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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2025, Week 5: Apparel, Convenience and Food Retailers Announce Store Expansion PlansWorld Retail Congress 2025 Insights: Consensus on Tariffs Floor, AI Risks in Adaptive Apparel, Smart Scaling in FocusThree Data Points We’re Watching This Week, Week 2: Global Retail Predictions for 2025Innovator Profile: Veesual—Enhancing the Online Apparel Shopping Journey with Image Generation