discrete items and the mix of earnings across jurisdictions. For the thirteen weeks ended July 30, 2022 and July 31, 2021, the Company's effective tax rate was 26.6% and 22.7%, respectively. The effective tax rate of 26.6% for the thirteen weeks ended July 30, 2022 primarily reflects the impact of losses in foreign jurisdictions on which a full valuation allowance is recorded. The 22.7% effective tax rate for the thirteen weeks ended July 31, 2021 primarily reflects a change in estimate from the first quarter of fiscal 2021 due to an increase in the Company’s projected annual pre-tax income and an increase in annual projected deferred tax assets on which a full valuation allowance exists, partially offset by the impact of the annual loss projected during the first quarter of fiscal 2021. For the twenty-six weeks ended July 30, 2022 and July 31, 2021, the Company's effective tax rate was 24.3% and 30.0%, respectively. The effective tax rate of 24.3% for the twenty-six weeks ended July 30, 2022 primarily reflects a favorable share-based compensation benefit and a reduction in the liability for future reversing deferred tax liabilities. The 30.0% effective tax rate for the twenty-six weeks ended July 31, 2021 primarily reflects a change in the estimate from the first quarter of fiscal 2021 due to an increase in the Company’s projected annual pre-tax income and an increase in annual projected deferred tax assets on which a full valuation allowance exists, partially offset by the impact of the annual loss projected during the first quarter of fiscal 2021 and favorable state audit settlements.

