Company Earnings Update 3 minutesRegister for Free Access(CHS) 4Q16 Results: Solid Earnings and Revenue Beat, Cost-Saving Initiatives Grow Profits Coresight Research February 23, 2017 Executive Summary Chico’s FAS reported 4Q16 adjusted EPS of $0.10, up from $0.05 in the year-ago quarter and beating the consensus estimate of $0.04. The company reported adjusted revenue of $600.8 million, down 2.3% from $614.9 million in the year-ago quarter but above the $594.8 million consensus estimate. Same-store sales declined by 2.5% during the quarter, slightly above the (2.8)% consensus estimate and in line with previous guidance. Total comps were driven by declines in both number of transactions and average dollar sale. For FY17, the company expects a low-single-digit same-store sales decline versus the (0.2)% consensus estimate. Chico’s anticipates it will make steady progress toward its target of a double-digit operating margin in 2019. 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: Weekly US and UK Store Openings and Closures Tracker 2023, Week 25: UK Store Openings Cross 1,000Navigating Digital Transformation: Optimizing Hospitality Operations To Enhance Margins and GrowthUS Consumer Tracker: Avoidance Rises and Activity SlidesWeinswig’s Weekly: Everything You Always Wanted To Know About Grocery (But Were Afraid To Ask)