Chico's FAS, Inc. Reports Third Quarter Results
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Chicos FAS (CHS) Misses Q3 EPS by 32c
November 24, 2020 7:05 AM ESTChicos FAS (NYSE: CHS) reported Q3 EPS of ($0.48), $0.32 worse than the analyst estimate of ($0.16).
Sales grew 14.8% and gross margin expanded 740 basis points from second quarterSoma's 67% digital sales increase led Company's year-over-year double-digit digital sales growth for the quarterSignificantly enhanced financial liquidity and flexibility with amended and extended $300 million credit facility; ended quarter with $145.2 million in cash and cash equivalentsAchieved $65.0 million in rent abatement and reduction commitments as... More