Income Per Share

Income Per Share	6 Months Ended
	Jul. 30, 2022
Earnings Per Share [Abstract]
Income Per Share	INCOME PER SHARE In accordance with relevant accounting guidance, unvested share-based payment awards that include non-forfeitable rights to dividends, whether paid or unpaid, are considered participating securities. As a result, such awards are required to be included in the calculation of income per common share pursuant to the "two-class" method. For the Company, participating securities are comprised entirely of unvested restricted stock awards granted prior to fiscal 2020. Net income per share is determined using the two-class method when it is more dilutive than the treasury stock method. Basic net income per share is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period, including participating securities. Diluted net income per share reflects the dilutive effect of potential common shares from non-participating securities such as restricted stock awards granted after fiscal 2019, stock options, PSUs and restricted stock units. The following table sets forth the computation of net income per basic and diluted share shown on the face of the accompanying condensed consolidated statements of income: Thirteen Weeks Ended Twenty-Six Weeks Ended July 30, 2022 July 31, 2021 July 30, 2022 July 31, 2021 Numerator Net income $ 41,961 $ 26,187 $ 76,893 $ 17,258 Net income allocated to participating securities (166) (235) (348) (171) Net income available to common shareholders $ 41,795 $ 25,952 $ 76,545 $ 17,087 Denominator (000's) Weighted average common shares outstanding – basic 120,003 117,021 119,498 116,855 Dilutive effect of non-participating securities 3,894 5,703 4,082 4,367 Weighted average common and common equivalent shares outstanding – diluted 123,897 122,723 123,580 121,222 Net income per common share: Basic $ 0.35 $ 0.22 $ 0.64 $ 0.15 Diluted $ 0.34 $ 0.21 $ 0.62 $ 0.14 For the thirteen weeks ended July 30, 2022 and July 31, 2021, 0.05 million and 0.1 million potential shares of common stock, respectively, were excluded from the diluted income per common share calculation relating to non-participating securities, because the effect of including these potential shares was antidilutive. For the twenty-six weeks ended July 30, 2022 and July 31, 2021, 0.1 million and 0.1 million potential shares of common stock, respectively, were excluded from the diluted income per common share calculation relating to non-participating securities, because the effect of including these potential shares was antidilutive.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Our financial instruments generally consist of cash, money market accounts, marketable securities, assets held in our non-qualified deferred compensation plan, accounts receivable and payable, and debt. Cash, accounts receivable and accounts payable are carried at cost, less reserves for credit losses as applicable, which approximates their fair value due to the short-term nature of the instruments. Marketable securities are classified as available-for-sale and as of July 30, 2022, consisted of U.S. government agencies, corporate bonds and commercial paper, with $8.8 million of securities with maturity dates within one year or less and $6.5 million with maturity dates over one year. We consider all marketable securities available-for-sale, including those with maturity dates beyond 12 months, and therefore classify these securities within current assets on the unaudited condensed consolidated balance sheets, as applicable, as they were available to support current operational liquidity needs. Marketable securities are carried at fair value, with the unrealized holding gains and losses, net of income taxes, reflected in accumulated other comprehensive gain until realized, and any credit risk related losses recognized in net income during the period incurred. For the purposes of computing realized and unrealized gains and losses, cost is determined on a specific identification basis. Fair value is defined as the price that would be received to sell an a set or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. Entities are required to use a three-level hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability on the measurement date. The three levels are defined as follows: Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities Level 2 — Unadjusted quoted prices in active markets for similar assets or liabilities; or Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active; or Inputs other than quoted prices that are observable for the asset or liability Level 3 — Unobservable inputs for the asset or liability Assets Measured on a Recurring Basis We measure certain financial assets at fair value on a recurring basis, including our marketable securities, as applicable, which are classified as available-for-sale securities, certain cash equivalents, specifically our money market accounts and assets held in our non-qualified deferred compensation plan, as applicable. The money market accounts are valued based on quoted market prices in active markets. Our marketable securities are generally valued based on other observable inputs for those securities (including market corroborated pricing or other models that utilize observable inputs such as interest rates and yield curves) based on information provided by independent third-party pricing entities, except for U.S. government securities which are valued based on quoted market prices in active markets. The investments in our non-qualified deferred compensation plan are valued using quoted market prices and are included in other assets on our unaudited condensed consolidated balance sheets. Assets Measured on a Nonrecurring Basis From time to time, we measure certain assets at fair value on a nonrecurring basis when carrying value exceeds fair value. This includes the evaluation of long-lived assets, goodwill and other intangible assets for impairment using Company-specific assumptions which would fall within Level 3 of the fair value hierarchy. Assets that are measured at fair value on a nonrecurring basis are remeasured when carrying value exceeds fair value. Carrying value after impairment approximates fair value. We assess the carrying amount of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company uses market participant rents and a market participant discount rate to calculate the fair value of ROU assets. The Company uses discounted future cash flows of the asset or asset group using a discount rate that approximates the cost of capital of a market participant to quantify fair value for other long-lived assets within the asset group, which are primarily leasehold improvements. The asset group is defined as the lowest level for which identifiable cash flows are available and largely independent of the cash flows of other groups of assets, which for our retail stores, is primarily at the store level. To assess the fair value of goodwill, we have historically utilized both an income approach and a market approach. Inputs used to calculate the fair value based on the income approach primarily include estimated future cash flows, discounted at a rate that approximates the cost of capital of a market participant. Inputs used to calculate the fair value based on the market approach include identifying sales and EBITDA multiples based on guidelines for similar publicly traded companies and recent transactions. To assess the fair value of trademarks, we utilize a relief from royalty approach. Inputs used to calculate the fair value of the trademarks primarily include future sales projections, discounted at a rate that approximates the cost of capital of a market participant and an estimated royalty rate. As of July 30, 2022, January 29, 2022 and July 31, 2021, our revolving loan and letter of credit facility approximates fair value as this instrument has a variable interest rate which approximates current market rates (Level 2 criteria). Fair value calculations contain significant judgments and estimates, which may differ from actual results due to, among other things, economic conditions, changes to the business model or changes in operating performance. The most sensitive assumptions in our estimates include short and long-term revenue recoverability rates as a result of the pandemic, which could impact future impairment charges. We conduct reviews on a quarterly basis to verify pricing, assess liquidity and determine if significant inputs have changed that would impact the fair value hierarchy disclosure. In accordance with the provisions of the guidance, we categorized our financial assets and liabilities which are valued on a recurring and nonrecurring basis, based on the priority of the inputs to the valuation technique for the instruments, as follows: Fair Value Measurements at the End of the Reporting Date Using Balance as of July 30, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Recurring fair value measurements: Current Assets Cash equivalents: Money market accounts $ 35,195 $ 35,195 $ — $ — Marketable securities: U.S. government agencies 1,505 — 1,505 — Corporate bonds 5,948 — 5,948 — Commercial paper 7,848 — 7,848 — Deferred compensation plan 4,803 4,803 — — Total recurring fair value measurements $ 55,299 $ 39,998 $ 15,301 $ — Fair Value Measurements at the End of the Reporting Date Using Balance as of January 29, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Recurring fair value measurements: Current Assets Cash equivalents: Money market accounts $ 25,396 $ 25,396 $ — $ — Noncurrent Assets Deferred compensation plan 6,233 6,233 — — Total recurring fair value measurements $ 31,629 $ 31,629 $ — $ — Fair Value Measurements at the End of the Reporting Date Using Balance as of July 31, 2021 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Recurring fair value measurements: Current Assets Cash equivalents: Money market accounts $ 14,493 $ 14,493 $ — $ — Marketable securities: Corporate bonds 10,891 — 10,891 — Noncurrent Assets Deferred compensation plan 6,124 6,124 — — Total recurring fair value measurements $ 31,508 $ 20,617 $ 10,891 $ — Impairment charges for assets evaluated for impairment on a nonrecurring basis were not material during the twenty-six weeks ended July 30, 2022 and July 31, 2021 and for the fifty-two weeks ended January 29, 2022.

