Flash ReportChico’s FAS (CHS) 1Q16 Results: Sluggish Quarter; Cost Cutting Expected to Generate Significant Savings Coresight Research May 26, 2016 Executive Summary Chico’s FAS reported 1Q16 revenues of $643 million, down 7.8% year over year and below the consensus estimate of $669 million. EPS was $0.23, missing the consensus of $0.32, but was up 4.5% from $0.22 in the year-ago quarter. The company has expanded its cost reduction and operating efficiency initiatives, which are expected to result in $50–$70 million in annual savings. Same-store sales decreased by 4.2% in 1Q16, reflecting a reduced average-dollar sale and a slightly lower transaction count compared to 1Q15. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Apparel & Footwear Retailing—Themes, Concepts and Innovators: AI, Value, GLP-1 and More To Drive Apparel TransformationSeasonal Shopping, 1Q26—Expectations for Valentine’s Day and Presidents’ Day: US Consumer Survey Insights ExtraHead-to-Head in US Department Stores: Kohl’s vs. Macy’sInnovator Profile: Sotira—Monetizing Surplus Inventory with Automated Compliance, Logistics and Resale Channels
