Chico's FAS (NYSE: CHS ) reported earnings on Aug. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 28 (Q2), Chico's FAS met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Margins expanded across the board.
Chico's FAS chalked up revenue of $641.7 million. The 15 analysts polled by S&P Capital IQ foresaw revenue of $640.4 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $551.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.33. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.30 per share. GAAP EPS of $0.32 for Q2 were 28% higher than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 56.4%, 30 basis points better than the prior-year quarter. Operating margin was 13.4%, 90 basis points better than the prior-year quarter. Net margin was 8.3%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $625.4 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $2.59 billion. The average EPS estimate is $1.07.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chico's FAS is outperform, with an average price target of $17.16.
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