Debt

Debt	6 Months Ended
	Jul. 30, 2022
Debt Disclosure [Abstract]
Debt	DEBTOn February 2, 2022, the Company and certain material domestic subsidiaries entered into Amendment No. 2 (the "Amendment") to its credit agreement (as amended, the "Credit Agreement") originally entered into on August 2, 2018 and amended October 30, 2020, by and among the Company, certain material domestic subsidiaries as co-borrowers and guarantors, Wells Fargo Bank, National Association ("Wells Fargo Bank"), as Agent, letter of credit issuer and swing line lender, and certain lenders party thereto. Our obligations under the Credit Agreement are guaranteed by the guarantors and are secured by a first priority lien on certain assets of the Company and certain material domestic subsidiaries, including inventory, accounts receivable, cash deposits, certain insurance proceeds, real estate, fixtures and certain intellectual property. The Credit Agreement provides for a five-year asset-based senior secured revolving loan ("ABL") and letter of credit facility of up to $285.0 million, maturing February 2, 2027. The interest rate applicable to Term Secured Overnight Financing Rate ("SOFR") Loans drawn under the ABL is equal to Term SOFR plus 1.60% (subject to a further decrease to Term SOFR plus 1.35% or an increase to Term SOFR plus 1.85% based upon average quarterly excess availability under the ABL). The Credit Agreement also provides for a $15.0 million first-in last-out ("FILO") loan. The interest rate applicable to the FILO is equal to Term SOFR plus 3.60% (subject to a further decrease to Term SOFR plus 3.35% or an increase to Term SOFR plus 3.85% based on average quarterly excess availability under the FILO). However, for any ABL or FILO with a SOFR interest rate period of six months, the interest rate applicable to the ABL and FILO is increased by 30 basis points. The Credit Agreement contains customary representations, warranties, and affirmative covenants, as well as customary negative covenants, that, among other things restrict, subject to certain exceptions, the ability of the Company and certain of its domestic subsidiaries to: (i) incur liens, (ii) make investments, (iii) issue or incur additional indebtedness, (iv) undergo significant corporate changes, including mergers and acquisitions, (v) make dispositions, (vi) make restricted payments, (vii) prepay other indebtedness and (viii) enter into certain other restrictive agreements. The Company may pay cash dividends and repurchase shares under its share buyback program, subject to certain thresholds of available borrowings based upon the lesser of the aggregate amount of commitments under the Credit Agreement and the borrowing base, determined after giving effect to any such transaction or payment, on a pro forma basis. In addition, the Company must pay a commitment fee per annum on the unused portion of the commitments under the Credit Agreement. As of July 30, 2022, $99.0 million in net borrowings were outstanding under the Credit Agreement. Availability under the Credit Agreement is determined based upon a monthly borrowing base calculation which includes eligible credit card receivables, real estate and inventory, less outstanding borrowings, letters of credit and certain designated reserves. As of July 30, 2022, the available additional borrowing capacity under the Credit Agreement was approximately $188.0 million, inclusive of the current loan cap of $30.0 million. As of July 30, 2022, deferred financing costs of $3.7 million was outstanding related to the Credit Agreement and is presented in other current assets in the accompanying unaudited condensed consolidated balance sheet.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES In February 2021, the Company was named as a defendant in Mercedes Haldy, et al. v. White House Black Market, Inc. (‘‘WHBM’’), et al., a putative class action filed in the Superior Court of California, Orange County, and subsequently removed to the United States District Court, Central District of California (‘‘Haldy’’). The Haldy complaint alleges numerous violations of California law related to payment of wages and other compensation, meal periods, rest periods, and wage statements, among other things. Plaintiff seeks to represent a class of current and former nonexempt employees of WHBM and Chico’s stores in California. In August 2021, the Company was named as a defendant in Margarita Hernandez v. Chico’s FAS, Inc., et al., a putative class action filed in the Superior Court of California, Orange County seeking to represent a class of current and former nonexempt employees of Chico’s, WHBM and Soma stores in California (‘‘Hernandez’’). The Hernandez complaint alleges many of the same wage and labor violations as the Haldy complaint and seeks the same relief. During a mediation in September 2021, the Company reached an agreement in principle to settle the above cases. A Memorandum of Understanding was entered into by all parties as of October 18, 2021 and a full settlement agreement was executed by all parties as of January 10, 2022. On May 19, 2022, the Superior Court of California entered an Order granting the parties' unopposed motion for preliminary approval of the class settlement, and set October 14, 2022 as the hearing date for final approval of the settlement. Based on the foregoing, the Company does not expect that the resolution of these cases will have a material adverse effect on its business, results of operations or consolidated financial statements, but if the settlement agreement is not approved by the respective courts, the ultimate resolution of these cases could have a material adverse effect on the Company’s results of operations or consolidated financial statements. Other than as noted above, we are not currently a party to any material legal proceedings other than claims and lawsuits arising in the normal course of our business. All such matters are subject to uncertainties, and outcomes may not be predictable. Consequently, the ultimate aggregate amounts of monetary liability or financial impact with respect to other matters as of July 30, 2022 are not estimable. However, while such matters could affect our consolidated operating results when resolved in future periods, management believes that upon final disposition, any monetary liability or financial impact to us would not be material to our annual consolidated financial statements.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements of Chico's FAS, Inc., a Florida corporation, and its wholly-owned subsidiaries (the "Company") have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and notes required by accounting principles generally accepted in the U.S. for complete financial statements. In the opinion of management, such interim financial statements reflect all normal, recurring adjustments considered necessary to present fairly the condensed consolidated financial position, the results of operations and cash flows for the interim periods presented. All significant intercompany balances and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications Certain reclassifications have been made to the prior period's financial statements to enhance the comparability with the current year's financial statements. As a result, certain line items have been amended in the unaudited condensed consolidated balance sheets to conform to the current period's presentation.
