Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. On March 3, 2009, Chico's FAS ( CHS) reported that its Q4 FY08 net loss widened, hurt by a store impairment charge of $9.10 million or $0.05 per share and an after-tax severance charge of $6.60 million or $0.04 per share. Net loss increased to $40.54 million or $0.23 per share from $20.54 million or $0.12 per share in Q4 FY07. Excluding items, net loss increased to $24.80 million or $0.14 per share from $20.50 million or $0.12 per share a year ago. The latest quarterly consensus estimate was a loss of $0.17 per share. Revenue dropped 8.8% to $373.38 million from $409.30 million, due to a 13.0% decline in comparable store sales and reduced sales at its Chico's/Soma stores. Looking at its businesses, net sales by Chico's and Soma stores slipped 13.5% to $242.89 million, negatively impacted by a 17.0% decrease in same-store sales. Net sales by the Direct-to-Consumer channel rose 8.8% to $22.31million, driven by increased traffic in all of the direct-to-consumer channels and higher sales of the Soma and WH/BM brands. Similarly, net sales by White House/Black Market stores were $108.18 million, up 0.2% from $107.97 million a year ago. The company opened 6 new stores, expanded or relocated 2 stores, and closed 13 stores, taking the total store count to 1,074. This includes 618 Chico's front-line stores, 41 Chico's outlet stores, 327 White House/Black Market front-line stores, 17 White House|Black Market outlet stores, 70 Soma Intimates front-line stores and 1 Soma Intimates outlet store. During FY08, the company's net loss stood at $19.14 million or $0.11 per share compared to net profit of $88.88 million or $0.50 per share in FY07. Excluding charges, net loss was $4.90 million or $0.03 per share compared to net income of $88.90 million, or $0.50 per share. Annual revenue decreased 7.7% to $1.58 billion from $1.71 billion a year ago, hurt by a 15.1% decline in comparable store sales.