Flash Report 2 minutesRegister for Free AccessChico’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? Register for a free user account. This document was generated for Other research you may be interested in: Retail Shrink and ORC: California and New York Enact Tough New Anti-Theft LawsChina Consumer Tracker: More Than 70% of Respondents Are Avoiding Public PlacesConsumers Focus on Essentials: China Consumer Survey InsightsJanuary 2023 Monthly Consumer Update: US, UK and China