Adoption of New Accounting Pronouncements	Adoption of New Accounting Pronouncements There were no new accounting pronouncements adopted by the Company during the thirteen and twenty-six weeks ended July 30, 2022.
Fair Value Measurements	FAIR VALUE MEASUREMENTS Our financial instruments generally consist of cash, money market accounts, marketable securities, assets held in our non-qualified deferred compensation plan, accounts receivable and payable, and debt. Cash, accounts receivable and accounts payable are carried at cost, less reserves for credit losses as applicable, which approximates their fair value due to the short-term nature of the instruments. Marketable securities are classified as available-for-sale and as of July 30, 2022, consisted of U.S. government agencies, corporate bonds and commercial paper, with $8.8 million of securities with maturity dates within one year or less and $6.5 million with maturity dates over one year. We consider all marketable securities available-for-sale, including those with maturity dates beyond 12 months, and therefore classify these securities within current assets on the unaudited condensed consolidated balance sheets, as applicable, as they were available to support current operational liquidity needs. Marketable securities are carried at fair value, with the unrealized holding gains and losses, net of income taxes, reflected in accumulated other comprehensive gain until realized, and any credit risk related losses recognized in net income during the period incurred. For the purposes of computing realized and unrealized gains and losses, cost is determined on a specific identification basis. Fair value is defined as the price that would be received to sell an a set or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. Entities are required to use a three-level hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability on the measurement date. The three levels are defined as follows: Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities Level 2 — Unadjusted quoted prices in active markets for similar assets or liabilities; or Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active; or Inputs other than quoted prices that are observable for the asset or liability Level 3 — Unobservable inputs for the asset or liability Assets Measured on a Recurring Basis We measure certain financial assets at fair value on a recurring basis, including our marketable securities, as applicable, which are classified as available-for-sale securities, certain cash equivalents, specifically our money market accounts and assets held in our non-qualified deferred compensation plan, as applicable. The money market accounts are valued based on quoted market prices in active markets. Our marketable securities are generally valued based on other observable inputs for those securities (including market corroborated pricing or other models that utilize observable inputs such as interest rates and yield curves) based on information provided by independent third-party pricing entities, except for U.S. government securities which are valued based on quoted market prices in active markets. The investments in our non-qualified deferred compensation plan are valued using quoted market prices and are included in other assets on our unaudited condensed consolidated balance sheets. Assets Measured on a Nonrecurring Basis From time to time, we measure certain assets at fair value on a nonrecurring basis when carrying value exceeds fair value. This includes the evaluation of long-lived assets, goodwill and other intangible assets for impairment using Company-specific assumptions which would fall within Level 3 of the fair value hierarchy. Assets that are measured at fair value on a nonrecurring basis are remeasured when carrying value exceeds fair value. Carrying value after impairment approximates fair value. We assess the carrying amount of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company uses market participant rents and a market participant discount rate to calculate the fair value of ROU assets. The Company uses discounted future cash flows of the asset or asset group using a discount rate that approximates the cost of capital of a market participant to quantify fair value for other long-lived assets within the asset group, which are primarily leasehold improvements. The asset group is defined as the lowest level for which identifiable cash flows are available and largely independent of the cash flows of other groups of assets, which for our retail stores, is primarily at the store level. To assess the fair value of goodwill, we have historically utilized both an income approach and a market approach. Inputs used to calculate the fair value based on the income approach primarily include estimated future cash flows, discounted at a rate that approximates the cost of capital of a market participant. Inputs used to calculate the fair value based on the market approach include identifying sales and EBITDA multiples based on guidelines for similar publicly traded companies and recent transactions. To assess the fair value of trademarks, we utilize a relief from royalty approach. Inputs used to calculate the fair value of the trademarks primarily include future sales projections, discounted at a rate that approximates the cost of capital of a market participant and an estimated royalty rate.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jul. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table disaggregates our operating segment revenue by brand, which we believe provides a meaningful depiction of the nature of our revenue. Amounts shown include licensing and wholesale revenue, which is not a significant component of total revenue, and is aggregated within the respective brands in the table below. Thirteen Weeks Ended Twenty-Six Weeks Ended July 30, 2022 July 31, 2021 July 30, 2022 July 31, 2021 Chico's $ 281,777 50.4 % $ 221,389 46.9 % $ 546,243 49.7 % $ 398,410 46.3 % WHBM 158,581 28.4 122,043 25.9 327,610 29.8 226,090 26.3 Soma 118,362 21.2 128,627 27.2 225,782 20.5 235,520 27.4 Total Net Sales $ 558,720 100.0 % $ 472,059 100.0 % $ 1,099,635 100.0 % $ 860,020 100.0 %

