Chico’s FAS, Inc. Earnings: Profit Rises by Double-Figures Again

Chico’s FAS, Inc. (NYSE:CHS) reported its results for the first 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 First Quarter

Results: Net income for Chico’s FAS, Inc. rose to $45.9 million (26 cents/share) vs. $35.4 million (20 cents/share) in the same quarter a year earlier. A rise of 29.7% from the year earlier quarter.

Revenue: Rose 11.5% to $537.2 million YoY.

Actual vs. Wall St. Expectations: CHS beat the mean analyst estimate of 25 cents/share. Estimates ranged from 23 cents per share to 28 cents per share.

Key Stats: The company has now seen net income rise in three-straight quarters. In the fourth quarter of the last fiscal year, net income rose 18.2% and in the third quarter of the last fiscal year, the figure rose 26.8%.

Revenue has risen the past four quarters. Revenue increased 9% to $475 million in fourth quarter of the last fiscal year. The figure rose 8.1% in third quarter of the last fiscal year from the year earlier and climbed 10.8% in second quarter of the last fiscal year from the year-ago quarter.

Margins rose in the fourth quarter of the last fiscal year after falling the quarter before. Gross margin rose 0.7 percentage point to 59.1% from the quarter earlier quarter. In the third quarter of the last fiscal year, the figure rose 1.4 percentage points to 53.2% from the year earlier quarter.

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), Nordstrom (NYSE:JWN), J.C. Penney (NYSE:JCP), Macy’s (NYSE:M), Saks (NYSE:SKS), and Body Central Acquisition Corp. (NASDAQ:BODY).

Stock Performance: Shares of CHS are down 3% today from the previous close of $15.21.

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