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%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

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)…

More Articles About:   , , , ,