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 30, 2022
Leases [Abstract]
Lease Cost	Operating lease expense was as follows: Thirteen Weeks Ended Twenty-Six Weeks Ended July 30, 2022 July 31, 2021 July 30, 2022 July 31, 2021 Operating lease cost (1) $ 54,247 $ 55,341 $ 107,663 $ 110,747 (1) For the thirteen and twenty-six weeks ended July 30, 2022, includes $9.6 million and $19.1 million, respectively, in variable lease costs. For the thirteen and twenty-six weeks ended July 31, 2021, includes $9.3 million and $19.2 million, respectively, in variable lease costs. Supplemental cash flow information related to operating leases was as follows: Twenty-Six Weeks Ended July 30, 2022 July 31, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows $ 103,508 $ 132,549 Right of use assets obtained in exchange for lease obligations, non-cash 54,336 24,297
Supplemental Balance Sheet Information Related to Operating Leases	Supplemental balance sheet information related to operating leases was as follows: July 30, 2022 January 29, 2022 July 31, 2021 Right of use assets $ 438,959 $ 463,077 $ 529,945 Current lease liabilities $ 165,345 $ 172,506 $ 163,376 Long-term lease liabilities 350,797 381,081 454,164 Total operating lease liabilities $ 516,142 $ 553,587 $ 617,540 Weighted Average Remaining Lease Term (years) 4.0 4.0 4.2 Weighted Average Discount Rate (1) 4.6 % 4.5 % 4.6 %
Maturities of Operating Lease Liabilities	Maturities of operating lease liabilities as of July 30, 2022 were as follows: Fiscal Year Ending: January 28, 2023 $ 99,596 February 4, 2024 166,504 February 1, 2025 121,141 January 31, 2026 78,879 January 30, 2027 51,307 Thereafter 53,578 Total future minimum lease payments $ 571,005 Less imputed interest (54,863) Total $ 516,142

