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: Consumers Report Improvement in Financial Health: US Consumer Survey Insights 2023, Week 48NRF APAC 2024: Wrap-Up—Strategizing for the Future of Retail with AI and Customer-CentricityUS and UK Retail Bankruptcies Latest, June 2023NRF 2023: Retail’s Big Show Wrap-Up—Business Agility, Purpose, Technology and Personalization Characterize Retail’s Future