Chicos FAS (CHS) Tops Q3 EPS by 9c, Updates Guidance

Chicos FAS (NYSE: CHS) reported Q3 EPS of $0.20, $0.09 better than the analyst estimate of $0.11. Revenue for the quarter came in at $518.3 million versus the consensus estimate of $508.3 million.

GUIDANCE:

Chicos FAS sees Q4 2023 EPS of $0.07-$0.10, versus the consensus of $0.10. Chicos FAS sees Q4 2023 revenue of $535-555 million, versus the consensus of $557 million.

For the fiscal 2022 full year, the Company currently expects:

• Consolidated net sales of $2,153 million to $2,173 million;
• Gross margin rate as a percent of net sales of 39.2% to 39.3%;
• SG&A as a percent of net sales of 32.3% to 32.4%;
• Effective income tax rate of 23.0%;
• Earnings per diluted share of $0.89 to $0.92; and
• Capital and cloud-based expenditures of approximately $65 million to $70 million.

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

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