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jul. 30, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Restricted Stock Activity	Restricted stock award activity for the twenty-six weeks ended July 30, 2022 was as follows: Number of Weighted Unvested, beginning of period 5,140,240 $ 3.18 Granted 2,572,233 4.78 Vested (2,347,510) 3.26 Forfeited (341,303) 3.59 Unvested, end of period 5,023,660 3.93 Restricted stock unit activity for the twenty-six weeks ended July 30, 2022 was as follows: Number of Weighted Unvested, beginning of period 647,350 $ 2.38 Granted 47,468 4.74 Vested (288,600) 2.66 Unvested, end of period 406,218 2.46
Schedule of Performance-Based Restricted Stock Unit Activity	PSU activity for the twenty-six weeks ended July 30, 2022 was as follows: Number of Units/ Weighted Unvested, beginning of period 3,734,207 $ 2.24 Granted 1,082,050 3.85 Vested (1,697,130) 1.16 Forfeited (434,122) 2.96 Unvested, end of period 2,685,005 3.45

Income Per Share (Tables)

Income Per Share (Tables)	6 Months Ended
	Jul. 30, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income Per Share	The following table sets forth the computation of net income per basic and diluted share shown on the face of the accompanying condensed consolidated statements of income: Thirteen Weeks Ended Twenty-Six Weeks Ended July 30, 2022 July 31, 2021 July 30, 2022 July 31, 2021 Numerator Net income $ 41,961 $ 26,187 $ 76,893 $ 17,258 Net income allocated to participating securities (166) (235) (348) (171) Net income available to common shareholders $ 41,795 $ 25,952 $ 76,545 $ 17,087 Denominator (000's) Weighted average common shares outstanding – basic 120,003 117,021 119,498 116,855 Dilutive effect of non-participating securities 3,894 5,703 4,082 4,367 Weighted average common and common equivalent shares outstanding – diluted 123,897 122,723 123,580 121,222 Net income per common share: Basic $ 0.35 $ 0.22 $ 0.64 $ 0.15 Diluted $ 0.34 $ 0.21 $ 0.62 $ 0.14

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Financial Assets Valued on a Recurring Basis	In accordance with the provisions of the guidance, we categorized our financial assets and liabilities which are valued on a recurring and nonrecurring basis, based on the priority of the inputs to the valuation technique for the instruments, as follows: Fair Value Measurements at the End of the Reporting Date Using Balance as of July 30, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Recurring fair value measurements: Current Assets Cash equivalents: Money market accounts $ 35,195 $ 35,195 $ — $ — Marketable securities: U.S. government agencies 1,505 — 1,505 — Corporate bonds 5,948 — 5,948 — Commercial paper 7,848 — 7,848 — Deferred compensation plan 4,803 4,803 — — Total recurring fair value measurements $ 55,299 $ 39,998 $ 15,301 $ — Fair Value Measurements at the End of the Reporting Date Using Balance as of January 29, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Recurring fair value measurements: Current Assets Cash equivalents: Money market accounts $ 25,396 $ 25,396 $ — $ — Noncurrent Assets Deferred compensation plan 6,233 6,233 — — Total recurring fair value measurements $ 31,629 $ 31,629 $ — $ — Fair Value Measurements at the End of the Reporting Date Using Balance as of July 31, 2021 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Recurring fair value measurements: Current Assets Cash equivalents: Money market accounts $ 14,493 $ 14,493 $ — $ — Marketable securities: Corporate bonds 10,891 — 10,891 — Noncurrent Assets Deferred compensation plan 6,124 6,124 — — Total recurring fair value measurements $ 31,508 $ 20,617 $ 10,891 $ —

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021	Jan. 29, 2022
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 558,720	$ 472,059	$ 1,099,635	$ 860,020
Total Net Sales, as a percentage	100%	100%	100%	100%
Contract liabilities	$ 33,700	$ 33,800	$ 33,700	$ 33,800	$ 43,500
Contract liability revenue recognized	8,500	5,700	20,000	15,700
Chico's
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 281,777	$ 221,389	$ 546,243	$ 398,410
Total Net Sales, as a percentage	50.40%	46.90%	49.70%	46.30%
WHBM
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 158,581	$ 122,043	$ 327,610	$ 226,090
Total Net Sales, as a percentage	28.40%	25.90%	29.80%	26.30%
Soma
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 118,362	$ 128,627	$ 225,782	$ 235,520
Total Net Sales, as a percentage	21.20%	27.20%	20.50%	27.40%

