Company Earnings Update 2 minutesRegister for Free AccessChico’s (CHS) 1Q17 Results: Comps Disappoint Coresight Research May 25, 2017 Executive Summary Chico’s FAS reported 1Q17 EPS of $0.26 versus the consensus estimate of $0.29. Total revenues were $583.7 million, below expectations of $624.8 million and down 9.2% year over year. The decline in sales was driven by a lower average dollar sale and a lower transaction count. Management adjusted its FY17 outlook based on the first-quarter results. Comps for the full year are now expected to decline by mid-single digits versus prior guidance for a low-single-digit decline and consensus of a 1.7% decline. 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: Self-Checkout and Store Closures, the INFORM Consumers Act, US Retailer CommentaryData Dive: When Will US Grocery Unit Growth Turn Positive?Holiday 2023: US Retail Wrap-Up—Strong Performance in E-Commerce and Clothing Sectors Drives GrowthLuxury Retailing—US Real Estate Insights: Contrasting Expansion and Consolidation Trends
