Flash Report 4 minutesRegister for Free AccessChico’s FAS (CHS) 2Q16 RESULTS: BETTER THAN EXPECTED, COST CUTS AHEAD Coresight Research September 1, 2016 Executive Summary Chico’s FAS reported 2Q16 adjusted EPS of $0.25 and beat the consensus estimate of $0.22. Revenues decreased 7.3% to $635.7 million from $685.8 million in the second quarter last year, and beat the consensus estimate of $632.4 million. Comparable-store sales decreased by 3.1% versus the consensus of (3.9)%. Guidance for the second half was updated to exclude Boston Proper. The company expects a low-single-digit comparable sales decline for the second half of 2016. The decline in sales will result in a decline in gross margin due to deleveraging of store occupancy costs. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Retail Shrink and ORC: US Small Business Owners’ Perspectives on Retail Theft, Plus New Measures To Combat Theft in New York, the UK and AustraliaWeinswig’s Weekly: Three Trends About the US Return to Office You Don’t Already KnowOctober 2023 Leading Indicators of US Retail Sales: Mixed Signals as Retail Heads into HolidayInflation Concerns Persist and Dollar Stores Thrive: US Consumer Survey Insights 2023, Week 43
