Chico’s FAS, Inc. Earnings Cheat Sheet: Double-Digit Growth Again

Chico’s FAS, Inc. (NYSE:CHS) reported its results for the second quarter. Chico’s FAS, Inc. is a national specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items,.

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Chico’s FAS Earnings Cheat Sheet for the Second Quarter

Results: Net income for Chico’s FAS, Inc. rose to $43.4 million (25 cents per share) vs. $30.5 million (17 cents per share) in the same quarter a year earlier. This marks a rise of 42.5% from the year earlier quarter.

Revenue: Rose 18.5% to $551.4 million from the year earlier quarter.

Actual vs. Wall St. Expectations: CHS beat the mean analyst estimate of 24 cents per share. It beat the average revenue estimate of $536.3 million.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 29.7% and in the fourth quarter of the last fiscal year, the figure rose 18.2%.

Revenue has risen the past four quarters. Revenue increased 11.5% to $537.2 million in the first quarter. The figure rose 9% in the fourth quarter of the last fiscal year from the year earlier and climbed 8.1% in the third quarter of the last fiscal year from the year-ago quarter.

The company has now beaten estimates the last two quarters. In the first quarter, it topped expectations with net income of 26 cents versus a mean estimate of net income of 25 cents per share.

Gross margins grew 0.4 percentage point to 56.1%. The growth seemed to be driven by increased revenue, as the figure rose 18.5% from the year earlier quarter while costs rose 17.4%.

Competitors to Watch: Coldwater Creek Inc. (NASDAQ:CWTR), Limited Brands, Inc. (NYSE:LTD), Ann Inc (NYSE:ANN), The Talbots, Inc. (NYSE:TLB), Christopher & Banks Corp. (NYSE:CBK), Ascena Retail Group Inc (NASDAQ:ASNA), Charming Shoppes, Inc. (NASDAQ:CHRS), New York & Company, Inc. (NYSE:NWY), The Cato Corporation (NYSE:CATO), and Body Central Acquisition Corp. (NASDAQ:BODY).

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(Source: Xignite Financials)