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Chico’s (CHS) 2Q18 Results

Executive Summary

  • Chico’s FAS reported 2Q18 EPS of $0.13, beating the consensus estimate by a penny. Revenues were $544.72 million, down by 5.9% year over year and beating the consensus estimate of $541.0 million.
  • Comps were down3.2%, beating the consensus estimate of down 4.5%.
  • For 3Q, the company expects sales and comps to decline in the mid-single digits and for the full year, the company reaffirmed its guidance of a mid-single decline in net sales and a low-to-mid single digit decline in comps.

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