Leases - Lease Costs (Details)

Leases - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Leases [Abstract]
Operating lease cost	$ 54,247	$ 55,341	$ 107,663	$ 110,747
Variable lease cost	$ 9,600	$ 9,300	$ 19,100	$ 19,200

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Operating Leases (Details) - USD ($) $ in Thousands	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
Leases [Abstract]
Right of use assets	$ 438,959	$ 463,077	$ 529,945
Current lease liabilities	165,345	172,506	163,376
Long-term lease liabilities	350,797	381,081	454,164
Total operating lease liabilities	$ 516,142	$ 553,587	$ 617,540
Weighted Average Remaining Lease Term (years)	4 years	4 years	4 years 2 months 12 days
Weighted Average Discount Rate	4.60%	4.50%	4.60%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Operating Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows	$ 103,508	$ 132,549
Right of use assets obtained in exchange for lease obligations, non-cash	$ 54,336	$ 24,297

Leases - Maturities of Operatin

Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
January 28, 2023	$ 99,596
February 4, 2024	166,504
February 1, 2025	121,141
January 31, 2026	78,879
January 30, 2027	51,307
Thereafter	53,578
Total future minimum lease payments	571,005
Less imputed interest	(54,863)
Total	$ 516,142	$ 553,587	$ 617,540

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands, shares in Millions	1 Months Ended	6 Months Ended
	Mar. 31, 2022	Jul. 30, 2022	Jul. 31, 2021
Share-Based Payment Arrangement [Abstract]
Compensation expense related to stock-based awards		$ 7,157	$ 5,689
Number of shares available for future grants (in shares)		6.6
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Restricted Stock Awards | CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years	1 year
Vesting percentage		100%
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Tranche One | Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		50%
Tranche One | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		50%
Tranche Two | Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		30%
Tranche Two | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		30%
Tranche Three | Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		20%
Tranche Three | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		20%

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Restricted Stock Awards and Performance-based Restricted Stock Unit Activity (Details)	6 Months Ended
	Jul. 30, 2022 $ / shares shares
Restricted Stock Awards
Number of Units/ Shares
Unvested, beginning of period (in shares) | shares	5,140,240
Granted (in shares) | shares	2,572,233
Vested (in shares) | shares	(2,347,510)
Forfeited (in shares) | shares	(341,303)
Unvested, end of period (in shares) | shares	5,023,660
Weighted Average Grant Date Fair Value
Unvested, beginning of period (in dollars per share) | $ / shares	$ 3.18
Granted (in dollars per share) | $ / shares	4.78
Vested (in dollars per share) | $ / shares	3.26
Forfeited (in dollars per share) | $ / shares	3.59
Unvested, end of period (in dollars per share) | $ / shares	$ 3.93
Restricted Stock Units (RSUs)
Number of Units/ Shares
Unvested, beginning of period (in shares) | shares	647,350
Granted (in shares) | shares	47,468
Vested (in shares) | shares	(288,600)
Unvested, end of period (in shares) | shares	406,218
Weighted Average Grant Date Fair Value
Unvested, beginning of period (in dollars per share) | $ / shares	$ 2.38
Granted (in dollars per share) | $ / shares	4.74
Vested (in dollars per share) | $ / shares	2.66
Unvested, end of period (in dollars per share) | $ / shares	$ 2.46
Performance-Based Restricted Stock Units
Number of Units/ Shares
Unvested, beginning of period (in shares) | shares	3,734,207
Granted (in shares) | shares	1,082,050
Vested (in shares) | shares	(1,697,130)
Forfeited (in shares) | shares	(434,122)
Unvested, end of period (in shares) | shares	2,685,005
Weighted Average Grant Date Fair Value
Unvested, beginning of period (in dollars per share) | $ / shares	$ 2.24
Granted (in dollars per share) | $ / shares	3.85
Vested (in dollars per share) | $ / shares	1.16
Forfeited (in dollars per share) | $ / shares	2.96
Unvested, end of period (in dollars per share) | $ / shares	$ 3.45

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Effective tax rate	26.60%	22.70%	24.30%	30%
Income tax receivable	$ 11.4		$ 11.4

