Chico’s FAS Earnings: Here’s Why Investors are Selling Shares 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 7.7%.
Chico’s FAS Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.32 in the quarter versus EPS of $0.32 in the year-earlier quarter.
Revenue: Rose 3.05% to $670.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Chico’s FAS Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company missed the mean analyst estimate of $0.36. It missed the average revenue estimate of $707.75 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…