Chico’s: Fiscal 1Q Earnings Snapshot
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.