Chicos FAS (CHS) Tops Q2 EPS by 3c

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Get Alerts CHS Hot Sheet

Price: $7.59 --0%

Revenue Growth %: -100.0%

Financial Fact:
Net income per common and common equivalent share-diluted: 0.18

Today's EPS Names:
FRSB, DGICA, UXIN, More

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Chicos FAS (NYSE: CHS) reported Q2 EPS of $0.25, $0.03 better than the analyst estimate of $0.22. Revenue for the quarter came in at $635.7 million versus the consensus estimate of $632.49 million.

Comparable Sales



	Thirteen Weeks Ended		Twenty-six weeks ended
	July 30, 2016	August 1, 2015	July 30, 2016	August 1, 2015
Chico's	(5.1)%	0.9%	(5.3)%	(0.8)%
White House Black Market	(1.3)%	(1.9)%	(2.7)%	0.0%
Soma	0.7%	5.1%	0.6%	5.7%
Total Company	(3.1)%	0.5%	(3.7)%	0.2%

Fiscal 2016 Second Half Outlook Update

The fiscal 2016 second half outlook excludes Boston Proper for comparability purposes. The Company is anticipating a low single-digit comparable sales decline for the second half. The Company expects lower sales to result in a decrease in gross margin rate due to deleverage of store occupancy costs, partially offset by an increase in merchandise margin rate. This decrease is expected to be offset by a decline in SG&A as a percent of sales, resulting from the previously announced cost reduction and operating efficiency initiatives. Total inventory is expected to be in line with 2015 levels.

For earnings history and earnings-related data on Chicos FAS (CHS) click here.

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