Chicos FAS (CHS) Tops Q2 EPS by 3c

August 30, 2016 5:26 PM EDT

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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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