Chico’s Earnings: Here’s Why the Stock is Down Now
Chico’s FAS Inc. (NYSE:CHS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.85%.
Chico’s FAS Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 15.63% to $0.27 in the quarter versus EPS of $0.32 in the year-earlier quarter.
Revenue: Rose 1.21% to $649.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Chico’s FAS Inc. reported adjusted EPS income of $0.27 per share. By that measure, the company missed the mean analyst estimate of $0.32. It missed the average revenue estimate of $676.93 million.
Key Stats (on next page)…