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. 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: Amazon Regains Food Shoppers; Dollar Tree Jumps to Third Place for Nonfood: US Consumer Survey InsightsBrand Influence, Customer Experiences, AI, Sustainability and Talent Matter: Insights from NextGen Commerce, a Coresight Research ConferenceAI Risks, Success Stories and Opportunities—Insights from Legends of Commerce: Content & CocktailsUS CPG—Retail 2024 Sector Outlook: Volume Growth To Turn Positive as Inflation Eases