Edition:
United Kingdom

Chico's FAS Inc Reports Q1 Earnings Per Share Of $0.02


Tuesday, 11 Jun 2019 

June 11 (Reuters) - Chico's FAS Inc ::CHICO'S FAS, INC. REPORTS FIRST QUARTER RESULTS.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.05.Q1 EARNINGS PER SHARE $0.02.Q1 SALES $517.7 MILLION VERSUS REFINITIV IBES ESTIMATE OF $517.6 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.03 -- REFINITIV IBES DATA.INITIATING OUTLOOK FOR Q2 OF FISCAL 2019.CHICO'S Q1 RESULTS STABILIZED IN LINE WITH Q4 2018..QTRLY COMPARABLE SALES DECLINE OF 7.0%.ANTICIPATES A MID-SINGLE DIGIT DECLINE IN TOTAL NET SALES AND CONSOLIDATED COMPARABLE SALES IN Q2.MAKING PROGRESS ON ITS PREVIOUSLY ANNOUNCED SEARCH FOR A PERMANENT CEO.ANTICIPATES A LOW-TO MID-SINGLE DIGIT DECLINE IN TOTAL NET SALES AND CONSOLIDATED COMPARABLE SALES FOR FY.EXPECTS GROSS MARGIN AS A PERCENT OF NET SALES TO DECLINE APPROXIMATELY 200 TO 250 BASIS POINTS FOR FISCAL 2019 Q2.BOARD'S SEARCH COMMITTEE HAS MET WITH A NUMBER OF QUALIFIED CANDIDATES FOR CEO ROLE.CHICO'S FAS - EXPECTS SALES AT CHICO'S AND SOMA BRANDS WILL IMPROVE IN Q2 VERSUS Q1.EXPECTS FY CAPEX TO BE ABOUT $55 MILLION.QTRLY COMPARABLE SALES DECLINE WAS DRIVEN BY LOWER AVERAGE DOLLAR SALE AND A DECREASE IN TRANSACTION COUNT. 

Company Quote

3.26
0.03 +0.93%
19 Jul 2019