Income Per Share - Computation

Income Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Numerator
Net income	$ 41,961	$ 26,187	$ 76,893	$ 17,258
Net income allocated to participating securities	(166)	(235)	(348)	(171)
Net income available to common shareholders	$ 41,795	$ 25,952	$ 76,545	$ 17,087
Denominator (000's)
Weighted average common shares outstanding – basic (in shares)	120,003	117,021	119,498	116,855
Dilutive effect of non-participating securities (in shares)	3,894	5,703	4,082	4,367
Weighted average common and common equivalent shares outstanding – diluted (in shares)	123,897	122,723	123,580	121,222
Net income per common share:
Basic (in dollars per share)	$ 0.35	$ 0.22	$ 0.64	$ 0.15
Diluted (in dollars per share)	$ 0.34	$ 0.21	$ 0.62	$ 0.14

Income Per Share - Additional I

Income Per Share - Additional Information (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2022	Jul. 31, 2021	Jul. 30, 2022	Jul. 31, 2021
Earnings Per Share [Abstract]
Number of antidilutive securities (in shares)	50	100	100	100

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets Valued on a Recurring Basis (Details) - USD ($) $ in Thousands	Jul. 30, 2022	Jan. 29, 2022	Jul. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
AFS securities, current	$ 8,800
AFS securities, noncurrent	6,500
Recurring
Current Assets
Money market accounts	35,195	$ 25,396	$ 14,493
Noncurrent Assets
Deferred compensation plan	4,803	6,233	6,124
Total recurring fair value measurements	55,299	31,629	31,508
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Current Assets
Money market accounts	35,195	25,396	14,493
Noncurrent Assets
Deferred compensation plan	4,803	6,233	6,124
Total recurring fair value measurements	39,998	31,629	20,617
Recurring | Significant Other Observable Inputs (Level 2)
Current Assets
Money market accounts	0	0	0
Noncurrent Assets
Deferred compensation plan	0	0	0
Total recurring fair value measurements	15,301	0	10,891
Recurring | Significant Unobservable Inputs (Level 3)
Current Assets
Money market accounts	0	0	0
Noncurrent Assets
Deferred compensation plan	0	0	0
Total recurring fair value measurements	0	$ 0	0
Recurring | U.S. government agencies
Current Assets
Marketable securities	1,505
Recurring | U.S. government agencies | Quoted Prices in Active Markets for Identical Assets (Level 1)
Current Assets
Marketable securities	0
Recurring | U.S. government agencies | Significant Other Observable Inputs (Level 2)
Current Assets
Marketable securities	1,505
Recurring | U.S. government agencies | Significant Unobservable Inputs (Level 3)
Current Assets
Marketable securities	0
Recurring | Corporate bonds
Current Assets
Marketable securities	5,948		10,891
Recurring | Corporate bonds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Current Assets
Marketable securities	0		0
Recurring | Corporate bonds | Significant Other Observable Inputs (Level 2)
Current Assets
Marketable securities	5,948		10,891
Recurring | Corporate bonds | Significant Unobservable Inputs (Level 3)
Current Assets
Marketable securities	0		$ 0
Recurring | Commercial paper
Current Assets
Marketable securities	7,848
Recurring | Commercial paper | Quoted Prices in Active Markets for Identical Assets (Level 1)
Current Assets
Marketable securities	0
Recurring | Commercial paper | Significant Other Observable Inputs (Level 2)
Current Assets
Marketable securities	7,848
Recurring | Commercial paper | Significant Unobservable Inputs (Level 3)
Current Assets
Marketable securities	$ 0

Debt - Additional Information (

Debt - Additional Information (Details) - Revolving credit facility - USD ($)	Feb. 02, 2022	Jul. 30, 2022
Line of credit
Debt Instrument [Line Items]
Long-term debt, term	5 years
Borrowing capacity	$ 285,000,000
Long-term debt		$ 99,000,000
Additional borrowing capacity		188,000,000
Excess availability of borrowing		30,000,000
Deferred financing costs		$ 3,700,000
Line of credit | SOFR
Debt Instrument [Line Items]
Interest rate	1.60%
Line of credit | SOFR | Minimum
Debt Instrument [Line Items]
Interest rate	1.35%
Line of credit | SOFR | Maximum
Debt Instrument [Line Items]
Interest rate	1.85%
FILO
Debt Instrument [Line Items]
Borrowing capacity	$ 15,000,000
Basis points	0.30%
FILO | Maximum
Debt Instrument [Line Items]
Interest rate	3.85%
FILO | SOFR
Debt Instrument [Line Items]
Interest rate	3.60%
FILO | SOFR | Minimum
Debt Instrument [Line Items]
Interest rate	3.35%