AP NEWS

Chico’s: Fiscal 1Q Earnings Snapshot

June 11, 2019

FORT MYERS, Fla. (AP) _ Chico’s FAS Inc. (CHS) on Tuesday reported fiscal first-quarter net income of $2 million.

The Fort Myers, Florida-based company said it had net income of 2 cents per share. Earnings, adjusted for non-recurring costs, were 5 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The clothing chain posted revenue of $517.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $515.8 million.

The company’s shares closed at $3.41. A year ago, they were trading at $9.06.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHS at https://www.zacks.com/ap/CHS

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