Chico’s FAS Earnings: Here’s Why Shares are Up Now
Chico’s FAS Inc. (NYSE:CHS) delivered a profit and met 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 up 2.68%.
Chico’s FAS Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 33.33% to $0.20 in the quarter versus EPS of $0.15 in the year-earlier quarter.
Revenue: Rose 14.53% to $651.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Chico’s FAS Inc. reported adjusted EPS income of $0.20 per share. By that measure, the company met the mean analyst estimate of $0.20. It missed the average revenue estimate of $665.57 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…